Johnson Controls International plc (NYSE:JCI) Shares Purchased by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Johnson Controls International plc (NYSE:JCI) by 75.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,020 shares of the company’s stock after buying an additional 866 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Johnson Controls International were worth $162,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Compass Financial Services Inc acquired a new stake in Johnson Controls International during the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Johnson Controls International during the 4th quarter worth approximately $29,000. Crowley Wealth Management Inc. acquired a new stake in shares of Johnson Controls International during the 4th quarter worth approximately $42,000. Gables Capital Management Inc. raised its position in shares of Johnson Controls International by 132.0% during the 4th quarter. Gables Capital Management Inc. now owns 580 shares of the company’s stock worth $46,000 after purchasing an additional 330 shares during the period. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Johnson Controls International during the 4th quarter worth approximately $48,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

JCI opened at $103.81 on Friday. The firm has a market cap of $68.31 billion, a PE ratio of 39.62, a P/E/G ratio of 1.96 and a beta of 1.33. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $87.90 and a 200-day simple moving average of $84.19. Johnson Controls International plc has a fifty-two week low of $64.31 and a fifty-two week high of $103.84.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.05. The business had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.64 billion. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.78 EPS. As a group, equities analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were given a $0.37 dividend. The ex-dividend date was Monday, March 24th. This represents a $1.48 annualized dividend and a dividend yield of 1.43%. Johnson Controls International’s dividend payout ratio (DPR) is presently 39.47%.

Insider Transactions at Johnson Controls International

In other news, Director George Oliver sold 184,331 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $79.49, for a total value of $14,652,471.19. Following the completion of the sale, the director now owns 1,019,562 shares of the company’s stock, valued at $81,044,983.38. This trade represents a 15.31% 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 firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total value of $113,361.84. Following the completion of the sale, the vice president now directly owns 145,502 shares of the company’s stock, valued at approximately $11,599,419.44. This trade represents a 0.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 347,555 shares of company stock valued at $29,536,076 over the last quarter. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Vertical Research upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research report on Thursday, May 8th. Morgan Stanley lifted their target price on Johnson Controls International from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Robert W. Baird increased their price target on Johnson Controls International from $84.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. Barclays increased their price target on Johnson Controls International from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 14th. Finally, Oppenheimer increased their price target on Johnson Controls International from $90.00 to $96.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Johnson Controls International currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.88.

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.