International Assets Investment Management LLC Purchases 61,737 Shares of Johnson Controls International plc $JCI

International Assets Investment Management LLC purchased a new stake in shares of Johnson Controls International plc (NYSE:JCI) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 61,737 shares of the company’s stock, valued at approximately $9,177,000.

A number of other hedge funds have also recently modified their holdings of the company. First County Bank CT boosted its holdings in shares of Johnson Controls International by 4.2% during the third quarter. First County Bank CT now owns 1,699 shares of the company’s stock worth $253,000 after purchasing an additional 68 shares during the period. Natural Investments LLC increased its holdings in Johnson Controls International by 2.5% during the 2nd quarter. Natural Investments LLC now owns 3,008 shares of the company’s stock valued at $439,000 after purchasing an additional 72 shares during the period. Everhart Financial Group Inc. increased its holdings in Johnson Controls International by 1.1% during the 3rd quarter. Everhart Financial Group Inc. now owns 6,355 shares of the company’s stock valued at $945,000 after purchasing an additional 72 shares during the period. Baron Wealth Management LLC raised its position in Johnson Controls International by 1.6% during the 2nd quarter. Baron Wealth Management LLC now owns 4,705 shares of the company’s stock valued at $687,000 after purchasing an additional 75 shares during the last quarter. Finally, Kaufman Rossin Wealth LLC lifted its holdings in Johnson Controls International by 2.0% in the 3rd quarter. Kaufman Rossin Wealth LLC now owns 3,845 shares of the company’s stock worth $572,000 after buying an additional 75 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Price Performance

Shares of JCI stock opened at $148.90 on Friday. The business’s fifty day moving average is $147.36 and its 200 day moving average is $140.79. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 0.55. The stock has a market cap of $90.19 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 1.17 and a beta of 1.27. Johnson Controls International plc has a twelve month low of $108.41 and a twelve month high of $160.41.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.59 by $0.07. Johnson Controls International had a return on equity of 23.38% and a net margin of 11.12%. The business had revenue of $7.11 billion during the quarter, compared to analyst estimates of $7.04 billion. During the same quarter last year, the firm posted $1.26 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Research analysts expect that Johnson Controls International plc will post 6.29 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, September 21st were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Monday, September 21st. Johnson Controls International’s dividend payout ratio (DPR) is 34.19%.

Insider Transactions at Johnson Controls International

In related news, VP Lei Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the completion of the transaction, the vice president directly owned 15,017 shares of the company’s stock, valued at $2,298,652.19. This trade represents a 60.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Juergen Tinggren sold 4,000 shares of the business’s stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $159.19, for a total transaction of $636,760.00. Following the sale, the director directly owned 27,236 shares in the company, valued at $4,335,698.84. The trade was a 12.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on JCI shares. Robert W. Baird lifted their price objective on Johnson Controls International from $162.00 to $172.00 and gave the stock a “neutral” rating in a research report on Wednesday. Mizuho lifted their price target on shares of Johnson Controls International from $150.00 to $165.00 and gave the company a “neutral” rating in a report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Johnson Controls International from $180.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, September 30th. Sanford C. Bernstein restated an “outperform” rating on shares of Johnson Controls International in a report on Wednesday, October 7th. Finally, BNP Paribas Exane raised their target price on shares of Johnson Controls International from $130.00 to $145.00 and gave the stock an “underperform” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $166.86.

Johnson Controls International Company Profile

Johnson Controls International plc (NYSE:JCI) is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.