Bessemer Group Inc. Buys 1,958 Shares of Johnson Controls International plc $JCI

Bessemer Group Inc. increased its stake in Johnson Controls International plc (NYSE:JCI) by 16.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 14,130 shares of the company’s stock after purchasing an additional 1,958 shares during the quarter. Bessemer Group Inc.’s holdings in Johnson Controls International were worth $1,493,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of Johnson Controls International in the 4th quarter valued at about $222,000. Koshinski Asset Management Inc. lifted its stake in Johnson Controls International by 13.8% in the 1st quarter. Koshinski Asset Management Inc. now owns 3,503 shares of the company’s stock valued at $281,000 after purchasing an additional 424 shares during the last quarter. Mather Group LLC. lifted its stake in Johnson Controls International by 9.0% in the 1st quarter. Mather Group LLC. now owns 2,867 shares of the company’s stock valued at $230,000 after purchasing an additional 236 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Johnson Controls International by 9.1% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 79,345 shares of the company’s stock worth $6,356,000 after purchasing an additional 6,647 shares during the period. Finally, Rossby Financial LCC acquired a new position in Johnson Controls International during the first quarter worth approximately $42,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Robert W. Baird raised their price objective on Johnson Controls International from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. JPMorgan Chase & Co. increased their price target on Johnson Controls International from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Johnson Controls International from $124.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Johnson Controls International in a report on Wednesday, October 8th. Finally, Morgan Stanley raised their target price on shares of Johnson Controls International from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Johnson Controls International currently has an average rating of “Moderate Buy” and an average price target of $113.41.

Insider Buying and Selling

In other news, VP Daniel C. Mcconeghy sold 5,917 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total transaction of $625,604.41. Following the transaction, the vice president directly owned 25,005 shares of the company’s stock, valued at approximately $2,643,778.65. This trade represents a 19.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total transaction of $149,395.32. Following the completion of the sale, the vice president owned 139,459 shares of the company’s stock, valued at approximately $14,651,562.54. The trade was a 1.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.54% of the company’s stock.

Johnson Controls International Stock Up 0.7%

JCI stock opened at $114.09 on Friday. Johnson Controls International plc has a fifty-two week low of $68.03 and a fifty-two week high of $116.48. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. The stock has a market capitalization of $74.66 billion, a price-to-earnings ratio of 33.85, a PEG ratio of 1.70 and a beta of 1.33. The business’s fifty day moving average price is $108.49 and its two-hundred day moving average price is $102.52.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.06. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. The company had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.99 billion. On average, equities analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, September 22nd were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.4%. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. Johnson Controls International’s payout ratio is presently 47.48%.

About Johnson Controls International

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.