Marcum Wealth LLC Purchases 624 Shares of Johnson Controls International plc (NYSE:JCI)

Marcum Wealth LLC raised its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 20.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,716 shares of the company’s stock after buying an additional 624 shares during the period. Marcum Wealth LLC’s holdings in Johnson Controls International were worth $247,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of JCI. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Johnson Controls International during the 4th quarter valued at $25,000. Rise Advisors LLC bought a new position in Johnson Controls International in the 1st quarter worth about $25,000. EdgeRock Capital LLC purchased a new stake in shares of Johnson Controls International in the 4th quarter worth approximately $27,000. Hexagon Capital Partners LLC lifted its position in Johnson Controls International by 114.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock valued at $29,000 after acquiring an additional 268 shares during the last quarter. Finally, DT Investment Partners LLC purchased a new position in shares of Johnson Controls International in the fourth quarter worth $41,000. 90.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on JCI. Citigroup lifted their target price on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. The Goldman Sachs Group boosted their price target on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday. Barclays reduced their price objective on shares of Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Robert W. Baird upped their price objective on shares of Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Wells Fargo & Company upped their price target on shares of Johnson Controls International from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $67.69.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the company’s 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 sale, the chief operating officer now owns 103,866 shares in the company, valued at approximately $7,344,364.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Daniel C. Mcconeghy sold 9,342 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $65.50, for a total value of $611,901.00. Following the completion of the sale, the vice president now directly owns 25,378 shares of the company’s stock, valued at $1,662,259. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $70.71, for a total value of $82,518.57. Following the sale, the chief operating officer now directly owns 103,866 shares of the company’s stock, valued at $7,344,364.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,048 shares of company stock valued at $796,710. Corporate insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Performance

Shares of NYSE JCI traded down $1.71 during trading hours on Monday, reaching $65.71. The stock had a trading volume of 6,572,636 shares, compared to its average volume of 5,428,323. The business’s fifty day moving average is $69.25 and its two-hundred day moving average is $64.46. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.65. The company has a market cap of $43.89 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 1.72 and a beta of 1.28. Johnson Controls International plc has a twelve month low of $47.90 and a twelve month high of $75.36.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $7.53 billion. During the same quarter last year, the business earned $1.03 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, research analysts expect that Johnson Controls International plc will post 3.67 EPS for the current year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Monday, June 24th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.25%. Johnson Controls International’s payout ratio is 59.92%.

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.