Saxon Interests Inc. Grows Stake in Johnson Controls International plc (NYSE:JCI)

Saxon Interests Inc. grew its position in shares of Johnson Controls International plc (NYSE:JCI) by 17.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,898 shares of the company’s stock after purchasing an additional 1,151 shares during the period. Saxon Interests Inc.’s holdings in Johnson Controls International were worth $516,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in 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 purchased a new position in shares of Johnson Controls International during the 1st quarter valued at $25,000. EdgeRock Capital LLC purchased a new position in shares of Johnson Controls International during the 4th quarter valued at $27,000. Hexagon Capital Partners LLC grew its position in shares of Johnson Controls International by 114.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock valued at $29,000 after purchasing an additional 268 shares in the last quarter. Finally, Headinvest LLC purchased a new position in shares of Johnson Controls International during the 3rd quarter valued at $30,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on JCI shares. Wells Fargo & Company lifted their price objective on shares of Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Barclays lifted their price objective on shares of Johnson Controls International from $59.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, June 21st. Oppenheimer lifted their price objective on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. Citigroup lifted their price objective on shares of Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, UBS Group downgraded shares of Johnson Controls International from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $74.00 to $68.00 in a report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $63.82.

Johnson Controls International Trading Up 1.2 %

Shares of NYSE:JCI traded up $0.80 during midday trading on Tuesday, hitting $66.32. 3,126,048 shares of the stock traded hands, compared to its average volume of 5,512,294. The stock has a market capitalization of $44.68 billion, a PE ratio of 26.89, a P/E/G ratio of 1.73 and a beta of 1.28. The business’s 50 day moving average is $68.26 and its two-hundred day moving average is $62.35. The company has a quick ratio of 0.65, a current ratio of 0.87 and a debt-to-equity ratio of 0.44. Johnson Controls International plc has a one year low of $47.90 and a one year high of $74.23.

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

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Monday, June 24th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Monday, June 24th. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Insider Activity at Johnson Controls International

In related news, Director Juergen Tinggren sold 4,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $62.31, for a total transaction of $249,240.00. Following the transaction, the director now owns 30,120 shares in the company, valued at $1,876,777.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Juergen Tinggren sold 4,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $62.31, for a total transaction of $249,240.00. Following the transaction, the director now owns 30,120 shares in the company, valued at $1,876,777.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Daniel C. Mcconeghy sold 9,342 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $65.50, for a total transaction of $611,901.00. Following the transaction, the vice president now owns 25,378 shares in the company, valued at approximately $1,662,259. The disclosure for this sale can be found here. Insiders have sold 18,067 shares of company stock worth $1,162,178 over the last 90 days. 0.69% of the stock is owned by company 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.