Resona Asset Management Co. Ltd. Has $20.53 Million Stock Holdings in Johnson Controls International plc $JCI

Resona Asset Management Co. Ltd. decreased its stake in shares of Johnson Controls International plc (NYSE:JCIFree Report) by 10.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 140,490 shares of the company’s stock after selling 16,262 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Johnson Controls International were worth $20,527,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mcguire Capital Advisors Inc. acquired a new stake in Johnson Controls International during the fourth quarter worth approximately $27,000. Twin Tree Management LP grew its position in shares of Johnson Controls International by 140.9% in the fourth quarter. Twin Tree Management LP now owns 260 shares of the company’s stock valued at $31,000 after purchasing an additional 895 shares during the last quarter. SJS Investment Consulting Inc. grew its position in shares of Johnson Controls International by 747.1% in the first quarter. SJS Investment Consulting Inc. now owns 288 shares of the company’s stock valued at $38,000 after purchasing an additional 254 shares during the last quarter. Elevation Wealth Partners LLC increased its stake in shares of Johnson Controls International by 359.5% during the second quarter. Elevation Wealth Partners LLC now owns 363 shares of the company’s stock worth $53,000 after purchasing an additional 284 shares during the period. Finally, Webster Bank N. A. bought a new position in shares of Johnson Controls International during the first quarter worth approximately $50,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on JCI. Zacks Research cut Johnson Controls International from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Wolfe Research reaffirmed an “outperform” rating and issued a $171.00 price objective on shares of Johnson Controls International in a report on Wednesday, June 3rd. Sanford C. Bernstein assumed coverage on Johnson Controls International in a research report on Tuesday, June 9th. They set an “outperform” rating and a $176.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on Johnson Controls International from $158.00 to $162.00 in a report on Thursday, May 7th. Finally, Robert W. Baird lifted their target price on Johnson Controls International from $132.00 to $148.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $154.80.

View Our Latest Report on Johnson Controls International

Johnson Controls International Trading Down 0.9%

JCI opened at $151.47 on Friday. The stock has a market capitalization of $91.75 billion, a price-to-earnings ratio of 26.34, a P/E/G ratio of 1.47 and a beta of 1.31. 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 plc has a twelve month low of $103.07 and a twelve month high of $157.06. The company has a 50-day simple moving average of $144.71 and a 200 day simple moving average of $139.65.

Johnson Controls International (NYSE:JCIGet Free Report) last released its earnings results on Thursday, July 30th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.30 by $0.12. The firm had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.46 billion. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the firm earned $1.05 EPS. Analysts predict that Johnson Controls International plc will post 5.08 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 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 of this dividend was Monday, June 15th. Johnson Controls International’s dividend payout ratio (DPR) is 27.83%.

Insider Buying and Selling

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 23,417 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was 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. This represents a 60.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Todd M. Grabowski sold 1,800 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total value of $263,160.00. Following the completion of the sale, the vice president directly owned 26,215 shares in the company, valued at approximately $3,832,633. This represents a 6.43% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.29% of the company’s stock.

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.

Further Reading

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

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