Pointe Capital Management LLC Buys New Shares in Johnson Controls International plc $JCI

Pointe Capital Management LLC 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,564 shares of the company’s stock, valued at approximately $813,000.

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

Johnson Controls International Price Performance

JCI stock opened at $141.82 on Wednesday. The stock’s 50 day moving average is $145.09 and its two-hundred day moving average is $141.13. Johnson Controls International plc has a 52-week low of $103.82 and a 52-week high of $157.06. The company has a market capitalization of $85.91 billion, a PE ratio of 24.67, a P/E/G ratio of 1.38 and a beta of 1.31. 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 (NYSE:JCI) last released its earnings results on Thursday, July 30th. The company reported $1.42 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 during the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the prior year, the business posted $1.05 EPS. The business’s revenue was up 9.3% on a year-over-year basis. Analysts predict that Johnson Controls International plc will post 5.08 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. 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 stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction 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 trade represents a 6.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Lei Zhang Schlitz sold 23,417 shares of the firm’s stock in a transaction on 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 transaction, the vice president owned 15,017 shares in the company, valued at $2,298,652.19. This trade represents a 60.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada boosted their price objective on shares of Johnson Controls International from $154.00 to $161.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Sanford C. Bernstein upped their price target on shares of Johnson Controls International from $173.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. JPMorgan Chase & Co. raised their price objective on Johnson Controls International from $158.00 to $162.00 in a research report on Thursday, May 7th. Argus set a $175.00 target price on Johnson Controls International in a research report on Friday, August 7th. Finally, Barclays increased their target price on Johnson Controls International from $136.00 to $144.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Twelve investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Johnson Controls International currently has an average rating of “Hold” and an average price target 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.