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

Northwestern Mutual Wealth Management Co. lifted its stake in shares of Johnson Controls International plc (NYSE:JCI) by 23.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,175 shares of the company’s stock after acquiring an additional 11,857 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Johnson Controls International were worth $9,084,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Johnson Controls International during the 4th quarter worth $927,739,000. Viking Global Investors LP raised its position in Johnson Controls International by 368.5% in the 3rd quarter. Viking Global Investors LP now owns 6,796,942 shares of the company’s stock valued at $747,324,000 after purchasing an additional 5,346,130 shares in the last quarter. Amundi boosted its stake in shares of Johnson Controls International by 157.2% in the 1st quarter. Amundi now owns 5,965,212 shares of the company’s stock valued at $781,145,000 after buying an additional 3,646,047 shares during the period. Ameriprise Financial Inc. grew its position in shares of Johnson Controls International by 140.8% during the second quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock worth $483,281,000 after buying an additional 2,675,157 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Johnson Controls International by 13.0% during the fourth quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock worth $1,916,417,000 after buying an additional 1,837,220 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

JCI has been the topic of several analyst reports. HSBC raised their target price on shares of Johnson Controls International from $127.00 to $136.00 in a report on Thursday, May 7th. UBS Group restated a “buy” rating on shares of Johnson Controls International in a report on Thursday, July 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a research report on Tuesday, June 9th. Morgan Stanley lifted their price objective on shares of Johnson Controls International from $175.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Wolfe Research reissued an “outperform” rating and issued a $171.00 target price on shares of Johnson Controls International in a report on Wednesday, June 3rd. Twelve 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $155.75.

Johnson Controls International Price Performance

JCI stock opened at $139.44 on Thursday. The business has a 50 day moving average price of $144.63 and a 200 day moving average price of $141.24. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61. The stock has a market cap of $84.47 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 1.34 and a beta of 1.29. Johnson Controls International plc has a fifty-two week low of $104.03 and a fifty-two week high of $157.06.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.12. The company had revenue of $6.61 billion for the quarter, compared to analysts’ expectations of $6.46 billion. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the company earned $1.05 earnings per share. Equities research analysts anticipate that Johnson Controls International plc will post 5.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 23,417 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total value of $3,584,440.19. Following the completion of the transaction, the vice president owned 15,017 shares in the company, valued at $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total value of $263,160.00. Following the transaction, the vice president directly owned 26,215 shares in the company, valued at approximately $3,832,633. The trade was a 6.43% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.29% of the company’s stock.

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.