Resona Asset Management Co. Ltd. Has $19.71 Million Stock Position in Johnson Controls International plc $JCI

Resona Asset Management Co. Ltd. lowered its stake in Johnson Controls International plc (NYSE:JCIFree Report) by 7.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 164,553 shares of the company’s stock after selling 14,108 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Johnson Controls International were worth $19,705,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in JCI. Brighton Jones LLC acquired a new position in shares of Johnson Controls International in the 4th quarter valued at $222,000. Acadian Asset Management LLC acquired a new position in shares of Johnson Controls International in the 1st quarter valued at $55,000. Sivia Capital Partners LLC raised its stake in Johnson Controls International by 83.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company’s stock worth $745,000 after buying an additional 3,203 shares during the period. Jump Financial LLC raised its stake in Johnson Controls International by 3.5% during the 2nd quarter. Jump Financial LLC now owns 12,578 shares of the company’s stock worth $1,328,000 after buying an additional 425 shares during the period. Finally, Federated Hermes Inc. raised its stake in Johnson Controls International by 120.7% during the 2nd quarter. Federated Hermes Inc. now owns 12,359 shares of the company’s stock worth $1,305,000 after buying an additional 6,760 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on JCI. UBS Group raised their price objective on Johnson Controls International from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Evercore began coverage on Johnson Controls International in a research note on Monday, April 13th. They set a “hold” rating and a $155.00 price objective on the stock. Wolfe Research dropped their price objective on Johnson Controls International from $161.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 8th. Rothschild & Co Redburn raised their price objective on Johnson Controls International from $137.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Finally, Mizuho raised their price objective on Johnson Controls International from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $147.63.

Check Out Our Latest Analysis on Johnson Controls International

Johnson Controls International Price Performance

JCI stock opened at $135.32 on Wednesday. The stock has a 50-day moving average price of $137.46 and a two-hundred day moving average price of $127.86. The stock has a market cap of $82.56 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 1.51 and a beta of 1.37. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. Johnson Controls International plc has a 1 year low of $96.01 and a 1 year high of $147.32.

Johnson Controls International (NYSE:JCIGet Free Report) last released its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) 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%. Equities analysts forecast that Johnson Controls International plc will post 4.87 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Monday, March 16th were issued a $0.40 dividend. The ex-dividend date was Monday, March 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. Johnson Controls International’s dividend payout ratio (DPR) is presently 28.62%.

Insider Activity

In other news, VP Lei Zhang Schlitz sold 88,809 shares of the firm’s 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 transaction, the vice president owned 57,059 shares in the company, valued at $8,044,748.41. This trade represents a 60.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Daniel C. Mcconeghy sold 3,600 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $142.56, for a total value of $513,216.00. Following the completion of the transaction, the vice president owned 24,273 shares of the company’s stock, valued at $3,460,358.88. The trade was a 12.92% 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.

Johnson Controls International Company 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.

Further Reading

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

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