IFG Advisory LLC Sells 366 Shares of Johnson Controls International plc $JCI

IFG Advisory LLC decreased its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 1.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,360 shares of the company’s stock after selling 366 shares during the period. IFG Advisory LLC’s holdings in Johnson Controls International were worth $3,418,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Putney Financial Group LLC bought a new position in shares of Johnson Controls International during the second quarter valued at approximately $158,000. BLB&B Advisors LLC purchased a new stake in shares of Johnson Controls International during the second quarter valued at approximately $218,000. Simon Quick Advisors LLC grew its holdings in shares of Johnson Controls International by 39.8% during the second quarter. Simon Quick Advisors LLC now owns 9,352 shares of the company’s stock valued at $988,000 after buying an additional 2,662 shares during the last quarter. Strs Ohio grew its holdings in shares of Johnson Controls International by 4.9% during the second quarter. Strs Ohio now owns 180,183 shares of the company’s stock valued at $19,031,000 after buying an additional 8,350 shares during the last quarter. Finally, Savvy Advisors Inc. purchased a new stake in shares of Johnson Controls International during the second quarter valued at approximately $302,000. Institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on JCI. Wolfe Research increased their price target on shares of Johnson Controls International from $132.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, September 12th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Johnson Controls International from $124.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Morgan Stanley increased their price target on shares of Johnson Controls International from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Royal Bank Of Canada increased their price target on shares of Johnson Controls International from $114.00 to $116.00 and gave the company a “sector perform” rating in a report on Thursday, October 16th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Johnson Controls International in a report on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $113.41.

Insider Activity at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total transaction of $149,395.32. Following the transaction, the vice president owned 139,459 shares in the company, valued at $14,651,562.54. This trade represents a 1.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Daniel C. Mcconeghy sold 5,917 shares of Johnson Controls International stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total transaction of $625,604.41. Following the transaction, the vice president owned 25,005 shares in the company, valued at $2,643,778.65. This represents a 19.14% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.54% of the company’s stock.

Johnson Controls International Trading Up 0.2%

Shares of JCI stock opened at $114.48 on Friday. Johnson Controls International plc has a 12-month low of $68.03 and a 12-month high of $116.48. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The firm’s 50 day moving average is $108.64 and its 200 day moving average is $102.77. The stock has a market capitalization of $74.91 billion, a P/E ratio of 33.97, a P/E/G ratio of 1.70 and a beta of 1.33.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.06. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. The company had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.99 billion. Research analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, September 22nd were issued a $0.40 dividend. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, September 22nd. Johnson Controls International’s dividend payout ratio is 47.48%.

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.