Hsbc Holdings PLC Boosts Holdings in Johnson Controls International plc $JCI

Hsbc Holdings PLC lifted its holdings in Johnson Controls International plc (NYSE:JCI) by 702.5% in the first quarter, HoldingsChannel reports. The firm owned 1,962,770 shares of the company’s stock after buying an additional 1,718,179 shares during the quarter. Hsbc Holdings PLC’s holdings in Johnson Controls International were worth $256,820,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in Johnson Controls International during the 4th quarter worth approximately $222,000. Acadian Asset Management LLC acquired a new position in shares of Johnson Controls International in the first quarter worth $55,000. Sivia Capital Partners LLC grew its stake in shares of Johnson Controls International by 83.3% in the second quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company’s stock worth $745,000 after acquiring an additional 3,203 shares in the last quarter. Jump Financial LLC increased its position in shares of Johnson Controls International by 3.5% during the second quarter. Jump Financial LLC now owns 12,578 shares of the company’s stock worth $1,328,000 after acquiring an additional 425 shares during the period. Finally, Federated Hermes Inc. raised its stake 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. 90.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. BNP Paribas Exane assumed coverage on Johnson Controls International in a report on Tuesday, April 14th. They issued an “underperform” rating and a $120.00 target price for the company. Barclays upped their price target on Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Wall Street Zen raised Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Sunday, May 3rd. Citigroup lifted their price objective on Johnson Controls International from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, Sanford C. Bernstein began coverage on Johnson Controls International in a research report on Tuesday, June 9th. They set an “outperform” rating and a $176.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Johnson Controls International currently has an average rating of “Moderate Buy” and a consensus target price of $152.85.

Insider Activity

In other news, 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 transaction of $263,160.00. Following the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lei Zhang Schlitz sold 88,809 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $140.99, for a total value of $12,521,180.91. Following the sale, the vice president owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. The trade was a 60.88% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.29% of the company’s stock.

Johnson Controls International Price Performance

Shares of JCI opened at $140.45 on Friday. The firm has a market capitalization of $85.69 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 1.51 and a beta of 1.31. The firm’s fifty day simple moving average is $141.92 and its 200-day simple moving average is $135.28. Johnson Controls International plc has a twelve month low of $102.09 and a twelve month high of $151.18. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The firm had revenue of $6.14 billion during the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. Equities analysts forecast that Johnson Controls International plc will post 4.9 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, June 15th. Johnson Controls International’s dividend payout ratio is currently 28.62%.

Johnson Controls International 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.