Heartland Bank & Trust Co bought a new position in Johnson Controls International plc (NYSE:JCI – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund bought 8,905 shares of the company’s stock, valued at approximately $1,301,000.
A number of other large investors have also made changes to their positions in the company. Abacus Wealth Partners LLC purchased a new position in shares of Johnson Controls International in the fourth quarter worth approximately $1,233,000. North Dakota State Investment Board purchased a new stake in Johnson Controls International during the fourth quarter valued at approximately $2,712,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Johnson Controls International during the fourth quarter valued at approximately $16,426,000. Catalyst Funds Management Pty Ltd raised its position in Johnson Controls International by 536.4% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 21,000 shares of the company’s stock worth $2,515,000 after acquiring an additional 17,700 shares during the period. Finally, ABN Amro Investment Solutions bought a new position in Johnson Controls International in the first quarter worth approximately $8,863,000. 90.05% of the stock is currently owned by institutional investors.
Insider Transactions at Johnson Controls International
In other news, VP Lei Zhang Schlitz sold 23,417 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total value of $3,584,440.19. Following the completion of the transaction, the vice president owned 15,017 shares of the company’s stock, valued at $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of the 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 owned 26,215 shares of the company’s stock, valued at $3,832,633. This represents a 6.43% decrease in their position. The SEC filing for this sale provides additional information. 0.29% of the stock is owned by company insiders.
Johnson Controls International Stock Performance
Johnson Controls International (NYSE:JCI – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.42 EPS 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 firm had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same period last year, the firm earned $1.05 EPS. The company’s revenue was up 9.3% on a year-over-year basis. Equities analysts forecast that Johnson Controls International plc will post 5.08 earnings per share for the current fiscal year.
Johnson Controls International Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Monday, June 15th. Johnson Controls International’s dividend payout ratio is presently 27.83%.
Wall Street Analyst Weigh In
JCI has been the subject of a number of recent research reports. Sanford C. Bernstein boosted their price objective on shares of Johnson Controls International from $173.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Mizuho raised their target price on Johnson Controls International from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Morgan Stanley lifted their target price on Johnson Controls International from $140.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, June 9th. The Goldman Sachs Group boosted 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. Finally, Robert W. Baird upped their price target on Johnson Controls International from $132.00 to $148.00 and gave the stock a “neutral” rating in a research report on Monday, April 27th. Twelve investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $155.50.
Check Out Our Latest Stock Analysis on JCI
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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