HighPoint Advisor Group LLC Grows Holdings in Johnson Controls International plc (NYSE:JCI)

HighPoint Advisor Group LLC raised its position in shares of Johnson Controls International plc (NYSE:JCI) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,852 shares of the company’s stock after purchasing an additional 154 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Johnson Controls International were worth $699,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Compass Financial Services Inc bought a new stake in shares of Johnson Controls International during the 4th quarter valued at $26,000. SBI Securities Co. Ltd. bought a new stake in Johnson Controls International during the fourth quarter valued at about $29,000. Synergy Asset Management LLC bought a new stake in Johnson Controls International during the fourth quarter valued at about $42,000. Crowley Wealth Management Inc. purchased a new position in shares of Johnson Controls International in the fourth quarter valued at about $42,000. Finally, ST Germain D J Co. Inc. boosted its stake in shares of Johnson Controls International by 32.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after acquiring an additional 134 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $81.34 on Wednesday. The firm has a market capitalization of $53.69 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a 12-month low of $59.83 and a 12-month high of $91.14. The firm has a 50-day moving average price of $82.91 and a 200-day moving average price of $80.77. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. As a group, equities research analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.82%. The ex-dividend date is Monday, March 24th. Johnson Controls International’s dividend payout ratio (DPR) is presently 56.49%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on JCI shares. JPMorgan Chase & Co. boosted their target price on shares of Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Friday, December 20th. Melius Research restated a “hold” rating and set a $95.00 price target on shares of Johnson Controls International in a report on Tuesday, January 28th. Wells Fargo & Company upped their price objective on Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada raised their target price on shares of Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Johnson Controls International presently has an average rating of “Moderate Buy” and a consensus target price of $91.27.

Insiders Place Their Bets

In related news, VP Nathan D. Manning sold 1,422 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $79.72, for a total value of $113,361.84. Following the transaction, the vice president now owns 145,502 shares of the company’s stock, valued at $11,599,419.44. This trade represents a 0.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Daniel C. Mcconeghy sold 1,950 shares of Johnson Controls International stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the sale, the vice president now owns 24,803 shares of the company’s stock, valued at $2,175,967.19. The trade was a 7.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 907,286 shares of company stock worth $77,938,071 over the last quarter. Company insiders own 0.54% of the company’s stock.

Johnson Controls International 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.