Birmingham Capital Management Co. Inc. AL Purchases New Shares in Johnson Controls International plc $JCI

Birmingham Capital Management Co. Inc. AL acquired a new stake in shares of Johnson Controls International plc (NYSE:JCI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,005 shares of the company’s stock, valued at approximately $1,462,000.

Several other institutional investors have also recently made changes to their positions in JCI. Brighton Jones LLC purchased a new stake in Johnson Controls International in the 4th quarter valued at about $222,000. Acadian Asset Management LLC purchased a new position in shares of Johnson Controls International in the 1st quarter worth approximately $55,000. Sivia Capital Partners LLC boosted its stake in shares of Johnson Controls International by 83.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company’s stock worth $745,000 after buying an additional 3,203 shares during the last quarter. Jump Financial LLC grew its holdings 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 acquiring an additional 425 shares in the last quarter. Finally, Federated Hermes Inc. grew its holdings 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 acquiring an additional 6,760 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on JCI shares. Morgan Stanley boosted their price objective on Johnson Controls International from $140.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 9th. Royal Bank Of Canada lifted their target price on Johnson Controls International from $154.00 to $161.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. The Goldman Sachs Group boosted their price target on shares of Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Johnson Controls International in a research report on Tuesday, June 9th. Finally, Wells Fargo & Company raised their price objective on shares of Johnson Controls International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Twelve equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $155.50.

Insider Activity at Johnson Controls International

In related 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 value of $263,160.00. Following the completion of the transaction, the vice president directly owned 26,215 shares of the company’s stock, valued at approximately $3,832,633. This trade represents a 6.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Lei Zhang Schlitz sold 23,417 shares of Johnson Controls International 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 represents a 60.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.29% of the company’s stock.

Johnson Controls International Stock Up 1.9%

Shares of NYSE JCI opened at $144.52 on Thursday. Johnson Controls International plc has a one year low of $103.82 and a one year high of $157.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.00 and a quick ratio of 0.83. The business’s fifty day moving average price is $145.10 and its 200-day moving average price is $141.21. The stock has a market capitalization of $87.54 billion, a PE ratio of 25.13, a P/E/G ratio of 1.36 and a beta of 1.31.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.42 earnings per share 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 during the quarter, compared to analyst estimates of $6.46 billion. During the same quarter last year, the firm posted $1.05 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities research analysts anticipate that Johnson Controls International plc will post 5.08 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently announced 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 was Monday, June 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Johnson Controls International’s dividend payout ratio (DPR) 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.