Great Lakes Advisors LLC Takes Position in Johnson Controls International plc $JCI

Great Lakes Advisors LLC bought a new stake in shares of Johnson Controls International plc (NYSE:JCI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 50,798 shares of the company’s stock, valued at approximately $7,422,000.

Several other hedge funds have also bought and sold shares of the stock. Abacus Wealth Partners LLC bought a new stake in shares of Johnson Controls International during the 4th quarter valued at $1,233,000. North Dakota State Investment Board bought a new position in Johnson Controls International in the 4th quarter worth $2,712,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Johnson Controls International in the 4th quarter worth $16,426,000. Catalyst Funds Management Pty Ltd increased its stake in 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 buying an additional 17,700 shares in the last quarter. Finally, Rokos Capital Management LLP bought a new stake in Johnson Controls International during the first quarter valued at about $45,833,000. Institutional investors own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In other news, VP Lei Zhang Schlitz sold 23,417 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the completion of the transaction, the vice president directly owned 15,017 shares in the company, valued at approximately $2,298,652.19. This represents a 60.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Todd M. Grabowski sold 1,800 shares of the 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 transaction, the vice president owned 26,215 shares of the company’s stock, valued at $3,832,633. This represents a 6.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.29% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Barclays upped their price objective on Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Wall Street Zen downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. JPMorgan Chase & Co. boosted their price target on Johnson Controls International from $158.00 to $162.00 in a report on Thursday, May 7th. Weiss Ratings restated a “buy (b)” rating on shares of Johnson Controls International in a research note on Tuesday, June 9th. Finally, Citigroup increased their price objective on shares of Johnson Controls International from $155.00 to $157.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Twelve research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Johnson Controls International presently has a consensus rating of “Hold” and a consensus price target of $155.50.

Johnson Controls International Trading Down 3.2%

Shares of Johnson Controls International stock opened at $144.91 on Thursday. The firm has a market cap of $87.78 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 1.44 and a beta of 1.31. The business has a 50-day moving average price of $145.26 and a 200-day moving average price of $140.59. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61. Johnson Controls International plc has a twelve month low of $103.65 and a twelve month high of $157.06.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Thursday, July 30th. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $6.46 billion. During the same period in the previous year, the business earned $1.05 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities research analysts anticipate that Johnson Controls International plc will post 5.08 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Johnson Controls International’s payout ratio is presently 27.83%.

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.