Wealthfront Advisers LLC Purchases 6,263 Shares of Johnson Controls International plc $JCI

Wealthfront Advisers LLC increased its position in shares of Johnson Controls International plc (NYSE:JCI) by 9.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,718 shares of the company’s stock after buying an additional 6,263 shares during the period. Wealthfront Advisers LLC’s holdings in Johnson Controls International were worth $9,522,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. State Street Corp lifted its stake in Johnson Controls International by 0.6% in the third quarter. State Street Corp now owns 28,684,645 shares of the company’s stock worth $3,165,286,000 after acquiring an additional 163,167 shares during the period. Franklin Resources Inc. increased its position in Johnson Controls International by 3.3% during the 4th quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock valued at $2,712,949,000 after purchasing an additional 718,245 shares during the period. Fisher Asset Management LLC increased its position in Johnson Controls International by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 17,239,953 shares of the company’s stock valued at $2,064,485,000 after purchasing an additional 280,704 shares during the period. Invesco Ltd. raised its holdings in shares of Johnson Controls International by 13.0% in the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock valued at $1,916,417,000 after purchasing an additional 1,837,220 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Johnson Controls International in the 4th quarter valued at about $927,739,000. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Stock Down 0.6%

Shares of Johnson Controls International stock opened at $140.45 on Friday. The firm’s 50 day moving average price is $141.92 and its 200-day moving average price is $135.28. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64. Johnson Controls International plc has a 52-week low of $102.09 and a 52-week high of $151.18. The company has a market cap of $85.69 billion, a P/E ratio of 25.13, a PEG ratio of 1.51 and a beta of 1.31.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. The firm had revenue of $6.14 billion during the quarter. On average, sell-side analysts predict that Johnson Controls International plc will post 4.9 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Johnson Controls International’s dividend payout ratio is presently 28.62%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on JCI shares. Evercore initiated coverage on shares of Johnson Controls International in a research note on Monday, April 13th. They set a “hold” rating and a $155.00 price objective on the stock. Barclays boosted their price objective on shares of Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. upped their target price on Johnson Controls International from $158.00 to $162.00 in a report on Thursday, May 7th. HSBC increased their target price on Johnson Controls International from $127.00 to $136.00 in a research report on Thursday, May 7th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $171.00 price target on shares of Johnson Controls International in a report on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $152.85.

Insiders Place Their Bets

In other news, VP Todd M. Grabowski sold 1,800 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the completion of the sale, the vice president owned 26,215 shares in the company, valued at approximately $3,832,633. This represents a 6.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $140.99, for a total value of $12,521,180.91. Following the sale, the vice president owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. This represents a 60.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.29% of the company’s stock.

About Johnson Controls International

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.