Saturna Capital Corp lessened its holdings in Johnson Controls International plc (NYSE:JCI – Free Report) by 1.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,604,438 shares of the company’s stock after selling 27,255 shares during the quarter. Johnson Controls International accounts for 4.8% of Saturna Capital Corp’s investment portfolio, making the stock its 9th biggest position. Saturna Capital Corp’s holdings in Johnson Controls International were worth $341,051,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in JCI. Clear Trail Advisors LLC bought a new stake in Johnson Controls International in the 4th quarter worth $5,104,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Johnson Controls International by 14.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 112,411 shares of the company’s stock worth $13,461,000 after purchasing an additional 14,446 shares during the period. Diversified Management Inc. purchased a new stake in shares of Johnson Controls International during the fourth quarter worth about $1,310,000. Vista Investment Partners LLC bought a new stake in shares of Johnson Controls International in the fourth quarter worth about $4,202,000. Finally, Abacus Wealth Partners LLC purchased a new position in Johnson Controls International during the 4th quarter valued at about $1,233,000. 90.05% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research analysts have commented on JCI shares. JPMorgan Chase & Co. upped their price target on Johnson Controls International from $158.00 to $162.00 in a research report on Thursday, May 7th. Morgan Stanley boosted their target price on Johnson Controls International from $140.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, June 9th. Mizuho upped their target price on Johnson Controls International from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Jefferies Financial Group raised their price target on Johnson Controls International from $125.00 to $135.00 and gave the stock a “hold” rating in a research note on Wednesday, April 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Johnson Controls International in a research report on Tuesday, June 9th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Johnson Controls International presently has a consensus rating of “Moderate Buy” and an average target price of $152.85.
Insiders Place Their Bets
In related news, VP Lei Zhang Schlitz sold 88,809 shares of Johnson Controls International stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $140.99, for a total value of $12,521,180.91. Following the completion of the sale, the vice president directly owned 57,059 shares in the company, valued at approximately $8,044,748.41. This trade represents a 60.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Todd M. Grabowski sold 1,800 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the transaction, the vice president owned 26,215 shares in the company, valued at $3,832,633. This represents a 6.43% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is currently owned by company insiders.
Johnson Controls International Trading Up 1.6%
Johnson Controls International stock opened at $141.64 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The business’s fifty day simple moving average is $141.89 and its two-hundred day simple moving average is $135.66. Johnson Controls International plc has a 12 month low of $102.09 and a 12 month high of $151.18. The company has a market capitalization of $86.42 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 1.49 and a beta of 1.31.
Johnson Controls International (NYSE:JCI – Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share for the quarter. The firm 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, equities analysts predict that Johnson Controls International plc will post 4.9 earnings per share for the current fiscal year.
Johnson Controls International Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.60 annualized dividend and a yield of 1.1%. Johnson Controls International’s payout ratio is 28.62%.
About Johnson Controls International
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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