Saudi Central Bank Boosts Holdings in Johnson Controls International plc $JCI

Saudi Central Bank boosted its stake in Johnson Controls International plc (NYSE:JCI) by 89.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,845 shares of the company’s stock after buying an additional 20,253 shares during the period. Saudi Central Bank’s holdings in Johnson Controls International were worth $6,260,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Abacus Wealth Partners LLC bought a new stake in Johnson Controls International during the fourth quarter worth about $1,233,000. North Dakota State Investment Board purchased a new position in shares of Johnson Controls International during the fourth quarter valued at approximately $2,712,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Johnson Controls International during the fourth quarter valued at approximately $16,426,000. Rokos Capital Management LLP bought a new stake in shares of Johnson Controls International in the 1st quarter worth approximately $45,833,000. Finally, Catalyst Funds Management Pty Ltd boosted its position in shares of Johnson Controls International by 536.4% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 21,000 shares of the company’s stock worth $2,515,000 after purchasing an additional 17,700 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

JCI has been the subject of a number of analyst reports. Royal Bank Of Canada raised their price objective on Johnson Controls International from $154.00 to $161.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Citigroup raised their price target on Johnson Controls International from $155.00 to $157.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Sanford C. Bernstein upped their price target on shares of Johnson Controls International from $173.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. The Goldman Sachs Group increased their price objective on shares of Johnson Controls International from $169.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Finally, Argus set a $175.00 target price on shares of Johnson Controls International in a report on Friday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $155.75.

Johnson Controls International Price Performance

NYSE JCI opened at $144.87 on Monday. Johnson Controls International plc has a one year low of $104.03 and a one year high of $157.06. The stock has a 50-day moving average of $144.69 and a 200 day moving average of $141.30. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00. The company has a market capitalization of $87.75 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 1.39 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Thursday, July 30th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.12. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The business had revenue of $6.61 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter in the prior year, the business earned $1.05 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, sell-side analysts forecast that Johnson Controls International plc will post 5.08 EPS for the current year.

Insider Transactions at Johnson Controls International

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

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.