3,308 Shares in Johnson Controls International plc (NYSE:JCI) Acquired by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. purchased a new stake in shares of Johnson Controls International plc (NYSE:JCI) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,308 shares of the company’s stock, valued at approximately $220,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in Johnson Controls International during the first quarter worth about $25,000. EdgeRock Capital LLC acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at approximately $27,000. Hexagon Capital Partners LLC boosted its stake in shares of Johnson Controls International by 114.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock valued at $29,000 after buying an additional 268 shares during the period. Continuum Advisory LLC increased its stake in Johnson Controls International by 65.2% during the 2nd 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. Finally, Friedenthal Financial bought a new stake in shares of Johnson Controls International during the 2nd quarter valued at $47,000. 90.05% of the stock is owned by institutional investors.

Insider Activity

In related news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $70.71, for a total transaction of $82,518.57. Following the sale, the chief operating officer now directly owns 103,866 shares in the company, valued at $7,344,364.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 2,892 shares of company stock valued at $197,011 over the last three months. Corporate insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on JCI shares. Robert W. Baird upped their price objective 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. UBS Group downgraded Johnson Controls International from a “buy” rating to a “neutral” rating and reduced their target price for the company from $74.00 to $68.00 in a report on Monday, May 6th. The Goldman Sachs Group increased their target price on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Wells Fargo & Company lifted their price target on shares of Johnson Controls International from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada raised shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and increased their price objective for the company from $61.00 to $69.00 in a research note on Wednesday, August 14th. Eleven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $68.31.

Johnson Controls International Trading Up 2.5 %

NYSE JCI opened at $72.85 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $68.64 and a 200 day simple moving average of $66.23. Johnson Controls International plc has a 12 month low of $47.90 and a 12 month high of $75.36. The firm has a market capitalization of $48.66 billion, a P/E ratio of 29.49, a PEG ratio of 1.93 and a beta of 1.28.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $7.53 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts predict that Johnson Controls International plc will post 3.67 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Monday, June 24th were paid a $0.37 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.03%. Johnson Controls International’s payout ratio is presently 59.92%.

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.