Magnus Financial Group LLC Acquires New Shares in Johnson Controls International plc (NYSE:JCI)

Magnus Financial Group LLC bought a new position in Johnson Controls International plc (NYSE:JCI) in the third quarter, Holdings Channel.com reports. The institutional investor bought 2,712 shares of the company’s stock, valued at approximately $210,000.

A number of other large investors have also added to or reduced their stakes in the company. Capital World Investors increased its holdings in Johnson Controls International by 85.5% in the 1st quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock worth $923,804,000 after buying an additional 6,520,580 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Johnson Controls International by 686.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock worth $295,487,000 after buying an additional 3,880,146 shares during the period. M&G Plc acquired a new position in Johnson Controls International in the 1st quarter worth approximately $120,948,000. Toronto Dominion Bank grew its stake in shares of Johnson Controls International by 413.5% during the 1st quarter. Toronto Dominion Bank now owns 1,935,465 shares of the company’s stock worth $126,425,000 after purchasing an additional 1,558,560 shares during the period. Finally, DAVENPORT & Co LLC grew its stake in shares of Johnson Controls International by 4,782.9% during the 1st quarter. DAVENPORT & Co LLC now owns 1,254,613 shares of the company’s stock worth $81,798,000 after purchasing an additional 1,228,919 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Johnson Controls International

In other news, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the transaction, the chief executive officer now owns 1,243,751 shares in the company, valued at $90,383,385.17. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the transaction, the chief executive officer now owns 1,243,751 shares in the company, valued at $90,383,385.17. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total value of $84,899.25. Following the transaction, the chief operating officer now owns 143,488 shares in the company, valued at approximately $10,438,752. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 227,494 shares of company stock worth $16,997,782. Corporate insiders own 0.69% of the company’s stock.

Johnson Controls International Trading Down 0.3 %

Shares of JCI stock opened at $76.39 on Thursday. The stock’s fifty day moving average is $72.73 and its two-hundred day moving average is $69.46. 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 firm has a market capitalization of $51.03 billion, a P/E ratio of 31.96, a PEG ratio of 2.09 and a beta of 1.29. Johnson Controls International plc has a fifty-two week low of $47.90 and a fifty-two week high of $78.23.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. The company had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.53 billion. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 EPS. Research 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a yield of 1.94%. Johnson Controls International’s payout ratio is currently 61.92%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on JCI shares. Bank of America raised their price objective on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Robert W. Baird raised their price objective on shares of Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Morgan Stanley started coverage on shares of Johnson Controls International in a research note on Friday, September 6th. They set an “overweight” rating and a $85.00 price objective on the stock. Barclays raised their price objective on shares of Johnson Controls International from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company increased their target price on Johnson Controls International from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $72.50.

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.