Johnson Controls International plc $JCI Shares Purchased by Payden & Rygel

Payden & Rygel raised its stake in shares of Johnson Controls International plc (NYSE:JCI) by 9.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,100 shares of the company’s stock after purchasing an additional 8,800 shares during the period. Payden & Rygel’s holdings in Johnson Controls International were worth $15,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the company. NBH Bank bought a new position in shares of Johnson Controls International in the second quarter worth about $29,000. Virginia Estate & Retirement Planning Advisors Inc. bought a new stake in Johnson Controls International during the third quarter valued at about $33,000. Fourth Dimension Wealth LLC raised its stake in shares of Johnson Controls International by 51.3% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock worth $34,000 after acquiring an additional 78 shares in the last quarter. First Bancorp Inc ME acquired a new stake in shares of Johnson Controls International in the 2nd quarter worth $34,000. Finally, Latitude Advisors LLC acquired a new stake in Johnson Controls International in the 3rd quarter worth approximately $38,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Johnson Controls International news, Director Juergen Tinggren sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $159.19, for a total transaction of $636,760.00. Following the completion of the sale, the director owned 27,236 shares in the company, valued at $4,335,698.84. This trade represents a 12.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Lei Schlitz sold 23,417 shares of Johnson Controls International 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 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.29% of the company’s stock.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $148.90 on Friday. The stock has a market capitalization of $90.19 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 1.25 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.83 and a current ratio of 0.90. The company has a 50-day simple moving average of $147.36 and a 200-day simple moving average of $140.79. Johnson Controls International plc has a one year low of $108.41 and a one year high of $160.41.

Johnson Controls International (NYSE:JCI) last released its earnings results on Tuesday, October 27th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.07. Johnson Controls International had a return on equity of 23.38% and a net margin of 11.12%. The company had revenue of $7.11 billion for the quarter, compared to analysts’ expectations of $7.04 billion. During the same quarter in the previous year, the firm posted $1.26 EPS. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. On average, analysts predict that Johnson Controls International plc will post 6.29 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, September 21st were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Johnson Controls International’s payout ratio is currently 27.83%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on JCI. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Johnson Controls International in a report on Wednesday, October 7th. Mizuho raised their price objective on Johnson Controls International from $150.00 to $165.00 and gave the company a “neutral” rating in a report on Thursday, October 15th. Weiss Ratings upgraded Johnson Controls International from a “buy (b)” rating to a “buy (a)” rating in a research report on Thursday, October 8th. Argus set a $175.00 price target on shares of Johnson Controls International in a report on Friday, August 7th. Finally, Wall Street Zen lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Johnson Controls International has a consensus rating of “Moderate Buy” and an average target price of $166.86.

Johnson Controls International Profile

Johnson Controls International plc (NYSE:JCI) is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.