VCI Wealth Management LLC Buys New Stake in Johnson Controls International plc $JCI

VCI Wealth Management LLC purchased a new position in shares of Johnson Controls International plc (NYSE:JCI) during the 3rd quarter, HoldingsChannel reports. The firm purchased 32,900 shares of the company’s stock, valued at approximately $4,891,000. Johnson Controls International accounts for about 1.2% of VCI Wealth Management LLC’s holdings, making the stock its 20th largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Gerber Kawasaki Wealth & Investment Management boosted its holdings in Johnson Controls International by 17.7% in the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,992 shares of the company’s stock worth $296,000 after purchasing an additional 300 shares in the last quarter. Signature Equity Partners LLC increased its position in Johnson Controls International by 96.2% during the third quarter. Signature Equity Partners LLC now owns 206 shares of the company’s stock worth $31,000 after buying an additional 101 shares during the last quarter. Kuhn & Co Investment Counsel bought a new position in Johnson Controls International during the third quarter valued at about $212,000. TSG Advice Partners LLC bought a new position in Johnson Controls International during the third quarter valued at about $506,000. Finally, Woodmont Investment Counsel LLC raised its holdings in Johnson Controls International by 20.3% during the third quarter. Woodmont Investment Counsel LLC now owns 2,047 shares of the company’s stock valued at $304,000 after buying an additional 345 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling

In other Johnson Controls International news, Director Juergen Tinggren sold 4,000 shares of the stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $159.19, for a total value of $636,760.00. Following the completion of the sale, the director directly owned 27,236 shares of the company’s stock, valued at $4,335,698.84. This represents a 12.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is currently owned by insiders.

Johnson Controls International Trading Down 2.0%

Johnson Controls International stock opened at $146.12 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.83 and a current ratio of 0.90. The business’s 50-day simple moving average is $147.42 and its 200-day simple moving average is $140.96. The firm has a market capitalization of $88.51 billion, a PE ratio of 31.22, a PEG ratio of 1.13 and a beta of 1.27. Johnson Controls International plc has a 52 week low of $108.41 and a 52 week high of $160.41.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Tuesday, October 27th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.07. Johnson Controls International had a return on equity of 23.38% and a net margin of 11.12%. The firm had revenue of $7.11 billion during the quarter, compared to the consensus estimate of $7.04 billion. During the same quarter in the prior year, the company earned $1.26 EPS. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. Equities research analysts forecast that Johnson Controls International plc will post 6.29 earnings per share for the current year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, September 21st were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, September 21st. Johnson Controls International’s dividend payout ratio is presently 34.19%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on JCI. Zacks Research lowered Johnson Controls International from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Morgan Stanley upped their target price on Johnson Controls International from $175.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 2nd. Wall Street Zen cut Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. BNP Paribas Exane increased their price target on Johnson Controls International from $130.00 to $145.00 and gave the company an “underperform” rating in a report on Wednesday, October 28th. Finally, UBS Group reissued a “buy” rating on shares of Johnson Controls International in a research report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $166.86.

Johnson Controls International Company Profile

Johnson Controls International plc (NYSE:JCI) is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.