Lido Advisors LLC Boosts Stock Holdings in Johnson Controls International plc $JCI

Lido Advisors LLC raised its position in shares of Johnson Controls International plc (NYSE:JCIFree Report) by 19.7% in the first quarter, Holdings Channel.com reports. The fund owned 29,990 shares of the company’s stock after acquiring an additional 4,930 shares during the quarter. Lido Advisors LLC’s holdings in Johnson Controls International were worth $3,937,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Johnson Controls International in the fourth quarter worth approximately $927,739,000. Viking Global Investors LP raised its stake in Johnson Controls International by 368.5% in the 3rd quarter. Viking Global Investors LP now owns 6,796,942 shares of the company’s stock valued at $747,324,000 after purchasing an additional 5,346,130 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Johnson Controls International by 140.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock valued at $483,281,000 after purchasing an additional 2,675,157 shares during the last quarter. Invesco Ltd. lifted its holdings in Johnson Controls International by 13.0% in the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock valued at $1,916,417,000 after purchasing an additional 1,837,220 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in Johnson Controls International by 93,932.4% in the 4th 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. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling at Johnson Controls International

In other news, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the completion of the transaction, the vice president directly owned 57,059 shares in the company, valued at approximately $8,044,748.41. This represents a 60.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total value of $263,160.00. Following the sale, the vice president directly owned 26,215 shares of the company’s stock, valued at $3,832,633. The trade was a 6.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group upped their target price on shares of Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. JPMorgan Chase & Co. raised their price target on shares of Johnson Controls International from $158.00 to $162.00 in a research note on Thursday, May 7th. UBS Group boosted their price target on shares of Johnson Controls International from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Sanford C. Bernstein began coverage on shares of Johnson Controls International in a research note on Tuesday, June 9th. They set an “outperform” rating and a $176.00 price objective for the company. Finally, Morgan Stanley increased their price objective on shares of Johnson Controls International from $140.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, June 9th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $152.85.

Read Our Latest Research Report on JCI

Johnson Controls International Stock Up 0.0%

Shares of NYSE JCI opened at $143.35 on Friday. The company has a 50 day simple moving average of $141.84 and a 200-day simple moving average of $136.02. The company has a market capitalization of $87.46 billion, a P/E ratio of 25.64, a P/E/G ratio of 1.54 and a beta of 1.31. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.85. Johnson Controls International plc has a 1 year low of $102.09 and a 1 year high of $151.18.

Johnson Controls International (NYSE:JCIGet Free Report) last released its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The firm had revenue of $6.14 billion for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. On average, equities research analysts predict that Johnson Controls International plc will post 4.9 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, June 15th. Johnson Controls International’s dividend payout ratio is 28.62%.

Johnson Controls International Profile

(Free Report)

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.

See Also

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

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