Peregrine Asset Advisers Inc. Takes Position in Johnson Controls International plc (NYSE:JCI)

Peregrine Asset Advisers Inc. acquired a new position in shares of Johnson Controls International plc (NYSE:JCI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,847 shares of the company’s stock, valued at approximately $655,000.

Other large investors also recently made changes to their positions in the company. Gilbert & Cook Inc. raised its position in shares of Johnson Controls International by 4.9% during the fourth quarter. Gilbert & Cook Inc. now owns 7,115 shares of the company’s stock worth $410,000 after purchasing an additional 334 shares during the period. Level Four Advisory Services LLC grew its holdings in shares of Johnson Controls International by 52.6% during the fourth quarter. Level Four Advisory Services LLC now owns 15,593 shares of the company’s stock valued at $899,000 after buying an additional 5,374 shares during the last quarter. Norges Bank bought a new stake in shares of Johnson Controls International during the fourth quarter worth about $316,400,000. UBS Group AG raised its holdings in shares of Johnson Controls International by 24.7% in the 4th quarter. UBS Group AG now owns 2,165,568 shares of the company’s stock worth $124,823,000 after acquiring an additional 429,025 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Johnson Controls International by 121.3% during the 4th quarter. Wells Fargo & Company MN now owns 3,494,653 shares of the company’s stock worth $201,432,000 after purchasing an additional 1,915,699 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $72.51 on Tuesday. The stock has a market cap of $48.85 billion, a price-to-earnings ratio of 29.36, a PEG ratio of 1.87 and a beta of 1.29. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.46. The business has a 50-day simple moving average of $69.57 and a 200 day simple moving average of $67.47. Johnson Controls International plc has a 52 week low of $47.90 and a 52 week high of $75.36.

Johnson Controls International (NYSE:JCI) 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 net margin of 6.02% and a return on equity of 13.64%. The company had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.53 billion. During the same period in the prior year, the business 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. On average, research analysts forecast that Johnson Controls International plc will post 3.67 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is presently 59.92%.

Analyst Upgrades and Downgrades

JCI has been the topic of several recent analyst reports. StockNews.com upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. The Goldman Sachs Group increased their price target on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Barclays reduced their price objective on Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Royal Bank of Canada raised shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and boosted their price target for the stock from $61.00 to $69.00 in a report on Wednesday, August 14th. Finally, Morgan Stanley initiated coverage on shares of Johnson Controls International in a report on Friday, September 6th. They set an “overweight” rating and a $85.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $70.21.

Insider Buying and Selling

In related news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International 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 transaction, the chief operating officer now directly owns 143,488 shares of the company’s stock, valued at $10,438,752. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 4,245 shares of company stock worth $295,442 in the last ninety days. 0.69% of the stock is owned by insiders.

About Johnson Controls International

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.