Wealthfront Advisers LLC Boosts Stake in Johnson Controls International plc $JCI

Wealthfront Advisers LLC boosted its holdings in Johnson Controls International plc (NYSE:JCI) by 34.2% during the second quarter, Holdings Channel.com reports. The fund owned 62,401 shares of the company’s stock after buying an additional 15,890 shares during the quarter. Wealthfront Advisers LLC’s holdings in Johnson Controls International were worth $6,591,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new stake in Johnson Controls International during the second quarter valued at about $28,000. Truvestments Capital LLC increased its position in shares of Johnson Controls International by 425.0% during the 1st quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock valued at $25,000 after purchasing an additional 255 shares during the last quarter. Accent Capital Management LLC purchased a new position in shares of Johnson Controls International during the 1st quarter valued at about $26,000. Hilltop National Bank bought a new stake in Johnson Controls International in the 2nd quarter worth approximately $35,000. Finally, Cornerstone Planning Group LLC boosted its stake in Johnson Controls International by 74.5% in the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock worth $28,000 after buying an additional 155 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 5,917 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total value of $625,604.41. Following the completion of the sale, the vice president directly owned 25,005 shares in the company, valued at $2,643,778.65. This trade represents a 19.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total value of $149,395.32. Following the completion of the transaction, the vice president directly owned 139,459 shares of the company’s stock, valued at $14,651,562.54. This represents a 1.01% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,761 shares of company stock valued at $922,447. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on JCI. The Goldman Sachs Group lifted their price target on shares of Johnson Controls International from $119.00 to $124.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Wolfe Research lifted their target price on shares of Johnson Controls International from $132.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Barclays upped their price target on shares of Johnson Controls International from $100.00 to $101.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 30th. Morgan Stanley lifted their price objective on Johnson Controls International from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Johnson Controls International in a research note on Wednesday, October 8th. Ten research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $113.41.

Johnson Controls International Price Performance

Shares of Johnson Controls International stock opened at $113.10 on Tuesday. The business has a 50 day moving average of $108.00 and a 200 day moving average of $101.93. Johnson Controls International plc has a 52 week low of $68.03 and a 52 week high of $114.60. The company has a market cap of $74.01 billion, a PE ratio of 33.56, a P/E/G ratio of 1.69 and a beta of 1.33. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.06. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. The business had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.99 billion. As a group, equities research analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, September 22nd were given a dividend of $0.40 per share. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, September 22nd. Johnson Controls International’s dividend payout ratio is presently 47.48%.

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.