Johnson Controls International plc $JCI Shares Purchased by Calamos Wealth Management LLC

Calamos Wealth Management LLC grew its position in shares of Johnson Controls International plc (NYSE:JCI) by 50.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,297 shares of the company’s stock after buying an additional 27,982 shares during the period. Calamos Wealth Management LLC’s holdings in Johnson Controls International were worth $12,171,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in JCI. Daiwa Securities Group Inc. increased its holdings in shares of Johnson Controls International by 3.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 270,360 shares of the company’s stock valued at $39,502,000 after acquiring an additional 9,065 shares during the last quarter. Kennedy Investment Group Inc. bought a new position in Johnson Controls International during the second quarter worth $200,000. Axiom Investment Management LLC bought a new position in Johnson Controls International during the second quarter worth $41,000. Collaborative Fund Advisors LLC acquired a new position in Johnson Controls International in the second quarter worth $536,000. Finally, Alta Wealth Advisors LLC boosted its holdings in Johnson Controls International by 43.1% in the second quarter. Alta Wealth Advisors LLC now owns 4,067 shares of the company’s stock worth $594,000 after purchasing an additional 1,224 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on JCI shares. Weiss Ratings reissued a “buy (b)” rating on shares of Johnson Controls International in a report on Tuesday, June 9th. Zacks Research lowered shares of Johnson Controls International from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Royal Bank Of Canada boosted their price objective on shares of 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 increased their price objective on shares of Johnson Controls International from $155.00 to $157.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Finally, Mizuho raised their target price on shares of Johnson Controls International from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Twelve analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $155.50.

Johnson Controls International Stock Performance

JCI stock opened at $153.73 on Friday. 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 stock has a market capitalization of $93.12 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 1.46 and a beta of 1.31. Johnson Controls International plc has a 1 year low of $103.07 and a 1 year high of $157.06. The stock’s fifty day moving average is $144.91 and its two-hundred day moving average is $139.75.

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

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Monday, June 15th. Johnson Controls International’s payout ratio is presently 27.83%.

Insider Activity

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 23,417 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president owned 15,017 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. Also, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total value of $263,160.00. Following the sale, the vice president directly owned 26,215 shares in the company, valued at approximately $3,832,633. This trade represents a 6.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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.