Plato Investment Management Ltd Buys Shares of 13,023 Johnson Controls International plc $JCI

Plato Investment Management Ltd purchased a new position in shares of Johnson Controls International plc (NYSE:JCI) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,023 shares of the company’s stock, valued at approximately $1,892,000.

A number of other large investors have also modified their holdings of JCI. State Street Corp raised its holdings in shares of Johnson Controls International by 0.6% during the third quarter. State Street Corp now owns 28,684,645 shares of the company’s stock valued at $3,165,286,000 after buying an additional 163,167 shares during the last quarter. Franklin Resources Inc. grew its holdings in Johnson Controls International by 3.3% in the 4th quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock worth $2,712,949,000 after buying an additional 718,245 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Johnson Controls International by 1.7% in the 4th quarter. Fisher Asset Management LLC now owns 17,239,953 shares of the company’s stock worth $2,064,485,000 after buying an additional 280,704 shares in the last quarter. Invesco Ltd. increased its position in Johnson Controls International by 13.0% in the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock valued at $1,916,417,000 after acquiring an additional 1,837,220 shares during the period. Finally, Norges Bank acquired a new stake in Johnson Controls International in the 4th quarter valued at approximately $927,739,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

JCI opened at $153.96 on Tuesday. The business has a 50 day moving average price of $145.11 and a two-hundred day moving average price of $140.19. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.00 and a quick ratio of 0.83. The company has a market capitalization of $93.26 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 1.48 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.

Johnson Controls International (NYSE:JCI) last issued its quarterly 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 return on equity of 22.11% and a net margin of 14.32%.The company had revenue of $6.61 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same period last year, the firm earned $1.05 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Research analysts predict that Johnson Controls International plc will post 5.08 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were issued 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 Transactions at Johnson Controls International

In other Johnson Controls International news, VP Todd M. Grabowski sold 1,800 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total value of $263,160.00. Following the completion of the sale, the vice president directly owned 26,215 shares of the company’s stock, valued at approximately $3,832,633. This represents a 6.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Lei Zhang Schlitz sold 23,417 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the transaction, the vice president 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 position. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on JCI shares. The Goldman Sachs Group boosted their price target on Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Oppenheimer reissued a “market perform” rating on shares of Johnson Controls International in a report on Tuesday, June 2nd. Wall Street Zen cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Argus set a $175.00 price objective on shares of Johnson Controls International in a report on Friday, August 7th. Finally, UBS Group reiterated a “buy” rating on shares of Johnson Controls International in a research report on Thursday, July 30th. Twelve investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $155.50.

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.