M&G Plc Raises Stake in Johnson Controls International plc (NYSE:JCI)

M&G Plc raised its position in Johnson Controls International plc (NYSE:JCI) by 0.3% in the second quarter, Holdings Channel reports. The fund owned 1,866,070 shares of the company’s stock after buying an additional 5,337 shares during the period. M&G Plc’s holdings in Johnson Controls International were worth $123,161,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in JCI. Glassy Mountain Advisors Inc. lifted its position in shares of Johnson Controls International by 0.4% during the 1st quarter. Glassy Mountain Advisors Inc. now owns 50,282 shares of the company’s stock worth $3,284,000 after buying an additional 181 shares during the last quarter. HCR Wealth Advisors lifted its position in shares of Johnson Controls International by 1.2% during the 4th quarter. HCR Wealth Advisors now owns 16,225 shares of the company’s stock worth $935,000 after buying an additional 185 shares during the last quarter. Wedmont Private Capital lifted its position in shares of Johnson Controls International by 3.1% during the 2nd quarter. Wedmont Private Capital now owns 6,440 shares of the company’s stock worth $451,000 after buying an additional 192 shares during the last quarter. West Paces Advisors Inc. lifted its position in shares of Johnson Controls International by 34.5% during the 4th quarter. West Paces Advisors Inc. now owns 788 shares of the company’s stock worth $45,000 after buying an additional 202 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its position in shares of Johnson Controls International by 39.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $47,000 after buying an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

JCI has been the subject of several recent analyst reports. Royal Bank of Canada boosted their price objective on shares of Johnson Controls International from $54.00 to $61.00 and gave the stock an “underperform” rating in a research report on Thursday, August 1st. The Goldman Sachs Group boosted their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Oppenheimer upped their price target on shares of Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Robert W. Baird upped their price target on shares of Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, UBS Group downgraded shares of Johnson Controls International from a “buy” rating to a “neutral” rating and reduced their price target for the company from $74.00 to $68.00 in a research report on Monday, May 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, Johnson Controls International currently has a consensus rating of “Hold” and an average target price of $67.69.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $66.01, for a total transaction of $77,033.67. Following the transaction, the chief operating officer now directly owns 104,556 shares of the company’s stock, valued at $6,901,741.56. The sale was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders sold 2,892 shares of company stock worth $197,011. 0.69% of the stock is currently owned by company insiders.

Johnson Controls International Trading Up 1.9 %

Shares of NYSE JCI traded up $1.26 during midday trading on Tuesday, reaching $67.82. 3,693,344 shares of the stock were exchanged, compared to its average volume of 5,398,706. The stock has a 50 day moving average price of $68.59 and a 200-day moving average price of $64.96. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $45.30 billion, a P/E ratio of 27.48, a P/E/G ratio of 1.83 and a beta of 1.28. Johnson Controls International plc has a 52-week low of $47.90 and a 52-week high of $75.36.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.08 by $0.06. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The company had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.53 billion. During the same quarter in the previous year, the business earned $1.03 EPS. The firm’s revenue was up 1.4% on a year-over-year basis. Equities research analysts expect that Johnson Controls International plc will post 3.67 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Monday, June 24th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.48 annualized dividend and a yield of 2.18%. Johnson Controls International’s dividend payout ratio is presently 59.92%.

Johnson Controls International Company Profile

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.