Johnson Controls International plc $JCI Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its stake in shares of Johnson Controls International plc (NYSE:JCIFree Report) by 23.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,175 shares of the company’s stock after buying an additional 11,857 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Johnson Controls International were worth $9,084,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mcguire Capital Advisors Inc. purchased a new position in shares of Johnson Controls International during the 4th quarter worth $27,000. Twin Tree Management LP grew its holdings 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 period. Fourth Dimension Wealth LLC increased its position in Johnson Controls International by 51.3% during the second quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock worth $34,000 after purchasing an additional 78 shares during the last quarter. First Bancorp Inc ME acquired a new stake in Johnson Controls International during the second quarter worth about $34,000. Finally, SJS Investment Consulting Inc. raised its stake in Johnson Controls International by 747.1% during the first quarter. SJS Investment Consulting Inc. now owns 288 shares of the company’s stock worth $38,000 after purchasing an additional 254 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on JCI. Oppenheimer reiterated a “market perform” rating on shares of Johnson Controls International in a report on Tuesday, June 2nd. Royal Bank Of Canada lifted their price target on shares of Johnson Controls International from $154.00 to $161.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Wall Street Zen cut Johnson Controls International from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Wolfe Research reiterated an “outperform” rating and issued a $171.00 price objective on shares of Johnson Controls International in a research report on Wednesday, June 3rd. Finally, Sanford C. Bernstein raised their target price on Johnson Controls International from $173.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Twelve investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $155.75.

View Our Latest Stock Report on JCI

Insiders Place Their Bets

In other news, VP Lei Zhang Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total value of $3,584,440.19. Following the completion of the sale, the vice president directly owned 15,017 shares of the company’s stock, valued at approximately $2,298,652.19. The trade was a 60.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of the business’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 owned 26,215 shares in the company, valued at $3,832,633. This represents 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 corporate insiders.

Johnson Controls International Price Performance

Shares of JCI opened at $139.44 on Thursday. Johnson Controls International plc has a 1-year low of $104.03 and a 1-year high of $157.06. The stock has a market cap of $84.47 billion, a PE ratio of 24.25, a P/E/G ratio of 1.34 and a beta of 1.29. The firm has a 50-day simple moving average of $144.63 and a two-hundred day simple moving average of $141.24. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.00 and a quick ratio of 0.83.

Johnson Controls International (NYSE:JCIGet Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.42 EPS for the quarter, topping 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 revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.05 EPS. As a group, analysts forecast that Johnson Controls International plc will post 5.08 EPS for the current year.

About Johnson Controls International

(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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