Friedenthal Financial Takes $47,000 Position in Johnson Controls International plc (NYSE:JCI)

Friedenthal Financial acquired a new position in shares of Johnson Controls International plc (NYSE:JCI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 708 shares of the company’s stock, valued at approximately $47,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JCI. Rise Advisors LLC acquired a new position in Johnson Controls International during the 1st quarter worth $25,000. EdgeRock Capital LLC acquired a new position in shares of Johnson Controls International during the fourth quarter valued at $27,000. Hexagon Capital Partners LLC raised its stake in shares of Johnson Controls International by 114.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock valued at $29,000 after purchasing an additional 268 shares in the last quarter. Centerpoint Advisors LLC lifted its holdings in Johnson Controls International by 126.8% in the first quarter. Centerpoint Advisors LLC now owns 737 shares of the company’s stock worth $48,000 after purchasing an additional 412 shares during the period. Finally, DT Investment Partners LLC bought a new position in Johnson Controls International in the 4th quarter valued at about $41,000. 90.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on JCI shares. UBS Group downgraded shares of Johnson Controls International from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $74.00 to $68.00 in a research report on Monday, May 6th. The Goldman Sachs Group boosted their target price on Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Barclays decreased their price target on Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Royal Bank of Canada raised Johnson Controls International from an “underperform” rating to a “sector perform” rating and boosted their price objective for the stock from $61.00 to $69.00 in a research note on Wednesday. Finally, Robert W. Baird upped their price objective on Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $68.31.

Insider Buying and Selling

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $70.71, for a total transaction of $82,518.57. Following the transaction, the chief operating officer now owns 103,866 shares of the company’s stock, valued at approximately $7,344,364.86. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 2,892 shares of company stock valued at $197,011. Corporate insiders own 0.69% of the company’s stock.

Johnson Controls International Price Performance

NYSE JCI opened at $67.82 on Wednesday. Johnson Controls International plc has a 1 year low of $47.90 and a 1 year high of $75.36. The stock’s 50-day moving average price is $68.53 and its two-hundred day moving average price is $65.04. The company has a market cap of $45.30 billion, a PE ratio of 27.46, a PEG ratio of 1.83 and a beta of 1.28. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.08 by $0.06. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The business had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. On average, analysts predict that Johnson Controls International plc will post 3.67 EPS for the current year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Monday, June 24th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.18%. The ex-dividend date was Monday, June 24th. Johnson Controls International’s payout ratio is 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.