Sei Investments Co. Raises Position in Johnson Controls International plc $JCI

Sei Investments Co. increased its stake in Johnson Controls International plc (NYSE:JCIFree Report) by 30.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,065,880 shares of the company’s stock after purchasing an additional 250,479 shares during the quarter. Sei Investments Co.’s holdings in Johnson Controls International were worth $139,578,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of JCI. Brighton Jones LLC bought a new position in Johnson Controls International in the fourth quarter worth $222,000. Acadian Asset Management LLC purchased a new stake in Johnson Controls International in the first quarter worth about $55,000. Sivia Capital Partners LLC increased its stake in shares of Johnson Controls International by 83.3% during the second quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company’s stock valued at $745,000 after purchasing an additional 3,203 shares in the last quarter. Jump Financial LLC increased its stake in shares of Johnson Controls International by 3.5% during the second quarter. Jump Financial LLC now owns 12,578 shares of the company’s stock valued at $1,328,000 after purchasing an additional 425 shares in the last quarter. Finally, Federated Hermes Inc. lifted 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 valued at $1,305,000 after purchasing an additional 6,760 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In other Johnson Controls International 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 value of $12,521,180.91. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction 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. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is owned by insiders.

Johnson Controls International Trading Up 0.6%

JCI stock opened at $143.38 on Friday. Johnson Controls International plc has a 1-year low of $102.09 and a 1-year high of $151.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.85. The company has a market capitalization of $87.48 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 1.53 and a beta of 1.31. The business has a 50 day simple moving average of $141.84 and a two-hundred day simple moving average of $135.97.

Johnson Controls International (NYSE:JCIGet Free Report) last issued 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 for the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. Research analysts anticipate that Johnson Controls International plc will post 4.9 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a 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%.

Analysts Set New Price Targets

JCI has been the topic of a number of analyst reports. HSBC boosted their price target on Johnson Controls International from $127.00 to $136.00 in a research report on Thursday, May 7th. Wall Street Zen upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Sunday, May 3rd. Jefferies Financial Group boosted their target price on Johnson Controls International from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, April 15th. Robert W. Baird raised their price target on Johnson Controls International from $132.00 to $148.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Finally, Citigroup increased their target price on Johnson Controls International from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Johnson Controls International currently has a consensus rating of “Moderate Buy” and an average target price of $152.85.

Get Our Latest Research Report on Johnson Controls International

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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