Marcum Wealth LLC Boosts Holdings in Johnson Controls International plc (NYSE:JCI)

Marcum Wealth LLC raised its position in shares of Johnson Controls International plc (NYSE:JCI) by 20.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,716 shares of the company’s stock after purchasing an additional 624 shares during the quarter. Marcum Wealth LLC’s holdings in Johnson Controls International were worth $247,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the stock. Turtle Creek Wealth Advisors LLC purchased a new position in Johnson Controls International during the 4th quarter worth approximately $25,000. Rise Advisors LLC acquired a new stake in shares of Johnson Controls International in the first quarter valued at approximately $25,000. EdgeRock Capital LLC purchased a new stake in shares of Johnson Controls International during the fourth quarter worth approximately $27,000. Hexagon Capital Partners LLC increased its position in shares of Johnson Controls International by 114.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock valued at $29,000 after buying an additional 268 shares in the last quarter. Finally, DT Investment Partners LLC acquired a new stake in shares of Johnson Controls International during the fourth quarter valued at $41,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $66.01, for a total transaction of $77,033.67. Following the sale, the chief operating officer now owns 104,556 shares in the company, valued at approximately $6,901,741.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 9,342 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president now owns 25,378 shares in the company, valued at approximately $1,662,259. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction on Monday, July 1st. The stock was sold at an average price of $66.01, for a total value of $77,033.67. Following the completion of the sale, the chief operating officer now directly owns 104,556 shares of the company’s stock, valued at approximately $6,901,741.56. The disclosure for this sale can be found here. Insiders sold 12,048 shares of company stock worth $796,710 over the last three months. Insiders own 0.69% of the company’s stock.

Johnson Controls International Trading Down 2.5 %

Shares of NYSE:JCI traded down $1.71 during trading on Monday, reaching $65.71. 6,572,636 shares of the stock were exchanged, compared to its average volume of 5,428,323. The firm’s 50-day moving average price is $69.25 and its 200 day moving average price is $64.46. The firm has a market cap of $43.89 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 1.72 and a beta of 1.28. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.65 and a current ratio of 0.96. Johnson Controls International plc has a 12-month low of $47.90 and a 12-month high of $75.36.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The firm had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.53 billion. During the same quarter last year, the business posted $1.03 EPS. Johnson Controls International’s revenue was up 1.4% on a year-over-year basis. On average, sell-side analysts anticipate that Johnson Controls International plc will post 3.67 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Monday, June 24th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.48 annualized dividend and a yield of 2.25%. Johnson Controls International’s dividend payout ratio (DPR) is presently 59.92%.

Analyst Ratings Changes

Several brokerages have recently commented on JCI. Barclays reduced their target price on Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Robert W. Baird lifted their target price on Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday. Oppenheimer lifted their price objective on Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. The Goldman Sachs Group boosted their price target on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday. Finally, UBS Group downgraded Johnson Controls International from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $74.00 to $68.00 in a research report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Johnson Controls International currently has an average rating of “Hold” and an average target price of $67.69.

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.