First Trust Direct Indexing L.P. Purchases 913 Shares of Johnson Controls International plc (NYSE:JCI)

First Trust Direct Indexing L.P. lifted its position in shares of Johnson Controls International plc (NYSE:JCI) by 4.2% in the third quarter, HoldingsChannel reports. The fund owned 22,832 shares of the company’s stock after buying an additional 913 shares during the period. First Trust Direct Indexing L.P.’s holdings in Johnson Controls International were worth $1,772,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Summit Trail Advisors LLC grew its stake in shares of Johnson Controls International by 4.6% during the second quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock worth $248,000 after purchasing an additional 163 shares during the period. Miracle Mile Advisors LLC grew its stake in shares of Johnson Controls International by 1.0% during the third quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company’s stock worth $1,320,000 after purchasing an additional 163 shares during the period. Berry Wealth Group LP grew its stake in shares of Johnson Controls International by 0.7% during the third quarter. Berry Wealth Group LP now owns 25,978 shares of the company’s stock worth $2,016,000 after purchasing an additional 177 shares during the period. Center for Financial Planning Inc. grew its stake in shares of Johnson Controls International by 5.7% during the second quarter. Center for Financial Planning Inc. now owns 3,485 shares of the company’s stock worth $232,000 after purchasing an additional 187 shares during the period. Finally, Wedmont Private Capital grew its stake in shares of Johnson Controls International by 3.1% during the second quarter. Wedmont Private Capital now owns 6,440 shares of the company’s stock worth $451,000 after purchasing an additional 192 shares during the period. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

JCI opened at $75.55 on Friday. Johnson Controls International plc has a 52-week low of $48.53 and a 52-week high of $78.23. The firm has a market capitalization of $50.47 billion, a PE ratio of 31.61, a PEG ratio of 2.18 and a beta of 1.29. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.96. The business’s 50-day simple moving average is $74.45 and its 200 day simple moving average is $70.32.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $7.53 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. Johnson Controls International’s revenue was up 1.4% on a year-over-year basis. As a group, sell-side analysts expect that Johnson Controls International plc will post 3.68 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 annualized dividend and a yield of 1.96%. Johnson Controls International’s payout ratio is presently 61.92%.

Analysts Set New Price Targets

A number of research firms have issued reports on JCI. Oppenheimer boosted their target price on Johnson Controls International from $79.00 to $86.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Morgan Stanley began coverage on Johnson Controls International in a research note on Friday, September 6th. They issued an “overweight” rating and a $85.00 target price for the company. Royal Bank of Canada raised Johnson Controls International from an “underperform” rating to a “sector perform” rating and boosted their target price for the company from $61.00 to $69.00 in a research note on Wednesday, August 14th. Wells Fargo & Company boosted their target price on Johnson Controls International from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Finally, Bank of America boosted their target price on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Johnson Controls International currently has an average rating of “Hold” and an average target price of $73.43.

Insider Buying and Selling

In related news, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at approximately $95,507,639.29. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total value of $8,494,125.85. Following the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at $95,507,639.29. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total value of $84,899.25. Following the completion of the sale, the chief operating officer now owns 143,488 shares in the company, valued at $10,438,752. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 226,327 shares of company stock worth $16,916,720. Corporate insiders own 0.69% of the company’s stock.

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.