Novem Group Has $3.42 Million Position in Johnson Controls International plc (NYSE:JCI)

Novem Group boosted its holdings in Johnson Controls International plc (NYSE:JCI) by 2.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,631 shares of the company’s stock after acquiring an additional 1,183 shares during the period. Novem Group’s holdings in Johnson Controls International were worth $3,415,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Jackson Hole Capital Partners LLC raised its position in shares of Johnson Controls International by 0.7% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company’s stock valued at $1,470,000 after purchasing an additional 127 shares during the period. SeaCrest Wealth Management LLC grew its stake in Johnson Controls International by 2.7% in the 1st quarter. SeaCrest Wealth Management LLC now owns 5,060 shares of the company’s stock valued at $405,000 after buying an additional 135 shares during the last quarter. Abacus Planning Group Inc. raised its holdings in Johnson Controls International by 5.2% in the 1st quarter. Abacus Planning Group Inc. now owns 2,714 shares of the company’s stock valued at $217,000 after acquiring an additional 135 shares during the period. HighPoint Advisor Group LLC lifted its position in Johnson Controls International by 1.8% during the fourth quarter. HighPoint Advisor Group LLC now owns 8,852 shares of the company’s stock worth $699,000 after acquiring an additional 154 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in Johnson Controls International by 10.6% during the first quarter. Exchange Traded Concepts LLC now owns 1,722 shares of the company’s stock worth $138,000 after acquiring an additional 165 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

JCI has been the topic of several research reports. Barclays upped their target price on Johnson Controls International from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 14th. Vertical Research raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a report on Thursday, May 8th. Royal Bank Of Canada increased their price objective on Johnson Controls International from $82.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 8th. Robert W. Baird boosted their target price on shares of Johnson Controls International from $84.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of Johnson Controls International from $81.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, May 16th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.88.

Insiders Place Their Bets

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $104.82, for a total value of $149,054.04. Following the transaction, the vice president owned 141,860 shares in the company, valued at $14,869,765.20. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director George Oliver sold 100,000 shares of the business’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $91.70, for a total value of $9,170,000.00. Following the transaction, the director directly owned 904,305 shares of the company’s stock, valued at approximately $82,924,768.50. The trade was a 9.96% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,555 shares of company stock worth $13,705,106. 0.54% of the stock is currently owned by company insiders.

Johnson Controls International Price Performance

JCI stock opened at $105.06 on Thursday. The company’s 50-day moving average price is $97.76 and its two-hundred day moving average price is $86.71. The firm has a market cap of $69.13 billion, a P/E ratio of 28.02, a P/E/G ratio of 1.93 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. Johnson Controls International plc has a 12 month low of $64.31 and a 12 month high of $106.07.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.05. The business had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.64 billion. Johnson Controls International had a net margin of 10.19% and a return on equity of 15.13%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted $0.78 EPS. On average, analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 23rd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Monday, June 23rd. Johnson Controls International’s dividend payout ratio is presently 39.47%.

Johnson Controls International announced that its Board of Directors has initiated a stock repurchase plan on Friday, June 13th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 13.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Johnson Controls International 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.