Cornerstone Advisory LLC Purchases New Shares in Johnson Controls International plc (NYSE:JCI)

Cornerstone Advisory LLC acquired a new stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,123 shares of the company's stock, valued at approximately $246,000.

Several other large investors have also made changes to their positions in the company. Compass Financial Services Inc acquired a new position in shares of Johnson Controls International in the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. purchased a new stake in Johnson Controls International during the fourth quarter worth approximately $29,000. Crowley Wealth Management Inc. acquired a new stake in shares of Johnson Controls International in the fourth quarter worth $42,000. Synergy Asset Management LLC acquired a new position in shares of Johnson Controls International during the 4th quarter valued at $42,000. Finally, Gables Capital Management Inc. boosted its position in Johnson Controls International by 132.0% during the 4th quarter. Gables Capital Management Inc. now owns 580 shares of the company's stock worth $46,000 after purchasing an additional 330 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on JCI. Barclays boosted their price objective on Johnson Controls International from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. lifted their target price on Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Royal Bank of Canada increased their price target on Johnson Controls International from $82.00 to $98.00 and gave the company a "sector perform" rating in a report on Thursday, May 8th. Citigroup dropped their price objective on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, UBS Group reaffirmed a "buy" rating and issued a $116.00 target price (up from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $96.12.

Johnson Controls International Stock Up 0.2%

Shares of NYSE:JCI traded up $0.17 during trading on Wednesday, reaching $101.19. 1,505,484 shares of the company traded hands, compared to its average volume of 4,275,757. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The firm has a market cap of $66.59 billion, a P/E ratio of 38.63, a price-to-earnings-growth ratio of 1.96 and a beta of 1.28. The firm has a fifty day simple moving average of $84.76 and a 200 day simple moving average of $83.25. Johnson Controls International plc has a 1-year low of $64.31 and a 1-year high of $101.53.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.05. The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.64 billion. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The company's quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.78 earnings per share. Analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Monday, March 24th. Johnson Controls International's dividend payout ratio (DPR) is 39.47%.

Insider Activity at Johnson Controls International

In related news, Director George Oliver sold 15,669 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $77.49, for a total transaction of $1,214,190.81. Following the sale, the director now owns 1,003,893 shares of the company's stock, valued at approximately $77,791,668.57. This trade represents a 1.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of Johnson Controls International stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $90.92, for a total value of $2,572,035.88. Following the transaction, the chief financial officer now owns 147,673 shares in the company, valued at $13,426,429.16. This trade represents a 16.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 331,133 shares of company stock worth $27,845,646 over the last ninety days. Company insiders own 0.54% 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.