Lake Street Advisors Group LLC Has $338,000 Stock Position in Johnson Controls International plc (NYSE:JCI)

Lake Street Advisors Group LLC grew its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 21.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 5,151 shares of the company’s stock after purchasing an additional 899 shares during the period. Lake Street Advisors Group LLC’s holdings in Johnson Controls International were worth $338,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of JCI. Rise Advisors LLC acquired a new position in Johnson Controls International during the 1st quarter worth about $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Johnson Controls International during the 4th quarter worth about $25,000. EdgeRock Capital LLC bought a new position in shares of Johnson Controls International in the 4th quarter worth about $27,000. Hexagon Capital Partners LLC raised its position in shares of Johnson Controls International by 114.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock worth $29,000 after acquiring an additional 268 shares in the last quarter. Finally, Centerpoint Advisors LLC boosted its position in shares of Johnson Controls International by 126.8% during the 1st quarter. Centerpoint Advisors LLC now owns 737 shares of the company’s stock valued at $48,000 after purchasing an additional 412 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on JCI. UBS Group downgraded Johnson Controls International from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $74.00 to $68.00 in a report on Monday, May 6th. Barclays lowered their price objective on shares of Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Citigroup raised their target price on Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, April 8th. The Goldman Sachs Group lifted their target price on Johnson Controls International from $66.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, Oppenheimer increased their price target 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. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $65.23.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 9,342 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $65.50, for a total value of $611,901.00. Following the sale, the vice president now directly owns 25,378 shares in the company, valued at $1,662,259. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Juergen Tinggren sold 4,000 shares of the company’s 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 directly owns 30,120 shares in the company, valued at approximately $1,876,777.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Daniel C. Mcconeghy sold 9,342 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $65.50, for a total transaction of $611,901.00. Following the completion of the transaction, the vice president now directly owns 25,378 shares of the company’s stock, valued at $1,662,259. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,067 shares of company stock worth $1,163,404. Insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock traded down $1.58 during trading hours on Wednesday, hitting $67.54. 7,203,942 shares of the company’s stock traded hands, compared to its average volume of 5,324,431. The stock has a market capitalization of $45.50 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 1.83 and a beta of 1.28. Johnson Controls International plc has a 12-month low of $47.90 and a 12-month high of $74.23. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.87 and a quick ratio of 0.65. The company has a fifty day simple moving average of $69.61 and a 200-day simple moving average of $63.78.

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 analysts’ consensus estimates of $0.75 by $0.03. The business 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 firm’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 earnings per share. Equities research analysts anticipate that Johnson Controls International plc will post 3.59 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Monday, June 24th were issued a $0.37 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.19%. Johnson Controls International’s dividend payout ratio (DPR) is presently 59.92%.

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.