CWC Advisors LLC. Makes New Investment in Johnson Controls International plc (NYSE:JCI)

by · The Markets Daily

CWC Advisors LLC. purchased a new position in shares of Johnson Controls International plc (NYSE:JCI – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,488 shares of the company’s stock, valued at approximately $892,000.

Several other hedge funds also recently modified their holdings of JCI. Summit Trail Advisors LLC boosted its position in shares of Johnson Controls International by 4.6% during the second quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock worth $248,000 after purchasing an additional 163 shares in the last quarter. Miracle Mile Advisors LLC lifted its position in Johnson Controls International by 1.0% in the 3rd quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company’s stock valued at $1,320,000 after acquiring an additional 163 shares in the last quarter. Berry Wealth Group LP lifted its position in Johnson Controls International by 0.7% in the 3rd quarter. Berry Wealth Group LP now owns 25,978 shares of the company’s stock valued at $2,016,000 after acquiring an additional 177 shares in the last quarter. Center for Financial Planning Inc. lifted its position in Johnson Controls International by 5.7% in the 2nd quarter. Center for Financial Planning Inc. now owns 3,485 shares of the company’s stock valued at $232,000 after acquiring an additional 187 shares in the last quarter. Finally, Wedmont Private Capital lifted its position in Johnson Controls International by 3.1% in the 2nd quarter. Wedmont Private Capital now owns 6,440 shares of the company’s stock valued at $451,000 after acquiring an additional 192 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on JCI shares. Mizuho boosted their price objective on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Saturday. Morgan Stanley assumed coverage on shares of Johnson Controls International in a research note on Friday, September 6th. They issued an “overweight” rating and a $85.00 price target on the stock. Bank of America lifted their price target on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Oppenheimer lifted their price target on shares of Johnson Controls International from $79.00 to $86.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Twelve analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $73.43.

Get Our Latest Report on Johnson Controls International

Johnson Controls International Stock Down 0.2 %

Shares of JCI opened at $76.74 on Friday. Johnson Controls International plc has a 52 week low of $48.08 and a 52 week high of $78.23. The firm has a market cap of $51.26 billion, a P/E ratio of 32.11, a price-to-earnings-growth ratio of 2.19 and a beta of 1.29. The firm’s 50-day simple moving average is $73.81 and its 200 day simple moving average is $69.93. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.96.

Johnson Controls International (NYSE:JCI – Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, beating 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 business had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same quarter in the prior year, the business earned $1.03 EPS. Johnson Controls International’s quarterly revenue was up 1.4% on a year-over-year basis. On average, analysts forecast that Johnson Controls International plc will post 3.68 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were given a $0.37 dividend. The ex-dividend date was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.93%. Johnson Controls International’s payout ratio is 61.92%.

Insider Activity at Johnson Controls International

In other news, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction on 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 directly owns 143,488 shares in the company, valued at approximately $10,438,752. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the sale, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 227,494 shares of company stock worth $16,999,239. Company insiders own 0.69% of the company’s stock.

Johnson Controls International Profile

(Free Report)

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.

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