Summit Financial LLC Purchases Shares of 3,350 Johnson Controls International plc (NYSE:JCI)

Summit Financial LLC purchased a new position in Johnson Controls International plc (NYSE:JCI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,350 shares of the company’s stock, valued at approximately $224,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JCI. Rise Advisors LLC acquired a new stake in Johnson Controls International during the first quarter worth about $25,000. EdgeRock Capital LLC acquired a new position in shares of Johnson Controls International during the 4th quarter worth approximately $27,000. Continuum Advisory LLC raised its position in Johnson Controls International by 65.2% during the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after acquiring an additional 208 shares during the period. Hexagon Capital Partners LLC lifted its holdings in Johnson Controls International by 39.7% during the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock valued at $47,000 after purchasing an additional 202 shares in the last quarter. Finally, Friedenthal Financial acquired a new position in shares of Johnson Controls International during the 2nd quarter worth about $47,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

JCI has been the subject of several research reports. Wells Fargo & Company boosted their price target on Johnson Controls International from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. The Goldman Sachs Group increased their price target on shares of Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Royal Bank of Canada raised shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and boosted their price target for the company from $61.00 to $69.00 in a research note on Wednesday, August 14th. StockNews.com upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Finally, Robert W. Baird increased their price target 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. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $68.31.

Johnson Controls International Stock Down 1.0 %

JCI opened at $70.04 on Thursday. Johnson Controls International plc has a one year low of $47.90 and a one year high of $75.36. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.96. The business’s fifty day moving average is $68.97 and its two-hundred day moving average is $66.73. The company has a market cap of $46.79 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 1.97 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $7.53 billion. During the same quarter in the previous year, the business posted $1.03 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. Analysts anticipate that Johnson Controls International plc will post 3.67 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Monday, June 24th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Monday, June 24th. Johnson Controls International’s dividend payout ratio is presently 59.92%.

Insiders Place Their Bets

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the sale, the chief operating officer now owns 143,488 shares of the company’s stock, valued at $10,438,752. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders sold 4,245 shares of company stock valued at $295,442. Company insiders own 0.69% of the company’s stock.

Johnson Controls International Company 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.