Johnson Controls International plc (NYSE:JCI) Shares Acquired by First Horizon Advisors Inc.

First Horizon Advisors Inc. increased its holdings in Johnson Controls International plc (NYSE:JCI) by 6.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,619 shares of the company’s stock after acquiring an additional 288 shares during the quarter. First Horizon Advisors Inc.’s holdings in Johnson Controls International were worth $307,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Continuum Advisory LLC increased its holdings in shares of Johnson Controls International by 65.2% in the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after acquiring an additional 208 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in Johnson Controls International by 2.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,120,275 shares of the company’s stock valued at $140,935,000 after buying an additional 42,106 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Johnson Controls International by 1.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 119,626 shares of the company’s stock valued at $7,996,000 after buying an additional 1,940 shares during the last quarter. MONECO Advisors LLC purchased a new position in Johnson Controls International in the 2nd quarter valued at $213,000. Finally, Raymond James & Associates grew its position in Johnson Controls International by 7.0% in the 2nd quarter. Raymond James & Associates now owns 4,485,742 shares of the company’s stock valued at $298,167,000 after buying an additional 292,044 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group lifted their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Wells Fargo & Company boosted their target price on shares of Johnson Controls International from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Robert W. Baird boosted their target price on shares of Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Oppenheimer lifted their price target on Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. Finally, Royal Bank of Canada raised Johnson Controls International from an “underperform” rating to a “sector perform” rating and lifted their price target for the stock from $61.00 to $69.00 in a research note on Wednesday, August 14th. Eleven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $68.31.

Insider Activity

In other news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $70.71, for a total transaction of $82,518.57. Following the completion of the transaction, the chief operating officer now owns 103,866 shares of the company’s stock, valued at approximately $7,344,364.86. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 2,892 shares of company stock valued at $197,011 in the last 90 days. 0.69% of the stock is currently owned by insiders.

Johnson Controls International Price Performance

JCI stock traded down $0.22 during trading on Tuesday, hitting $70.31. The stock had a trading volume of 221,448 shares, compared to its average volume of 5,328,604. The company’s 50 day moving average price is $68.44 and its two-hundred day moving average price is $65.47. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $75.36. The stock has a market cap of $47.37 billion, a price-to-earnings ratio of 28.55, a price-to-earnings-growth ratio of 1.85 and a beta of 1.28. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.96.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The company had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter in the prior year, the company posted $1.03 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, sell-side analysts forecast that Johnson Controls International plc will post 3.67 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Monday, June 24th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Monday, June 24th. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Johnson Controls International 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.