4,235 Shares in Johnson Controls International plc $JCI Bought by Parvin Asset Management LLC

Parvin Asset Management LLC purchased a new stake in Johnson Controls International plc (NYSE:JCIFree Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,235 shares of the company’s stock, valued at approximately $619,000.

Several other hedge funds have also recently bought and sold shares of the company. State Street Corp increased its position in shares of Johnson Controls International by 0.6% in the third quarter. State Street Corp now owns 28,684,645 shares of the company’s stock valued at $3,165,286,000 after buying an additional 163,167 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Johnson Controls International by 3.3% in the fourth quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock valued at $2,712,949,000 after buying an additional 718,245 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Johnson Controls International by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 17,239,953 shares of the company’s stock worth $2,064,485,000 after purchasing an additional 280,704 shares during the period. Invesco Ltd. lifted its position in Johnson Controls International by 13.0% during the fourth quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock worth $1,916,417,000 after buying an additional 1,837,220 shares during the period. Finally, Norges Bank acquired a new stake in shares of Johnson Controls International in the fourth quarter worth approximately $927,739,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 23,417 shares of the firm’s stock in a transaction dated 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 in the company, valued at $2,298,652.19. This trade represents a 60.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International 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 transaction, the vice president 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 disclosure for this sale is available in the SEC filing. Company insiders own 0.29% of the company’s stock.

Johnson Controls International Stock Up 1.9%

Shares of JCI stock opened at $144.52 on Thursday. 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 business’s fifty day moving average is $145.10 and its 200-day moving average is $141.21. Johnson Controls International plc has a 1 year low of $103.82 and a 1 year high of $157.06. The stock has a market cap of $87.54 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 1.36 and a beta of 1.31.

Johnson Controls International (NYSE:JCIGet Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $6.61 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the prior year, the company earned $1.05 EPS. Johnson Controls International’s revenue was up 9.3% on a year-over-year basis. Equities analysts expect that Johnson Controls International plc will post 5.08 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were given a $0.40 dividend. The ex-dividend date 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 dividend payout ratio (DPR) is 27.83%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JCI. Weiss Ratings reissued a “buy (b)” rating on shares of Johnson Controls International in a research report on Tuesday, June 9th. JPMorgan Chase & Co. lifted their price target on shares of Johnson Controls International from $158.00 to $162.00 in a research note on Thursday, May 7th. UBS Group restated a “buy” rating on shares of Johnson Controls International in a report on Thursday, July 30th. Mizuho boosted their target price on shares of Johnson Controls International from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, HSBC upped their price target on Johnson Controls International from $127.00 to $136.00 in a research report on Thursday, May 7th. Twelve 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. Based on data from MarketBeat, Johnson Controls International presently has a consensus rating of “Hold” and a consensus target price of $155.50.

Check Out Our Latest Stock Analysis on JCI

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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