PFG Investments LLC Has $1.28 Million Position in Johnson Controls International plc (NYSE:JCI)

PFG Investments LLC trimmed its position in shares of Johnson Controls International plc (NYSE:JCI) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,222 shares of the company’s stock after selling 408 shares during the quarter. PFG Investments LLC’s holdings in Johnson Controls International were worth $1,278,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in JCI. Gilbert & Cook Inc. grew its holdings in Johnson Controls International by 4.9% during the 4th quarter. Gilbert & Cook Inc. now owns 7,115 shares of the company’s stock worth $410,000 after acquiring an additional 334 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Johnson Controls International by 7.6% during the 4th quarter. Private Advisor Group LLC now owns 19,253 shares of the company’s stock worth $1,110,000 after buying an additional 1,362 shares during the period. Principal Securities Inc. bought a new stake in shares of Johnson Controls International in the 4th quarter valued at about $168,000. NBC Securities Inc. increased its stake in shares of Johnson Controls International by 1,575.0% in the fourth quarter. NBC Securities Inc. now owns 8,392 shares of the company’s stock valued at $483,000 after buying an additional 7,891 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Johnson Controls International by 20.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,103,672 shares of the company’s stock worth $294,179,000 after acquiring an additional 853,783 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $68.62 on Tuesday. The firm has a market capitalization of $45.84 billion, a P/E ratio of 27.78, a price-to-earnings-growth ratio of 1.83 and a beta of 1.29. 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’s fifty day simple moving average is $69.10 and its 200 day simple moving average is $67.03. Johnson Controls International plc has a 12 month low of $47.90 and a 12 month high of $75.36.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. The company had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.53 billion. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 EPS. As a group, analysts anticipate that Johnson Controls International plc will post 3.67 EPS for the current year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Monday, June 24th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Monday, June 24th. Johnson Controls International’s payout ratio is 59.92%.

Insider Activity

In related news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total value of $84,899.25. Following the sale, the chief operating officer now owns 143,488 shares of the company’s stock, valued at approximately $10,438,752. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 4,245 shares of company stock valued at $295,442 in the last three months. Company insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on JCI shares. Wells Fargo & Company increased their target price on shares of Johnson Controls International from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Oppenheimer increased their price objective on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. Barclays lowered their target price on Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Robert W. Baird increased their price target on Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, StockNews.com upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Johnson Controls International has a consensus rating of “Hold” and a consensus target price of $69.46.

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.