Massmutual Trust Co. FSB ADV Purchases 374 Shares of Johnson Controls International plc (NYSE:JCI)

Massmutual Trust Co. FSB ADV lifted its position in Johnson Controls International plc (NYSE:JCI) by 25.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,864 shares of the company’s stock after purchasing an additional 374 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Johnson Controls International were worth $124,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Johnson Controls International by 17.3% during the 4th quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock worth $4,114,756,000 after acquiring an additional 10,522,009 shares during the last quarter. Franklin Resources Inc. lifted its position in Johnson Controls International by 1.9% during the 4th quarter. Franklin Resources Inc. now owns 16,419,338 shares of the company’s stock valued at $946,411,000 after purchasing an additional 305,798 shares during the period. Capital World Investors lifted its position in Johnson Controls International by 85.5% during the 1st quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock valued at $923,804,000 after purchasing an additional 6,520,580 shares during the period. Fisher Asset Management LLC lifted its position in Johnson Controls International by 4.8% during the 4th quarter. Fisher Asset Management LLC now owns 13,528,240 shares of the company’s stock valued at $779,768,000 after purchasing an additional 618,120 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Johnson Controls International by 95.9% during the 1st quarter. Bank of New York Mellon Corp now owns 12,760,120 shares of the company’s stock valued at $833,491,000 after purchasing an additional 6,247,250 shares during the period. Institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wells Fargo & Company upped their target price on shares of Johnson Controls International from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Citigroup increased their price target on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. StockNews.com upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Friday. Oppenheimer increased their target price 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. Finally, Barclays decreased their price target on shares of Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Johnson Controls International presently has an average rating of “Hold” and an average price target of $67.69.

Johnson Controls International Stock Performance

Johnson Controls International stock traded up $0.99 during mid-day trading on Tuesday, hitting $66.70. 3,284,446 shares of the company’s stock traded hands, compared to its average volume of 5,416,888. The firm has a 50 day simple moving average of $69.08 and a two-hundred day simple moving average of $64.55. Johnson Controls International plc has a fifty-two week low of $47.90 and a fifty-two week high of $75.36. The stock has a market cap of $44.93 billion, a price-to-earnings ratio of 26.60, a P/E/G ratio of 1.72 and a beta of 1.28. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.65.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter last year, the firm posted $1.03 EPS. The company’s quarterly revenue was up 1.4% on a year-over-year basis. On average, research analysts expect that Johnson Controls International plc will post 3.67 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

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

Insider Transactions at Johnson Controls International

In other news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $70.71, for a total transaction of $82,518.57. Following the completion of the sale, the chief operating officer now owns 103,866 shares of the company’s stock, valued at $7,344,364.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Daniel C. Mcconeghy sold 9,342 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $65.50, for a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $70.71, for a total value of $82,518.57. Following the completion of the transaction, the chief operating officer now owns 103,866 shares in the company, valued at approximately $7,344,364.86. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,234 shares of company stock valued at $808,912. 0.69% of the stock is currently owned by corporate 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.