JustInvest LLC Invests $359,000 in Johnson Controls International plc (NYSE:JCI)

JustInvest LLC acquired a new position in shares of Johnson Controls International plc (NYSE:JCI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,793 shares of the company’s stock, valued at approximately $359,000.

Several other large investors also recently bought and sold shares of JCI. Two Sigma Advisers LP bought a new stake in Johnson Controls International in the first quarter valued at about $208,000. AXA increased its stake in Johnson Controls International by 17.9% in the first quarter. AXA now owns 424,308 shares of the company’s stock valued at $11,440,000 after acquiring an additional 64,506 shares during the period. Red Spruce Capital LLC increased its stake in Johnson Controls International by 5.7% in the second quarter. Red Spruce Capital LLC now owns 27,797 shares of the company’s stock valued at $949,000 after acquiring an additional 1,500 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in Johnson Controls International by 9.6% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 11,772 shares of the company’s stock valued at $401,000 after acquiring an additional 1,030 shares during the period. Finally, Farmers Trust Co. grew its stake in Johnson Controls International by 6.9% during the second quarter. Farmers Trust Co. now owns 102,993 shares of the company’s stock worth $3,516,000 after buying an additional 6,645 shares during the last quarter. Institutional investors own 89.79% of the company’s stock.

Shares of NYSE:JCI opened at $42.31 on Friday. Johnson Controls International plc has a 52 week low of $22.77 and a 52 week high of $44.82. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.89 and a current ratio of 1.08. The company has a market capitalization of $31.48 billion, a PE ratio of 41.48, a PEG ratio of 2.23 and a beta of 1.07. The company has a 50 day moving average price of $42.23 and a two-hundred day moving average price of $36.45.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Friday, July 31st. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.19. Johnson Controls International had a net margin of 3.54% and a return on equity of 8.77%. The firm had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.11 billion. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The business’s quarterly revenue was down 17.2% on a year-over-year basis. On average, sell-side analysts forecast that Johnson Controls International plc will post 2.2 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, September 28th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Friday, September 25th. Johnson Controls International’s payout ratio is presently 53.06%.

In other news, CFO Brian J. Stief sold 61,953 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $38.54, for a total transaction of $2,387,668.62. Following the completion of the sale, the chief financial officer now owns 36,971 shares of the company’s stock, valued at $1,424,862.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John Donofrio sold 38,290 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $42.04, for a total transaction of $1,609,711.60. Following the sale, the vice president now directly owns 52,915 shares of the company’s stock, valued at approximately $2,224,546.60. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by corporate insiders.

Several analysts have weighed in on JCI shares. TheStreet raised shares of Johnson Controls International from a “c+” rating to a “b” rating in a research note on Thursday, October 22nd. Oppenheimer raised shares of Johnson Controls International from a “market perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research note on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Johnson Controls International from $48.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, October 13th. Cowen reaffirmed a “buy” rating and set a $36.00 price objective on shares of Johnson Controls International in a research note on Friday, July 31st. Finally, Zacks Investment Research lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $44.00 target price on the stock. in a research report on Wednesday, October 7th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $41.56.

About Johnson Controls International

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Solutions North America, Building Solutions EMEA/LA, Building Solutions EMEA/LA, and Global Products segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems to non-residential building and industrial applications.

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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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