Hengehold Capital Management LLC Invests $3.39 Million in Johnson Controls International plc (NYSE:JCI)

Hengehold Capital Management LLC purchased a new position in Johnson Controls International plc (NYSE:JCI) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 51,833 shares of the company’s stock, valued at approximately $3,386,000.

Other hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Johnson Controls International by 3.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 47,277 shares of the company’s stock worth $3,088,000 after buying an additional 1,432 shares during the period. Sunbelt Securities Inc. boosted its stake in shares of Johnson Controls International by 57.4% during the first quarter. Sunbelt Securities Inc. now owns 3,244 shares of the company’s stock valued at $212,000 after purchasing an additional 1,183 shares during the period. Kingswood Wealth Advisors LLC increased its position in shares of Johnson Controls International by 19.7% in the first quarter. Kingswood Wealth Advisors LLC now owns 11,382 shares of the company’s stock valued at $743,000 after acquiring an additional 1,876 shares during the period. Mcdonald Partners LLC bought a new stake in shares of Johnson Controls International in the 1st quarter worth approximately $710,000. Finally, First Financial Corp IN purchased a new position in Johnson Controls International during the 1st quarter valued at $154,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Down 0.3 %

Shares of Johnson Controls International stock traded down $0.22 during trading on Friday, reaching $66.81. The company’s stock had a trading volume of 1,784,072 shares, compared to its average volume of 5,514,417. The company has a 50-day simple moving average of $68.12 and a two-hundred day simple moving average of $62.04. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $74.23. The company has a market cap of $45.01 billion, a price-to-earnings ratio of 27.14, a P/E/G ratio of 1.69 and a beta of 1.29. The company has a quick ratio of 0.65, a current ratio of 0.87 and a debt-to-equity ratio of 0.44.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.51 billion. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The business’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the company posted $0.75 earnings per share. As a group, equities analysts forecast that Johnson Controls International plc will post 3.59 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Monday, June 24th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Monday, June 24th. Johnson Controls International’s dividend payout ratio is presently 59.92%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Wells Fargo & Company increased their target price on Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Citigroup raised their price objective on shares of Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Barclays lifted their price objective on Johnson Controls International from $59.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, June 21st. Oppenheimer increased their target price on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, UBS Group downgraded shares of Johnson Controls International from a “buy” rating to a “neutral” rating and lowered their price target for the company from $74.00 to $68.00 in a report on Monday, May 6th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Johnson Controls International presently has an average rating of “Hold” and an average price target of $63.82.

Insider Transactions at Johnson Controls International

In related news, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $62.86, for a total value of $188,580.00. Following the sale, the chief operating officer now owns 106,891 shares in the company, valued at $6,719,168.26. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $62.86, for a total value of $188,580.00. Following the sale, the chief operating officer now owns 106,891 shares in the company, valued at approximately $6,719,168.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Daniel C. Mcconeghy sold 9,342 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $65.50, for a total transaction of $611,901.00. Following the completion of the transaction, the vice president now owns 25,378 shares of the company’s stock, valued at $1,662,259. The disclosure for this sale can be found here. Insiders sold a total of 16,900 shares of company stock worth $1,085,145 over the last three months. 0.69% of the stock is currently owned by insiders.

Johnson Controls International Profile

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.