Massmutual Trust Co. FSB ADV Boosts Holdings in Johnson Controls International plc (NYSE:JCI)

Massmutual Trust Co. FSB ADV raised its stake in shares of Johnson Controls International plc (NYSE:JCI) by 25.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,864 shares of the company’s stock after purchasing an additional 374 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Johnson Controls International were worth $124,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JCI. Turtle Creek Wealth Advisors LLC purchased a new position in Johnson Controls International during the fourth quarter valued at $25,000. Rise Advisors LLC purchased a new position in Johnson Controls International during the first quarter valued at $25,000. EdgeRock Capital LLC purchased a new position in shares of Johnson Controls International in the fourth quarter worth about $27,000. Hexagon Capital Partners LLC lifted its stake in shares of Johnson Controls International by 114.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock worth $29,000 after buying an additional 268 shares in the last quarter. Finally, DT Investment Partners LLC purchased a new position in shares of Johnson Controls International in the fourth quarter worth about $41,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Trading Up 1.5 %

NYSE:JCI traded up $0.99 during trading hours on Tuesday, reaching $66.70. 3,284,446 shares of the stock were exchanged, compared to its average volume of 5,416,888. The company has a quick ratio of 0.65, a current ratio of 0.96 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average of $69.08 and a two-hundred day moving average of $64.55. Johnson Controls International plc has a twelve month low of $47.90 and a twelve month high of $75.36. The company has a market capitalization of $44.93 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 1.72 and a beta of 1.28.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. The company had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.53 billion. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. Johnson Controls International’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the business posted $1.03 EPS. On average, equities analysts predict that Johnson Controls International plc will post 3.67 EPS for the current year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Monday, June 24th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.22%. The ex-dividend date was Monday, June 24th. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on JCI. Oppenheimer raised their price target on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. Wells Fargo & Company raised 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, August 1st. Barclays decreased their price target on shares of Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Robert W. Baird raised 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, August 1st. Finally, StockNews.com upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $67.69.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International 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 completion of the transaction, the chief operating officer now directly owns 103,866 shares of the company’s stock, valued at approximately $7,344,364.86. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, VP Daniel C. Mcconeghy sold 9,342 shares of Johnson Controls International stock in a transaction dated 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 transaction, the vice president now owns 25,378 shares in the company, valued at approximately $1,662,259. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $70.71, for a total value of $82,518.57. Following the completion of the transaction, the chief operating officer now owns 103,866 shares of the company’s stock, valued at approximately $7,344,364.86. The disclosure for this sale can be found here. Insiders sold a total of 12,234 shares of company stock valued at $808,912 in the last three months. 0.69% of the stock is owned by corporate insiders.

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.