Schechter Investment Advisors LLC lessened its holdings in shares of Johnson Controls International plc (NYSE:JCI – Free Report) by 17.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,343 shares of the company’s stock after selling 699 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Johnson Controls International were worth $201,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Canton Hathaway LLC acquired a new stake in Johnson Controls International during the 4th quarter worth approximately $26,000. Elequin Securities LLC acquired a new stake in Johnson Controls International during the 4th quarter worth approximately $33,000. Salem Investment Counselors Inc. raised its holdings in Johnson Controls International by 152.4% during the 1st quarter. Salem Investment Counselors Inc. now owns 588 shares of the company’s stock worth $39,000 after buying an additional 355 shares during the period. Geneos Wealth Management Inc. raised its holdings in Johnson Controls International by 110.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 720 shares of the company’s stock worth $43,000 after buying an additional 378 shares during the period. Finally, OLD Mission Capital LLC acquired a new stake in Johnson Controls International during the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 88.49% of the company’s stock.
Wall Street Analysts Forecast Growth
JCI has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price target on Johnson Controls International from $70.00 to $72.00 in a research note on Monday, May 8th. Barclays downgraded Johnson Controls International from an “overweight” rating to an “equal weight” rating and set a $70.00 price target on the stock. in a research note on Thursday, June 1st. Wells Fargo & Company lifted their price objective on shares of Johnson Controls International from $69.00 to $74.00 in a report on Monday, July 10th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Johnson Controls International from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, April 12th. Finally, StockNews.com initiated coverage on shares of Johnson Controls International in a report on Thursday, May 18th. They issued a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Johnson Controls International currently has an average rating of “Moderate Buy” and an average target price of $70.42.
Johnson Controls International Price Performance
Johnson Controls International (NYSE:JCI – Get Free Report) last released its quarterly earnings data on Friday, May 5th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.73 by $0.02. Johnson Controls International had a net margin of 5.33% and a return on equity of 13.07%. The firm had revenue of $6.69 billion for the quarter, compared to the consensus estimate of $6.51 billion. During the same period in the previous year, the company earned $0.63 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. On average, analysts predict that Johnson Controls International plc will post 3.57 EPS for the current year.
Johnson Controls International Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Tuesday, June 20th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, June 16th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.15%. This is a positive change from Johnson Controls International’s previous quarterly dividend of $0.36. Johnson Controls International’s dividend payout ratio (DPR) is 73.63%.
Insider Transactions at Johnson Controls International
In other news, CFO Olivier Leonetti sold 30,997 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $62.36, for a total transaction of $1,932,972.92. Following the transaction, the chief financial officer now owns 101,757 shares in the company, valued at $6,345,566.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Olivier Leonetti sold 30,997 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $62.36, for a total transaction of $1,932,972.92. Following the transaction, the chief financial officer now owns 101,757 shares in the company, valued at $6,345,566.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP John Donofrio sold 14,253 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $63.02, for a total transaction of $898,224.06. Following the transaction, the vice president now directly owns 37,090 shares in the company, valued at $2,337,411.80. The disclosure for this sale can be found here. 0.71% of the stock is owned by corporate insiders.
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.
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