Old North State Trust LLC Purchases New Stake in Johnson Controls International plc $JCI

Old North State Trust LLC acquired a new position in shares of Johnson Controls International plc (NYSE:JCI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,686 shares of the company’s stock, valued at approximately $267,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mcguire Capital Advisors Inc. acquired a new stake in shares of Johnson Controls International in the 4th quarter worth $27,000. Fourth Dimension Wealth LLC boosted its position in shares of Johnson Controls International by 51.3% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock valued at $34,000 after acquiring an additional 78 shares during the last quarter. First Bancorp Inc ME acquired a new position in shares of Johnson Controls International during the 2nd quarter valued at about $34,000. Twin Tree Management LP grew its holdings in shares of Johnson Controls International by 140.9% in the fourth quarter. Twin Tree Management LP now owns 260 shares of the company’s stock valued at $31,000 after purchasing an additional 895 shares during the period. Finally, Axiom Investment Management LLC purchased a new stake in shares of Johnson Controls International in the second quarter valued at about $41,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on JCI. Wall Street Zen downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Royal Bank Of Canada increased their price target on shares of Johnson Controls International from $154.00 to $161.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Citigroup raised their price target on shares of Johnson Controls International from $155.00 to $157.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a research report on Tuesday, June 9th. Finally, Wells Fargo & Company lifted their price target on shares of Johnson Controls International from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Twelve investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Johnson Controls International has an average rating of “Hold” and a consensus price target of $155.50.

Insider Buying and Selling

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 23,417 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the sale, the vice president directly owned 15,017 shares in the company, valued at $2,298,652.19. This represents a 60.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Todd M. Grabowski sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the completion of the transaction, the vice president directly owned 26,215 shares of the company’s stock, valued at $3,832,633. This represents a 6.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is owned by corporate insiders.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $142.35 on Friday. The company’s 50 day simple moving average is $145.05 and its 200-day simple moving average is $141.24. The company has a market capitalization of $86.23 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 1.39 and a beta of 1.31. Johnson Controls International plc has a 1 year low of $103.82 and a 1 year high of $157.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.30 by $0.12. The firm had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.46 billion. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.05 EPS. As a group, equities research analysts expect that Johnson Controls International plc will post 5.08 earnings per share for the current year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, June 15th. Johnson Controls International’s dividend payout ratio is presently 27.83%.

Johnson Controls International Profile

Johnson Controls International plc is a global diversified technology and multi?industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building?related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air?conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.