Great Lakes Advisors LLC bought a new stake in Johnson Controls International plc (NYSE:JCI – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 8,577 shares of the company’s stock, valued at approximately $1,253,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JCI. Mcguire Capital Advisors Inc. purchased a new position in Johnson Controls International in the fourth quarter valued at $27,000. Twin Tree Management LP boosted its stake in shares of Johnson Controls International by 140.9% during the 4th quarter. Twin Tree Management LP now owns 260 shares of the company’s stock worth $31,000 after acquiring an additional 895 shares in the last quarter. Fourth Dimension Wealth LLC boosted its stake in shares of Johnson Controls International by 51.3% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock worth $34,000 after acquiring an additional 78 shares in the last quarter. SJS Investment Consulting Inc. grew its position in shares of Johnson Controls International by 747.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 288 shares of the company’s stock valued at $38,000 after acquiring an additional 254 shares during the period. Finally, Axiom Investment Management LLC acquired a new stake in shares of Johnson Controls International during the 2nd quarter valued at about $41,000. Institutional investors and hedge funds own 90.05% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the company. Citigroup upped their price target on Johnson Controls International from $155.00 to $157.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Wells Fargo & Company raised their price objective on Johnson Controls International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Wolfe Research restated an “outperform” rating and issued a $171.00 price objective on shares of Johnson Controls International in a research report on Wednesday, June 3rd. Wall Street Zen downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Sanford C. Bernstein increased their target price on Johnson Controls International from $173.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Twelve investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $155.50.
Johnson Controls International Trading Up 0.1%
Shares of Johnson Controls International stock opened at $143.32 on Friday. The firm has a market capitalization of $86.81 billion, a PE ratio of 24.93, a P/E/G ratio of 1.38 and a beta of 1.31. Johnson Controls International plc has a twelve month low of $103.82 and a twelve month high of $157.06. The firm’s 50-day moving average price is $145.22 and its 200 day moving average price is $140.78. The company has a current ratio of 1.00, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61.
Johnson Controls International (NYSE:JCI – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.12. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.The company had revenue of $6.61 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the previous year, the firm posted $1.05 EPS. Johnson Controls International’s revenue was up 9.3% compared to the same quarter last year. On average, sell-side 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 declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Johnson Controls International’s payout ratio is currently 27.83%.
Insider Buying and Selling
In related news, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction 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. The trade was a 6.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Lei Zhang Schlitz sold 23,417 shares of the stock in a transaction on Tuesday, August 4th. The shares were 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 directly owned 15,017 shares of the company’s stock, valued at approximately $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.29% of the company’s stock.
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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