Millstone Evans Group LLC Takes $282,000 Position in Johnson Controls International plc (NYSE:JCI)

Millstone Evans Group LLC acquired a new stake in Johnson Controls International plc (NYSE:JCI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,577 shares of the company’s stock, valued at approximately $282,000.

A number of other hedge funds also recently made changes to their positions in the business. Gilbert & Cook Inc. lifted its position in shares of Johnson Controls International by 2.0% in the fourth quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company’s stock valued at $510,000 after buying an additional 127 shares during the last quarter. Jackson Hole Capital Partners LLC lifted its position in shares of Johnson Controls International by 0.7% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company’s stock valued at $1,470,000 after buying an additional 127 shares during the last quarter. Graypoint LLC lifted its position in shares of Johnson Controls International by 4.1% in the fourth quarter. Graypoint LLC now owns 3,277 shares of the company’s stock valued at $259,000 after buying an additional 130 shares during the last quarter. ST Germain D J Co. Inc. lifted its position in shares of Johnson Controls International by 32.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after buying an additional 134 shares during the last quarter. Finally, Brooklyn Investment Group lifted its position in shares of Johnson Controls International by 3.1% in the fourth quarter. Brooklyn Investment Group now owns 4,444 shares of the company’s stock valued at $351,000 after buying an additional 135 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JCI has been the subject of a number of recent analyst reports. Melius Research reaffirmed a “hold” rating and issued a $95.00 price objective on shares of Johnson Controls International in a research report on Tuesday, January 28th. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a report on Friday, December 20th. Royal Bank of Canada lifted their price target on Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Morgan Stanley lifted their price target on Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. lifted their price target on Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Johnson Controls International has an average rating of “Moderate Buy” and an average price target of $91.27.

Insider Activity

In related news, VP Nathan D. Manning sold 1,421 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total transaction of $108,621.24. Following the sale, the vice president now owns 148,346 shares in the company, valued at $11,339,568.24. The trade was a 0.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $87.73, for a total value of $171,073.50. Following the sale, the vice president now owns 24,803 shares in the company, valued at $2,175,967.19. This represents a 7.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 905,864 shares of company stock worth $77,824,710. Insiders own 0.54% of the company’s stock.

Johnson Controls International Trading Down 0.6 %

Shares of JCI opened at $82.64 on Friday. Johnson Controls International plc has a 52-week low of $59.83 and a 52-week high of $91.14. The business’s fifty day moving average is $82.70 and its 200-day moving average is $80.04. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The firm has a market cap of $54.55 billion, a price-to-earnings ratio of 31.54, a PEG ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. Equities analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be paid a $0.37 dividend. The ex-dividend date is Monday, March 24th. This represents a $1.48 annualized dividend and a dividend yield of 1.79%. Johnson Controls International’s payout ratio is 56.49%.

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.