Broad Peak Investment Advisers Pte Ltd Takes Position in Johnson Controls International plc $JCI

Broad Peak Investment Advisers Pte Ltd bought a new position in Johnson Controls International plc (NYSE:JCI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,400 shares of the company’s stock, valued at approximately $2,250,000. Johnson Controls International makes up 0.4% of Broad Peak Investment Advisers Pte Ltd’s portfolio, making the stock its 20th biggest holding.

A number of other large investors have also bought and sold shares of JCI. Brighton Jones LLC bought a new position in Johnson Controls International in the 4th quarter valued at $222,000. Acadian Asset Management LLC bought a new stake in shares of Johnson Controls International during the first quarter worth $55,000. Sivia Capital Partners LLC grew its holdings in shares of Johnson Controls International by 83.3% during the second quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company’s stock worth $745,000 after purchasing an additional 3,203 shares during the last quarter. Jump Financial LLC increased its stake in shares of Johnson Controls International by 3.5% in the second quarter. Jump Financial LLC now owns 12,578 shares of the company’s stock valued at $1,328,000 after buying an additional 425 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of Johnson Controls International by 120.7% in the second quarter. Federated Hermes Inc. now owns 12,359 shares of the company’s stock valued at $1,305,000 after buying an additional 6,760 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

JCI has been the subject of a number of research analyst reports. Wolfe Research reaffirmed an “outperform” rating and issued a $171.00 target price on shares of Johnson Controls International in a research note on Wednesday, June 3rd. Wells Fargo & Company increased their price target on Johnson Controls International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Sanford C. Bernstein lifted their price objective on Johnson Controls International from $173.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday. Wall Street Zen downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Oppenheimer reissued a “market perform” rating on shares of Johnson Controls International in a research note on Tuesday, June 2nd. Twelve equities research 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. Based on data from MarketBeat.com, Johnson Controls International presently has a consensus rating of “Hold” and an average target price of $155.50.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Todd M. Grabowski sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the sale, the vice president directly owned 26,215 shares in the company, valued at approximately $3,832,633. This trade represents a 6.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Lei Zhang Schlitz sold 23,417 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the completion of the transaction, the vice president owned 15,017 shares of the company’s stock, valued at $2,298,652.19. This trade represents a 60.93% 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 Stock Performance

JCI stock opened at $153.73 on Friday. Johnson Controls International plc has a 1-year low of $103.07 and a 1-year high of $157.06. The company has a current ratio of 1.00, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61. The firm has a market cap of $93.12 billion, a PE ratio of 26.74, a P/E/G ratio of 1.46 and a beta of 1.31. The business’s 50-day moving average price is $144.91 and its two-hundred day moving average price is $139.75.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results 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. The company had revenue of $6.61 billion during the quarter, compared to the consensus estimate of $6.46 billion. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.The company’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 company earned $1.05 earnings per share. As a group, research analysts forecast that Johnson Controls International plc will post 5.08 earnings per share for the current year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Monday, June 15th. Johnson Controls International’s dividend payout ratio is presently 27.83%.

Johnson Controls International Company Profile

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.