Broad Peak Investment Advisers Pte Ltd purchased a new stake in shares of Johnson Controls International plc (NYSE:JCI – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,400 shares of the company’s stock, valued at approximately $2,250,000. Johnson Controls International makes up approximately 0.4% of Broad Peak Investment Advisers Pte Ltd’s holdings, making the stock its 20th biggest holding.
Several other hedge funds have also recently bought and sold shares of JCI. Brighton Jones LLC acquired a new stake in Johnson Controls International during the 4th quarter worth about $222,000. Acadian Asset Management LLC acquired a new position in shares of Johnson Controls International in the 1st quarter valued at about $55,000. Sivia Capital Partners LLC lifted its position in shares of Johnson Controls International by 83.3% in the second quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company’s stock worth $745,000 after purchasing an additional 3,203 shares in the last quarter. Jump Financial LLC lifted its position in shares of Johnson Controls International by 3.5% in the second quarter. Jump Financial LLC now owns 12,578 shares of the company’s stock worth $1,328,000 after purchasing an additional 425 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of Johnson Controls International by 120.7% during the second quarter. Federated Hermes Inc. now owns 12,359 shares of the company’s stock worth $1,305,000 after purchasing an additional 6,760 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
JCI has been the subject of a number of research reports. Barclays lifted their target price on shares of Johnson Controls International from $136.00 to $144.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Wall Street Zen downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a research note on Tuesday, June 9th. Royal Bank Of Canada boosted their price target on Johnson Controls International from $154.00 to $161.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Finally, Wells Fargo & Company raised their price objective on shares of Johnson Controls International from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Twelve equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $155.50.
Insider Buying and Selling at Johnson Controls International
In related news, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction on 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 owned 26,215 shares of the company’s stock, valued at $3,832,633. The trade was a 6.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Lei Zhang Schlitz sold 23,417 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total value of $3,584,440.19. Following the completion of the sale, the vice president owned 15,017 shares in the company, valued at $2,298,652.19. This trade represents a 60.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is owned by insiders.
Johnson Controls International Stock Up 1.5%
Shares of JCI stock opened at $153.73 on Friday. The firm has a market cap of $93.12 billion, a PE ratio of 26.74, a price-to-earnings-growth ratio of 1.46 and a beta of 1.31. Johnson Controls International plc has a 12 month low of $103.07 and a 12 month high of $157.06. The stock has a 50 day moving average of $144.91 and a 200-day moving average of $139.75. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61.
Johnson Controls International (NYSE:JCI – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.12. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The business had revenue of $6.61 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter last year, the company earned $1.05 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. On average, equities analysts predict that Johnson Controls International plc will post 5.08 EPS for the current year.
Johnson Controls International Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, June 15th. Johnson Controls International’s dividend payout ratio (DPR) is 27.83%.
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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