Ballentine Partners LLC Acquires 691 Shares of Johnson Controls International plc (NYSE:JCI)

Ballentine Partners LLC grew its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 5.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 12,431 shares of the company’s stock after purchasing an additional 691 shares during the quarter. Ballentine Partners LLC’s holdings in Johnson Controls International were worth $965,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. M&G Plc bought a new position in shares of Johnson Controls International during the 1st quarter worth approximately $120,948,000. Cetera Investment Advisers raised its position in shares of Johnson Controls International by 470.9% during the first quarter. Cetera Investment Advisers now owns 157,980 shares of the company’s stock worth $10,319,000 after purchasing an additional 130,308 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Johnson Controls International by 3.5% during the first quarter. Janney Montgomery Scott LLC now owns 398,174 shares of the company’s stock worth $26,009,000 after purchasing an additional 13,373 shares during the period. Epoch Investment Partners Inc. raised its position in shares of Johnson Controls International by 0.9% during the first quarter. Epoch Investment Partners Inc. now owns 1,129,418 shares of the company’s stock worth $73,774,000 after purchasing an additional 10,146 shares during the period. Finally, Norden Group LLC acquired a new position in shares of Johnson Controls International during the first quarter worth approximately $864,000. 90.05% of the stock is currently owned by institutional investors.

Insider Activity at Johnson Controls International

In related news, CEO George Oliver sold 110,615 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the sale, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $70.71, for a total value of $82,518.57. Following the transaction, the chief operating officer now owns 103,866 shares of the company’s stock, valued at approximately $7,344,364.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Oliver sold 110,615 shares of the 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 completion of the transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 227,494 shares of company stock valued at $16,999,239 over the last ninety days. Insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Down 0.2 %

JCI stock opened at $76.74 on Friday. Johnson Controls International plc has a fifty-two week low of $48.08 and a fifty-two week high of $78.23. The stock has a fifty day moving average of $73.95 and a 200-day moving average of $70.01. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.96. The company has a market capitalization of $51.26 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 2.19 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last released its earnings results 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 return on equity of 13.64% and a net margin of 6.02%. The business had revenue of $7.23 billion for the quarter, compared to the consensus estimate of $7.53 billion. During the same period in the previous year, the company posted $1.03 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, equities research analysts predict that Johnson Controls International plc will post 3.68 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is 61.92%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on JCI shares. Mizuho upped their target price on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Wells Fargo & Company upped their target price on Johnson Controls International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Robert W. Baird upped their target price on Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. The Goldman Sachs Group upped their target price on Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Saturday. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Johnson Controls International has an average rating of “Hold” and a consensus target price of $73.43.

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.