9,882 Shares in Johnson Controls International plc (NYSE:JCI) Acquired by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC bought a new position in Johnson Controls International plc (NYSE:JCI) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 9,882 shares of the company’s stock, valued at approximately $570,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JCI. Commonwealth Equity Services LLC lifted its holdings in Johnson Controls International by 7.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 87,502 shares of the company’s stock worth $4,656,000 after purchasing an additional 5,698 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Johnson Controls International by 103.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 62,577 shares of the company’s stock worth $3,330,000 after buying an additional 31,826 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of Johnson Controls International by 4.6% during the third quarter. Stratos Wealth Partners LTD. now owns 6,654 shares of the company’s stock worth $354,000 after buying an additional 293 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of Johnson Controls International by 21.4% during the third quarter. J.W. Cole Advisors Inc. now owns 3,827 shares of the company’s stock worth $204,000 after buying an additional 675 shares during the last quarter. Finally, Brown Advisory Inc. lifted its holdings in shares of Johnson Controls International by 1.4% during the third quarter. Brown Advisory Inc. now owns 17,308 shares of the company’s stock worth $921,000 after buying an additional 231 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Johnson Controls International news, Director Juergen Tinggren sold 4,000 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $62.31, for a total value of $249,240.00. Following the transaction, the director now owns 30,120 shares of the company’s stock, valued at $1,876,777.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Johnson Controls International news, Director Juergen Tinggren sold 4,000 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $62.31, for a total value of $249,240.00. Following the transaction, the director now owns 30,120 shares of the company’s stock, valued at $1,876,777.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Nathan D. Manning sold 3,000 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $62.86, for a total value 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 disclosure for this sale can be found here. Insiders have sold 7,930 shares of company stock valued at $496,328 over the last 90 days. 0.69% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on JCI shares. Royal Bank of Canada cut their price target on Johnson Controls International from $50.00 to $48.00 and set an “underperform” rating for the company in a report on Wednesday, January 31st. Oppenheimer lowered their price objective on Johnson Controls International from $71.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Wells Fargo & Company boosted their price objective on Johnson Controls International from $64.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $60.00 price objective (down from $65.00) on shares of Johnson Controls International in a research report on Wednesday, January 31st. Finally, Mizuho cut Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 price objective on the stock. in a research report on Friday, February 23rd. One 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $63.75.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $64.46 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.65 and a current ratio of 0.87. The firm has a market cap of $43.43 billion, a P/E ratio of 26.10, a P/E/G ratio of 1.59 and a beta of 1.23. The business’s fifty day moving average is $63.51 and its two-hundred day moving average is $57.51. Johnson Controls International plc has a 52 week low of $47.90 and a 52 week high of $70.43.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.51 billion. Johnson Controls International had a return on equity of 13.21% and a net margin of 6.32%. The business’s revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Equities research analysts forecast that Johnson Controls International plc will post 3.61 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Monday, March 25th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Friday, March 22nd. Johnson Controls International’s dividend payout ratio (DPR) is presently 59.92%.

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.