Rehmann Capital Advisory Group Acquires 263 Shares of Johnson Controls International plc (NYSE:JCI)

Rehmann Capital Advisory Group lifted its holdings in Johnson Controls International plc (NYSE:JCI) by 5.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,904 shares of the company’s stock after acquiring an additional 263 shares during the period. Rehmann Capital Advisory Group’s holdings in Johnson Controls International were worth $320,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. RPG Investment Advisory LLC lifted its position in shares of Johnson Controls International by 19.3% in the fourth quarter. RPG Investment Advisory LLC now owns 196,559 shares of the company’s stock worth $11,330,000 after buying an additional 31,759 shares in the last quarter. United Services Automobile Association raised its position in Johnson Controls International by 7.9% during the fourth quarter. United Services Automobile Association now owns 20,376 shares of the company’s stock valued at $1,174,000 after purchasing an additional 1,490 shares during the period. ANTIPODES PARTNERS Ltd raised its position in Johnson Controls International by 89.4% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 253,859 shares of the company’s stock valued at $14,632,000 after purchasing an additional 119,844 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in Johnson Controls International by 27.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 79,840 shares of the company’s stock valued at $4,602,000 after purchasing an additional 17,263 shares during the period. Finally, RWA Wealth Partners LLC purchased a new stake in Johnson Controls International during the fourth quarter valued at approximately $14,231,000. Institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on JCI shares. Oppenheimer upped their price objective on Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Citigroup increased their price target on Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Barclays increased their price target on Johnson Controls International from $59.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, June 21st. Wells Fargo & Company increased their price target on Johnson Controls International from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, The Goldman Sachs Group increased their price target on Johnson Controls International from $66.00 to $73.00 and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $64.75.

Johnson Controls International Stock Up 0.7 %

Shares of Johnson Controls International stock traded up $0.46 during trading on Wednesday, reaching $67.60. The company’s stock had a trading volume of 1,375,191 shares, compared to its average volume of 5,406,784. The company has a market cap of $45.54 billion, a price-to-earnings ratio of 27.12, a P/E/G ratio of 1.75 and a beta of 1.28. The company has a quick ratio of 0.65, a current ratio of 0.87 and a debt-to-equity ratio of 0.44. The company has a 50-day simple moving average of $68.49 and a two-hundred day simple moving average of $62.87. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $74.23.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.03. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.51 billion. During the same period in the previous year, the firm posted $0.75 EPS. Johnson Controls International’s revenue was down 6.1% compared to the same quarter last year. As a group, equities analysts forecast that Johnson Controls International plc will post 3.59 earnings per share for the current year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Monday, June 24th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Monday, June 24th. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Insider Transactions at Johnson Controls International

In other news, Director Juergen Tinggren sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $62.31, for a total transaction of $249,240.00. Following the transaction, the director now directly owns 30,120 shares in the company, valued at approximately $1,876,777.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Juergen Tinggren sold 4,000 shares of Johnson Controls International stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $62.31, for a total transaction of $249,240.00. Following the sale, the director now owns 30,120 shares of the company’s stock, valued at approximately $1,876,777.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $66.01, for a total transaction of $77,033.67. Following the sale, the chief operating officer now directly owns 104,556 shares in the company, valued at approximately $6,901,741.56. The disclosure for this sale can be found here. Insiders have sold a total of 18,067 shares of company stock worth $1,162,299 in the last ninety days. Insiders own 0.69% of the company’s stock.

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.