39,975 Shares in Johnson Controls International plc $JCI Purchased by Van ECK Associates Corp

Van ECK Associates Corp purchased a new position in shares of Johnson Controls International plc (NYSE:JCI) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 39,975 shares of the company’s stock, valued at approximately $5,841,000.

Several other institutional investors and hedge funds have also recently modified their holdings of JCI. Brighton Jones LLC acquired a new position in Johnson Controls International in the 4th quarter valued at about $222,000. Acadian Asset Management LLC acquired a new stake in shares of Johnson Controls International during the 1st quarter worth $55,000. Sivia Capital Partners LLC increased its holdings in Johnson Controls International by 83.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company’s stock valued at $745,000 after buying an additional 3,203 shares during the period. Jump Financial LLC increased its stake in 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 during the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of Johnson Controls International by 120.7% in the 2nd quarter. Federated Hermes Inc. now owns 12,359 shares of the company’s stock valued at $1,305,000 after purchasing an additional 6,760 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Stock Up 0.1%

JCI opened at $139.44 on Thursday. The company has a market cap of $84.47 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 1.34 and a beta of 1.29. Johnson Controls International plc has a 12 month low of $104.03 and a 12 month 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 company has a 50 day moving average of $144.63 and a 200 day moving average of $141.24.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $6.46 billion. During the same period in the previous year, the company posted $1.05 EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, sell-side analysts expect that Johnson Controls International plc will post 5.08 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on JCI shares. 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 report on Thursday, July 30th. Barclays lifted their price objective on Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Sanford C. Bernstein increased their price target on Johnson Controls International from $173.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Zacks Research downgraded shares of Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Finally, Wall Street Zen lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Twelve research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $155.75.

Insider Activity

In related news, VP Todd M. Grabowski sold 1,800 shares of the stock in a transaction 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 transaction, the vice president 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Lei Zhang Schlitz sold 23,417 shares of the company’s stock in a transaction dated 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 sale, the vice president 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 disclosure for this sale is available in the SEC filing. 0.29% of the stock is currently owned by corporate insiders.

About Johnson Controls International

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.