Cetera Investment Advisers Buys 13,874 Shares of Johnson Controls International plc $JCI

Cetera Investment Advisers raised its stake in Johnson Controls International plc (NYSE:JCI) by 6.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,168 shares of the company’s stock after buying an additional 13,874 shares during the period. Cetera Investment Advisers’ holdings in Johnson Controls International were worth $29,486,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Levin Capital Strategies L.P. acquired a new stake in shares of Johnson Controls International during the 1st quarter valued at $1,787,000. First Citizens Bank & Trust Co. increased its holdings in Johnson Controls International by 6.1% in the 1st quarter. First Citizens Bank & Trust Co. now owns 30,942 shares of the company’s stock worth $4,052,000 after purchasing an additional 1,791 shares in the last quarter. First Trust Advisors LP raised its position in Johnson Controls International by 28.3% in the first quarter. First Trust Advisors LP now owns 5,761,677 shares of the company’s stock valued at $754,492,000 after purchasing an additional 1,270,849 shares during the last quarter. ABN Amro Investment Solutions bought a new position in Johnson Controls International in the first quarter valued at about $8,863,000. Finally, Oslo Pensjonsforsikring AS acquired a new stake in shares of Johnson Controls International during the first quarter valued at about $299,000. Institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

JCI has been the topic of several research reports. Barclays boosted their price target on Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Jefferies Financial Group raised their price objective on shares of Johnson Controls International from $125.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, April 15th. Robert W. Baird lifted their target price on shares of Johnson Controls International from $132.00 to $148.00 and gave the stock a “neutral” rating in a research report on Monday, April 27th. JPMorgan Chase & Co. boosted their target price on shares of Johnson Controls International from $158.00 to $162.00 in a report on Thursday, May 7th. Finally, Oppenheimer restated a “market perform” rating on shares of Johnson Controls International in a research report on Tuesday, June 2nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $152.85.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $143.35 on Monday. The stock’s 50 day moving average is $141.84 and its 200 day moving average is $136.12. Johnson Controls International plc has a one year low of $102.09 and a one year high of $151.18. The firm has a market cap of $87.46 billion, a P/E ratio of 25.64, a P/E/G ratio of 1.54 and a beta of 1.31. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.85.

Johnson Controls International (NYSE:JCI) last released its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share for the quarter. The business had revenue of $6.14 billion during the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. As a group, research analysts expect that Johnson Controls International plc will post 4.9 EPS for the current year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, June 15th. Johnson Controls International’s dividend payout ratio is currently 28.62%.

Insider Buying and Selling at Johnson Controls International

In other news, VP Todd M. Grabowski sold 1,800 shares of the stock in a transaction 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 sale, the vice president directly owned 26,215 shares in the company, valued at $3,832,633. This represents a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Lei Zhang Schlitz sold 88,809 shares of Johnson Controls International stock in a transaction on Friday, May 8th. The stock was sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the transaction, the vice president directly owned 57,059 shares of the company’s stock, valued at $8,044,748.41. This represents a 60.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.29% of the company’s stock.

Johnson Controls International Company 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.