McGlone Suttner Wealth Management Inc. Makes New Investment in Johnson Controls International plc (NYSE:JCI)

McGlone Suttner Wealth Management Inc. bought a new position in Johnson Controls International plc (NYSE:JCI) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 3,121 shares of the company’s stock, valued at approximately $242,000.

Other hedge funds have also made changes to their positions in the company. M&G Plc purchased a new stake in shares of Johnson Controls International in the 1st quarter worth $120,948,000. Vanguard Group Inc. lifted its stake in shares of Johnson Controls International by 17.3% during the 4th quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock worth $4,114,756,000 after purchasing an additional 10,522,009 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Johnson Controls International by 470.9% during the 1st quarter. Cetera Investment Advisers now owns 157,980 shares of the company’s stock worth $10,319,000 after purchasing an additional 130,308 shares during the last quarter. First Hawaiian Bank lifted its stake in shares of Johnson Controls International by 24.7% during the 1st quarter. First Hawaiian Bank now owns 68,432 shares of the company’s stock worth $4,470,000 after purchasing an additional 13,547 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Johnson Controls International by 3.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 398,174 shares of the company’s stock worth $26,009,000 after purchasing an additional 13,373 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on JCI. Wells Fargo & Company upped their price objective on Johnson Controls International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Morgan Stanley began coverage on Johnson Controls International in a research note on Friday, September 6th. They set an “overweight” rating and a $85.00 price objective for the company. Bank of America upped their price objective on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Robert W. Baird upped their target price on Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, The Goldman Sachs Group boosted their price target on Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Twelve research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Johnson Controls International has a consensus rating of “Hold” and a consensus target price of $72.50.

Johnson Controls International Stock Up 0.9 %

JCI stock opened at $77.61 on Monday. The firm’s fifty day simple moving average is $72.08 and its 200-day simple moving average is $69.25. The company has a market capitalization of $51.84 billion, a P/E ratio of 32.47, a price-to-earnings-growth ratio of 2.07 and a beta of 1.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73. Johnson Controls International plc has a 12 month low of $47.90 and a 12 month high of $78.23.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $7.23 billion for the quarter, compared to the consensus estimate of $7.53 billion. During the same period in the prior year, the firm posted $1.03 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, equities research analysts forecast that Johnson Controls International plc will post 3.68 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, September 25th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is presently 61.92%.

Insider Buying and Selling

In other Johnson Controls International news, 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 transaction of $8,038,392.05. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Johnson Controls International news, 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 transaction of $8,038,392.05. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total transaction of $231,240.00. Following the transaction, the chief operating officer now owns 140,488 shares of the company’s stock, valued at $10,828,815.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 116,879 shares of company stock valued at $8,503,656. Corporate insiders own 0.69% of the company’s stock.

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.