Concentric Capital Strategies LP purchased a new stake in shares of Johnson Controls International plc (NYSE:JCI – Free Report) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 112,520 shares of the company’s stock, valued at approximately $13,474,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Balyasny Asset Management L.P. lifted its holdings in shares of Johnson Controls International by 93,932.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,809,184 shares of the company’s stock valued at $216,650,000 after purchasing an additional 1,807,260 shares in the last quarter. Boothbay Fund Management LLC lifted its holdings in shares of Johnson Controls International by 76.9% during the fourth quarter. Boothbay Fund Management LLC now owns 108,607 shares of the company’s stock valued at $13,006,000 after purchasing an additional 47,204 shares in the last quarter. DV Equities LLC bought a new position in shares of Johnson Controls International during the fourth quarter valued at $103,000. Abel Hall LLC lifted its holdings in shares of Johnson Controls International by 161.5% during the fourth quarter. Abel Hall LLC now owns 5,620 shares of the company’s stock valued at $673,000 after purchasing an additional 3,471 shares in the last quarter. Finally, EFG International AG bought a new position in shares of Johnson Controls International during the fourth quarter valued at $123,000. 90.05% of the stock is owned by institutional investors.
Insiders Place Their Bets
In related news, VP Todd M. Grabowski sold 1,800 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the completion of the sale, the vice president owned 26,215 shares in the company, valued at approximately $3,832,633. This represents a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Lei Zhang Schlitz sold 88,809 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $140.99, for a total value of $12,521,180.91. Following the sale, the vice president owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. This trade represents a 60.88% decrease in their position. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by corporate insiders.
Johnson Controls International Stock Down 0.9%
Johnson Controls International (NYSE:JCI – Get Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The company had revenue of $6.14 billion during the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. As a group, sell-side analysts predict that Johnson Controls International plc will post 4.89 EPS for the current year.
Johnson Controls International Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Monday, June 15th. Johnson Controls International’s dividend payout ratio is 28.62%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on JCI shares. UBS Group upped their price target on Johnson Controls International from $170.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. The Goldman Sachs Group upped their price target on Johnson Controls International from $169.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Oppenheimer reaffirmed a “market perform” rating on shares of Johnson Controls International in a report on Tuesday, June 2nd. Evercore started coverage on Johnson Controls International in a report on Monday, April 13th. They set a “hold” rating and a $155.00 price target on the stock. Finally, Wall Street Zen raised Johnson Controls International from a “hold” rating to a “buy” rating in a report on Sunday, May 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $152.85.
Read Our Latest Stock Analysis on Johnson Controls International
Johnson Controls International Profile
Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.
Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.
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