Foguth Wealth Management LLC. Acquires New Holdings in Johnson Controls International plc (NYSE:JCI)

Foguth Wealth Management LLC. acquired a new stake in Johnson Controls International plc (NYSE:JCI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,862 shares of the company’s stock, valued at approximately $252,000.

Other large investors have also recently added to or reduced their stakes in the company. Grimes & Company Inc. purchased a new position in Johnson Controls International in the 1st quarter valued at about $200,000. Hennion & Walsh Asset Management Inc. purchased a new position in Johnson Controls International in the 1st quarter valued at about $212,000. Independence Bank of Kentucky lifted its holdings in Johnson Controls International by 28.8% in the 1st quarter. Independence Bank of Kentucky now owns 1,282 shares of the company’s stock valued at $84,000 after purchasing an additional 287 shares in the last quarter. Financial Management Professionals Inc. lifted its holdings in Johnson Controls International by 21,700.0% in the 1st quarter. Financial Management Professionals Inc. now owns 5,450 shares of the company’s stock valued at $356,000 after purchasing an additional 5,425 shares in the last quarter. Finally, Norway Savings Bank lifted its holdings in Johnson Controls International by 6.0% in the 1st quarter. Norway Savings Bank now owns 11,822 shares of the company’s stock valued at $772,000 after purchasing an additional 665 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Johnson Controls International Stock Down 0.8 %

NYSE:JCI traded down $0.56 during trading hours on Friday, hitting $66.47. The stock had a trading volume of 5,242,277 shares, compared to its average volume of 4,160,633. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $74.23. The business has a 50 day simple moving average of $68.24 and a two-hundred day simple moving average of $62.21. The company has a market cap of $44.78 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 1.72 and a beta of 1.29.

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

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Monday, June 24th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Monday, June 24th. Johnson Controls International’s payout ratio is currently 59.92%.

Insider Transactions at Johnson Controls International

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

Johnson Controls International Company 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.