MBB Public Markets I LLC Acquires Shares of 49,675 Johnson Controls International plc (NYSE:JCI)

MBB Public Markets I LLC acquired a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 49,675 shares of the company's stock, valued at approximately $3,302,000.

A number of other large investors have also bought and sold shares of the business. Electron Capital Partners LLC boosted its stake in Johnson Controls International by 81.3% in the 2nd quarter. Electron Capital Partners LLC now owns 1,432,335 shares of the company's stock worth $95,207,000 after purchasing an additional 642,315 shares during the period. APG Asset Management N.V. boosted its position in shares of Johnson Controls International by 201.7% during the second quarter. APG Asset Management N.V. now owns 84,666 shares of the company's stock worth $5,251,000 after buying an additional 56,600 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Johnson Controls International during the second quarter worth about $1,719,000. Point72 Asset Management L.P. raised its position in Johnson Controls International by 263.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,341,919 shares of the company's stock valued at $89,197,000 after buying an additional 973,145 shares during the last quarter. Finally, Insigneo Advisory Services LLC lifted its stake in Johnson Controls International by 7.8% in the 2nd quarter. Insigneo Advisory Services LLC now owns 5,368 shares of the company's stock valued at $353,000 after acquiring an additional 387 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

Insider Transactions at Johnson Controls International

In related news, CEO George Oliver sold 110,615 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $90,383,385.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $70.71, for a total value of $82,518.57. Following the completion of the transaction, the chief operating officer now directly owns 103,866 shares of the company's stock, valued at approximately $7,344,364.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Oliver sold 110,615 shares of the company's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the sale, the chief executive officer now owns 1,243,751 shares of the company's stock, valued at $90,383,385.17. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 115,046 shares of company stock valued at $8,347,562. 0.69% of the stock is currently owned by corporate insiders.

Johnson Controls International Price Performance

NYSE:JCI opened at $77.21 on Friday. The firm's fifty day moving average price is $70.55 and its two-hundred day moving average price is $68.26. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73. The company has a market cap of $51.58 billion, a P/E ratio of 31.26, a P/E/G ratio of 1.99 and a beta of 1.29. Johnson Controls International plc has a one year low of $47.90 and a one year high of $77.71.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share 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 firm had revenue of $7.23 billion for the quarter, compared to analysts' expectations of $7.53 billion. During the same period in the prior year, the firm earned $1.03 EPS. The business's revenue was up 1.4% on a year-over-year basis. Equities analysts expect that Johnson Controls International plc will post 3.67 earnings per share for the current 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 given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.92%. The ex-dividend date is Wednesday, September 25th. Johnson Controls International's payout ratio is 59.92%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Barclays decreased their price target on shares of 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. Bank of America lifted their price target on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a "buy" rating in a research note on Friday. Robert W. Baird increased 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. Royal Bank of Canada raised Johnson Controls International from an "underperform" rating to a "sector perform" rating and lifted their target price for the company from $61.00 to $69.00 in a research report on Wednesday, August 14th. Finally, The Goldman Sachs Group increased their price target on Johnson Controls International from $73.00 to $81.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Johnson Controls International presently has an average rating of "Hold" and an average target price of $71.29.

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.