Hengehold Capital Management LLC Has $4.23 Million Position in Johnson Controls International plc (NYSE:JCI)

by · The Cerbat Gem

Hengehold Capital Management LLC boosted its position in shares of Johnson Controls International plc (NYSE:JCI – Free Report) by 3.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 54,537 shares of the company’s stock after buying an additional 2,015 shares during the quarter. Hengehold Capital Management LLC’s holdings in Johnson Controls International were worth $4,233,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of JCI. Syon Capital LLC bought a new position in Johnson Controls International in the fourth quarter valued at about $209,000. SageView Advisory Group LLC bought a new position in shares of Johnson Controls International in the 4th quarter valued at about $262,000. HighPoint Advisor Group LLC acquired a new stake in shares of Johnson Controls International during the 4th quarter worth approximately $482,000. CWM LLC lifted its holdings in Johnson Controls International by 7.5% in the first quarter. CWM LLC now owns 26,705 shares of the company’s stock valued at $1,744,000 after buying an additional 1,854 shares during the period. Finally, NBC Securities Inc. lifted its holdings in Johnson Controls International by 20.3% in the first quarter. NBC Securities Inc. now owns 10,098 shares of the company’s stock valued at $659,000 after buying an additional 1,706 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $77.12 on Thursday. The company has a fifty day moving average price of $72.73 and a 200 day moving average price of $69.46. The firm has a market cap of $51.52 billion, a PE ratio of 31.96, a PEG ratio of 2.09 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. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $78.23.

Johnson Controls International (NYSE:JCI – Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.06. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The company had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.53 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. Johnson Controls International’s revenue for the quarter was up 1.4% compared to the same quarter last year. Research analysts predict that Johnson Controls International plc will post 3.68 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.92%. Johnson Controls International’s dividend payout ratio (DPR) is presently 61.92%.

Insider Transactions at Johnson Controls International

In related news, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief operating officer now owns 143,488 shares of the company’s stock, valued at approximately $10,438,752. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Nathan D. Manning sold 1,167 shares of the company’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 sale, the chief operating officer now owns 143,488 shares in the company, valued at approximately $10,438,752. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $76.79, for a total value of $8,494,125.85. Following the completion of the transaction, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at approximately $95,507,639.29. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 227,494 shares of company stock valued at $16,997,782 over the last 90 days. 0.69% of the stock is owned by corporate insiders.

Analyst Ratings Changes

JCI has been the subject of several recent research reports. Mizuho upped their target price 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. Oppenheimer upped their price objective on Johnson Controls International from $79.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Wells Fargo & Company raised their target price on Johnson Controls International from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Morgan Stanley assumed coverage on Johnson Controls International in a research note on Friday, September 6th. They issued an “overweight” rating and a $85.00 price target for the company. Finally, Royal Bank of Canada raised shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and lifted their price objective for the stock from $61.00 to $69.00 in a research note on Wednesday, August 14th. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $73.43.

Check Out Our Latest Report on Johnson Controls International

Johnson Controls International Company 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.

Further Reading

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