Pointe Capital Management LLC Raises Holdings in Johnson Controls International plc $JCI

Pointe Capital Management LLC increased its position in shares of Johnson Controls International plc (NYSE:JCI) by 18.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,527 shares of the company’s stock after purchasing an additional 1,026 shares during the quarter. Pointe Capital Management LLC’s holdings in Johnson Controls International were worth $689,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in JCI. Brighton Jones LLC acquired a new position in Johnson Controls International during the fourth quarter worth $222,000. Silver Oak Securities Incorporated acquired a new position in Johnson Controls International during the first quarter worth $124,000. OneDigital Investment Advisors LLC boosted its stake in Johnson Controls International by 13.7% during the first quarter. OneDigital Investment Advisors LLC now owns 9,250 shares of the company’s stock worth $741,000 after buying an additional 1,116 shares during the last quarter. Strategic Blueprint LLC boosted its stake in Johnson Controls International by 4.3% during the first quarter. Strategic Blueprint LLC now owns 2,980 shares of the company’s stock worth $239,000 after buying an additional 123 shares during the last quarter. Finally, Impax Asset Management Group plc acquired a new position in Johnson Controls International during the first quarter worth $629,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on JCI shares. Citigroup boosted their price objective on Johnson Controls International from $112.00 to $119.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Robert W. Baird upped their price target on Johnson Controls International from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Barclays upped their price target on Johnson Controls International from $100.00 to $101.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. The Goldman Sachs Group boosted their price objective on Johnson Controls International from $119.00 to $124.00 and gave the company a “buy” rating in a report on Monday, September 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Johnson Controls International in a report on Wednesday, October 8th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $113.41.

Johnson Controls International Trading Down 1.2%

JCI opened at $113.06 on Tuesday. Johnson Controls International plc has a one year low of $68.03 and a one year high of $116.48. The company has a market cap of $73.98 billion, a P/E ratio of 33.55, a PEG ratio of 1.70 and a beta of 1.33. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96. The business’s 50-day simple moving average is $108.77 and its 200-day simple moving average is $103.38.

Johnson Controls International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, September 22nd were given a $0.40 dividend. This is a boost from Johnson Controls International’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.4%. Johnson Controls International’s payout ratio is currently 47.48%.

Insider Transactions at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 5,917 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $625,604.41. Following the completion of the sale, the vice president directly owned 25,005 shares of the company’s stock, valued at $2,643,778.65. This represents a 19.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total value of $149,395.32. Following the completion of the sale, the vice president directly owned 139,459 shares of the company’s stock, valued at approximately $14,651,562.54. This trade represents a 1.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.54% of the stock is owned by corporate insiders.

About Johnson Controls International

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.