Pointe Capital Management LLC bought a new stake in Johnson Controls International plc (NYSE:JCI – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,564 shares of the company’s stock, valued at approximately $813,000.
A number of other institutional investors have also modified their holdings of JCI. Norges Bank acquired a new stake in Johnson Controls International in the fourth quarter valued at about $927,739,000. Viking Global Investors LP raised its stake in shares of Johnson Controls International by 368.5% during the 3rd quarter. Viking Global Investors LP now owns 6,796,942 shares of the company’s stock worth $747,324,000 after buying an additional 5,346,130 shares in the last quarter. Amundi lifted its holdings in shares of Johnson Controls International by 157.2% in the 1st quarter. Amundi now owns 5,965,212 shares of the company’s stock valued at $781,145,000 after buying an additional 3,646,047 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of 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 buying an additional 2,675,157 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Johnson Controls International by 13.0% in the fourth quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock valued at $1,916,417,000 after buying an additional 1,837,220 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.
Insider Activity
In other news, VP Lei Zhang Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the completion of the sale, the vice president directly owned 15,017 shares in the company, valued at $2,298,652.19. The trade was a 60.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the completion of the transaction, the vice president directly owned 26,215 shares of the company’s stock, valued at approximately $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 owned by company insiders.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on Johnson Controls International
Johnson Controls International Stock Down 0.8%
JCI opened at $141.82 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00. The company has a market cap of $85.91 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 1.38 and a beta of 1.31. Johnson Controls International plc has a one year low of $103.82 and a one year high of $157.06. The business’s fifty day moving average is $145.09 and its two-hundred day moving average is $141.13.
Johnson Controls International (NYSE:JCI – Get Free Report) last posted 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 firm had revenue of $6.61 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same period last year, the firm posted $1.05 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts anticipate that Johnson Controls International plc will post 5.08 EPS 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. 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 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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