Northwestern Mutual Wealth Management Co. Acquires 3,176 Shares of Johnson Controls International plc (NYSE:JCI)

Northwestern Mutual Wealth Management Co. raised its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 8.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,322 shares of the company’s stock after acquiring an additional 3,176 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Johnson Controls International were worth $2,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CIBC Asset Management Inc grew its holdings in Johnson Controls International by 13.8% during the fourth quarter. CIBC Asset Management Inc now owns 111,479 shares of the company’s stock valued at $6,426,000 after purchasing an additional 13,541 shares during the period. Rafferty Asset Management LLC lifted its position in shares of Johnson Controls International by 5.5% during the 4th quarter. Rafferty Asset Management LLC now owns 57,065 shares of the company’s stock valued at $3,289,000 after buying an additional 2,956 shares in the last quarter. Lake Street Advisors Group LLC bought a new position in shares of Johnson Controls International during the 4th quarter valued at approximately $247,000. Capital World Investors increased its holdings in Johnson Controls International by 35.6% in the 4th quarter. Capital World Investors now owns 7,622,156 shares of the company’s stock worth $439,341,000 after acquiring an additional 2,001,644 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Johnson Controls International by 99.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 81,274 shares of the company’s stock worth $4,685,000 after acquiring an additional 40,582 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on JCI. Royal Bank of Canada upgraded shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and upped their price target for the stock from $61.00 to $69.00 in a research report on Wednesday, August 14th. Oppenheimer upped their target price on shares of Johnson Controls International from $79.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday. Barclays raised their price target on Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday. Robert W. Baird upped their price objective on Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Finally, StockNews.com upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Johnson Controls International presently has a consensus rating of “Hold” and an average price target of $72.21.

Insiders Place Their Bets

In other news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total value of $84,899.25. Following the sale, the chief operating officer now directly owns 143,488 shares in the company, valued at $10,438,752. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $90,383,385.17. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the sale, the chief operating officer now owns 143,488 shares of the company’s stock, valued at approximately $10,438,752. The disclosure for this sale can be found here. Insiders sold a total of 116,879 shares of company stock valued at $8,503,656 over the last 90 days. Insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Performance

Shares of NYSE:JCI opened at $75.49 on Friday. The firm has a fifty day simple moving average of $71.21 and a two-hundred day simple moving average of $68.65. Johnson Controls International plc has a 52 week low of $47.90 and a 52 week high of $78.23. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $50.43 billion, a P/E ratio of 30.56, a PEG ratio of 2.03 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.08 by $0.06. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The company had revenue of $7.23 billion during the quarter, compared to analyst estimates of $7.53 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. Johnson Controls International’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, 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 disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, September 25th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is currently 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.