Commonwealth Equity Services LLC Acquires 19,270 Shares of Johnson Controls International plc $JCI

Key Points

• Commonwealth Equity Services increased its Johnson Controls stake by 16.3% in the third quarter, buying 19,270 shares to hold 137,752 shares valued at about $20.5 million.
• Johnson Controls beat quarterly expectations, reporting EPS of $1.66 versus $1.59 forecast and revenue of $7.11 billion; revenue rose 10.4% year over year.
• Analysts’ consensus rating is Moderate Buy, with a consensus price target of $166.86; the stock opened at $141.50.

Commonwealth Equity Services LLC lifted its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 16.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 137,752 shares of the company's stock after buying an additional 19,270 shares during the quarter. Commonwealth Equity Services LLC's holdings in Johnson Controls International were worth $20,477,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. 3Chopt Investment Partners LLC raised its holdings in shares of Johnson Controls International by 5.6% during the third quarter. 3Chopt Investment Partners LLC now owns 1,649 shares of the company's stock valued at $246,000 after purchasing an additional 87 shares during the period. Rakuten Investment Management Inc. acquired a new stake in shares of Johnson Controls International in the 3rd quarter valued at about $16,288,000. Provenance Wealth Advisors LLC grew its stake in shares of Johnson Controls International by 523.5% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 2,413 shares of the company's stock valued at $359,000 after buying an additional 2,026 shares during the period. Legacy CG LLC increased its position in Johnson Controls International by 4.7% in the 3rd quarter. Legacy CG LLC now owns 39,287 shares of the company's stock valued at $5,840,000 after buying an additional 1,768 shares in the last quarter. Finally, Integrity Alliance LLC. increased its position in Johnson Controls International by 11.6% in the 3rd quarter. Integrity Alliance LLC. now owns 3,488 shares of the company's stock valued at $519,000 after buying an additional 363 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on JCI. Weiss Ratings raised Johnson Controls International from a "buy (b)" rating to a "buy (a)" rating in a research note on Thursday, October 8th. Mizuho boosted their price target on shares of Johnson Controls International from $150.00 to $165.00 and gave the company a "neutral" rating in a research note on Thursday, October 15th. Wall Street Zen lowered Johnson Controls International from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Johnson Controls International in a research report on Wednesday, October 7th. Finally, Robert W. Baird boosted their target price on Johnson Controls International from $162.00 to $172.00 and gave the company a "neutral" rating in a research note on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $166.86.

Johnson Controls International Stock Performance

NYSE JCI opened at $141.50 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.75 and a current ratio of 0.90. The company has a fifty day moving average of $147.15 and a 200-day moving average of $141.60. Johnson Controls International plc has a 52-week low of $108.41 and a 52-week high of $160.41. The company has a market capitalization of $85.71 billion, a P/E ratio of 27.23, a P/E/G ratio of 1.11 and a beta of 1.27.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.59 by $0.07. Johnson Controls International had a return on equity of 23.38% and a net margin of 11.12%. The firm had revenue of $7.11 billion during the quarter, compared to analysts' expectations of $7.04 billion. During the same period in the prior year, the business earned $1.26 EPS. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, equities research analysts predict that Johnson Controls International plc will post 6.29 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, September 21st were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Monday, September 21st. Johnson Controls International's payout ratio is currently 34.19%.

Insider Activity

In related news, Director Juergen Tinggren sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $159.19, for a total transaction of $636,760.00. Following the completion of the transaction, the director owned 27,236 shares in the company, valued at $4,335,698.84. This represents a 12.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.29% of the company's stock.

Johnson Controls International Profile

Johnson Controls International plc develops building technologies, products and services for commercial, industrial and institutional customers. Its offerings include heating, ventilation and air conditioning (HVAC) equipment, building automation and controls, fire detection and suppression systems, and security solutions. The company also provides maintenance, modernization and other services to help customers manage building operations.

Its products and services support facilities such as offices, hospitals, schools, data centers and manufacturing sites.

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