Nicolet Advisory Services LLC Invests $203,000 in Johnson Controls International plc (NYSE:JCI)

Nicolet Advisory Services LLC acquired a new position in shares of Johnson Controls International plc (NYSE:JCIGet Rating) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,497 shares of the company’s stock, valued at approximately $203,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Northwest Investment Counselors LLC acquired a new position in shares of Johnson Controls International during the fourth quarter worth approximately $25,000. Blue Bell Private Wealth Management LLC acquired a new position in shares of Johnson Controls International during the fourth quarter worth approximately $26,000. Addison Advisors LLC acquired a new position in shares of Johnson Controls International during the fourth quarter worth approximately $28,000. Elmwood Wealth Management Inc. acquired a new stake in Johnson Controls International in the fourth quarter worth approximately $32,000. Finally, Bell Investment Advisors Inc acquired a new stake in Johnson Controls International in the third quarter worth approximately $30,000. Institutional investors and hedge funds own 88.89% of the company’s stock.

NYSE:JCI traded down $1.63 during trading hours on Friday, hitting $59.87. 6,824,140 shares of the stock traded hands, compared to its average volume of 3,713,982. The firm has a 50 day moving average price of $63.80 and a 200 day moving average price of $71.18. The company has a current ratio of 1.04, a quick ratio of 0.79 and a debt-to-equity ratio of 0.40. Johnson Controls International plc has a fifty-two week low of $59.55 and a fifty-two week high of $81.77. The firm has a market cap of $42.08 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 2.33 and a beta of 1.16.

Johnson Controls International (NYSE:JCIGet Rating) last announced its earnings results on Wednesday, February 2nd. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. Johnson Controls International had a net margin of 6.48% and a return on equity of 10.58%. The company had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.79 billion. During the same period in the previous year, the business earned $0.43 EPS. The company’s revenue was up 9.8% on a year-over-year basis. Research analysts predict that Johnson Controls International plc will post 3.27 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 14th. Shareholders of record on Monday, March 21st were paid a dividend of $0.35 per share. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Friday, March 18th. Johnson Controls International’s payout ratio is 63.64%.

A number of research firms have weighed in on JCI. Morgan Stanley cut their target price on Johnson Controls International from $84.00 to $82.00 and set an “overweight” rating for the company in a research report on Thursday, April 7th. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Tuesday, March 29th. Barclays cut their target price on Johnson Controls International from $86.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, April 4th. Credit Suisse Group cut their target price on Johnson Controls International from $89.00 to $86.00 and set an “outperform” rating for the company in a research report on Thursday, February 3rd. Finally, Wells Fargo & Company cut their price objective on Johnson Controls International from $91.00 to $83.00 in a research report on Thursday, February 3rd. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Johnson Controls International has a consensus rating of “Buy” and a consensus target price of $80.50.

In other news, VP Robert M. Vanhimbergen sold 5,683 shares of the company’s stock in a transaction on Friday, February 25th. The shares were sold at an average price of $64.44, for a total value of $366,212.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Robert M. Vanhimbergen sold 8,573 shares of the company’s stock in a transaction on Thursday, February 3rd. The stock was sold at an average price of $69.63, for a total transaction of $596,937.99. The disclosure for this sale can be found here. 0.76% of the stock is owned by insiders.

About Johnson Controls International (Get Rating)

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.

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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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