Harvest Fund Management Co. Ltd Takes $39,000 Position in Johnson Controls International PLC (NYSE:JCI)

Harvest Fund Management Co. Ltd purchased a new stake in shares of Johnson Controls International PLC (NYSE:JCI) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 940 shares of the company’s stock, valued at approximately $39,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JCI. Nuveen Asset Management LLC grew its position in shares of Johnson Controls International by 13,437.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 3,103,696 shares of the company’s stock valued at $128,213,000 after purchasing an additional 3,080,769 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Johnson Controls International by 254.1% during the 2nd quarter. Prudential Financial Inc. now owns 3,988,710 shares of the company’s stock valued at $164,774,000 after purchasing an additional 2,862,413 shares in the last quarter. National Pension Service purchased a new position in Johnson Controls International in the second quarter worth $45,311,000. American Century Companies Inc. grew its position in Johnson Controls International by 12.5% in the first quarter. American Century Companies Inc. now owns 9,214,815 shares of the company’s stock worth $340,395,000 after acquiring an additional 1,024,248 shares in the last quarter. Finally, APG Asset Management N.V. grew its position in Johnson Controls International by 61.5% in the second quarter. APG Asset Management N.V. now owns 2,056,848 shares of the company’s stock worth $74,612,000 after acquiring an additional 783,200 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

NYSE:JCI traded down $0.42 during midday trading on Tuesday, hitting $43.47. The company had a trading volume of 86,568 shares, compared to its average volume of 4,172,103. Johnson Controls International PLC has a 52-week low of $28.30 and a 52-week high of $44.65. The stock’s fifty day moving average price is $42.92 and its 200-day moving average price is $40.03. The company has a market capitalization of $34.75 billion, a PE ratio of 15.36, a P/E/G ratio of 2.32 and a beta of 0.93. The company has a quick ratio of 1.19, a current ratio of 1.41 and a debt-to-equity ratio of 0.32.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. The business had revenue of $6.45 billion during the quarter, compared to the consensus estimate of $6.33 billion. Johnson Controls International had a net margin of 22.38% and a return on equity of 9.02%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.81 earnings per share. As a group, research analysts forecast that Johnson Controls International PLC will post 1.95 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 16th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.39%. The ex-dividend date is Friday, September 13th. Johnson Controls International’s dividend payout ratio is presently 36.75%.

Several research analysts recently issued reports on JCI shares. Citigroup started coverage on shares of Johnson Controls International in a research report on Wednesday, June 5th. They issued a “buy” rating and a $45.00 target price for the company. Zacks Investment Research upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Monday, July 1st. JPMorgan Chase & Co. upgraded shares of Johnson Controls International from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $31.00 to $35.00 in a research report on Monday, July 8th. ValuEngine lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Barclays started coverage on shares of Johnson Controls International in a research report on Wednesday, June 12th. They issued an “equal weight” rating and a $39.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $39.22.

In other Johnson Controls International news, insider Rodney M. Rushing sold 13,908 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $42.88, for a total value of $596,375.04. Following the completion of the sale, the insider now directly owns 16,767 shares of the company’s stock, valued at $718,968.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Oliver sold 11,196 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $42.26, for a total transaction of $473,142.96. Following the completion of the sale, the chief executive officer now directly owns 881,753 shares of the company’s stock, valued at $37,262,881.78. The disclosure for this sale can be found here. Insiders sold 144,952 shares of company stock valued at $6,272,540 over the last three months. 0.50% of the stock is currently owned by insiders.

Johnson Controls International Profile

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.

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

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