Essential Planning LLC. Invests $740,000 in Johnson Controls International plc (NYSE:JCI)

Essential Planning LLC. bought a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 9,410 shares of the company's stock, valued at approximately $740,000.

Several other hedge funds also recently modified their holdings of JCI. Assetmark Inc. boosted its stake in Johnson Controls International by 1.2% in the 3rd quarter. Assetmark Inc. now owns 32,913 shares of the company's stock worth $2,554,000 after buying an additional 400 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Johnson Controls International in the third quarter worth approximately $61,000. Nations Financial Group Inc. IA ADV purchased a new stake in Johnson Controls International in the third quarter valued at approximately $324,000. Apollon Wealth Management LLC increased its position in Johnson Controls International by 21.6% during the third quarter. Apollon Wealth Management LLC now owns 19,977 shares of the company's stock worth $1,550,000 after purchasing an additional 3,554 shares during the last quarter. Finally, Harbour Investments Inc. raised its stake in Johnson Controls International by 12.7% during the third quarter. Harbour Investments Inc. now owns 2,866 shares of the company's stock worth $222,000 after purchasing an additional 322 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 205,168 shares of the company's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the completion of the sale, the chief executive officer now directly owns 1,260,527 shares of the company's stock, valued at approximately $110,964,191.81. This represents a 14.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 148,346 shares in the company, valued at approximately $11,339,568.24. This trade represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 906,050 shares of company stock valued at $77,839,329 in the last three months. 0.54% of the stock is currently owned by corporate insiders.

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Johnson Controls International Price Performance

NYSE JCI traded up $1.81 on Monday, reaching $81.46. 4,057,413 shares of the stock traded hands, compared to its average volume of 4,171,943. Johnson Controls International plc has a 12 month low of $59.83 and a 12 month high of $91.14. The company has a market cap of $53.77 billion, a price-to-earnings ratio of 31.09, a P/E/G ratio of 1.96 and a beta of 1.32. The firm's fifty day simple moving average is $82.41 and its 200 day simple moving average is $79.79. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50.

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

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.82%. Johnson Controls International's dividend payout ratio (DPR) is presently 56.49%.

Analyst Ratings Changes

Several research firms recently commented on JCI. Wells Fargo & Company raised their price target on shares of Johnson Controls International from $92.00 to $98.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Royal Bank of Canada upped their target price on shares of Johnson Controls International from $86.00 to $93.00 and gave the company a "sector perform" rating in a research note on Thursday, February 6th. Morgan Stanley upped their price objective on shares of Johnson Controls International from $95.00 to $105.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Citigroup cut their price target on Johnson Controls International from $85.00 to $84.00 and set a "neutral" rating on the stock in a research note on Monday, January 13th. Finally, Argus raised Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 target price on the stock in a research report on Friday, December 20th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $91.27.

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.