Sequoia Financial Advisors LLC Boosts Holdings in Johnson Controls International plc $JCI

Sequoia Financial Advisors LLC raised its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 17.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 37,970 shares of the company’s stock after acquiring an additional 5,650 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Johnson Controls International were worth $5,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in JCI. California State Teachers Retirement System increased its stake in shares of Johnson Controls International by 13,757.3% in the second quarter. California State Teachers Retirement System now owns 135,035,593 shares of the company’s stock worth $19,730,050,000 after purchasing an additional 134,061,119 shares in the last quarter. Norges Bank bought a new position in Johnson Controls International during the fourth quarter valued at $927,739,000. Viking Global Investors LP lifted its holdings in shares of Johnson Controls International by 368.5% in the 3rd quarter. Viking Global Investors LP now owns 6,796,942 shares of the company’s stock valued at $747,324,000 after acquiring an additional 5,346,130 shares during the last quarter. Amundi boosted its holdings in shares of Johnson Controls International by 157.2% in the 1st quarter. Amundi now owns 5,965,212 shares of the company’s stock worth $781,145,000 after purchasing an additional 3,646,047 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in Johnson Controls International by 140.8% during the second quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock worth $483,281,000 after buying an additional 2,675,157 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

JCI has been the topic of several recent analyst reports. Sanford C. Bernstein increased their price target on Johnson Controls International from $173.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Morgan Stanley boosted their price objective on shares of Johnson Controls International from $175.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 2nd. Oppenheimer reissued a “market perform” rating on shares of Johnson Controls International in a research report on Tuesday, June 2nd. Argus set a $175.00 price objective on Johnson Controls International in a research report on Friday, August 7th. Finally, UBS Group reiterated a “buy” rating on shares of Johnson Controls International in a research note on Thursday, July 30th. Twelve equities research 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. According to data from MarketBeat, Johnson Controls International currently has an average rating of “Hold” and a consensus target price of $155.75.

Insider Buying and Selling at Johnson Controls International

In other news, VP Lei Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction that occurred 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 sale, the vice president directly owned 15,017 shares of the company’s stock, valued at $2,298,652.19. The trade was a 60.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.29% of the stock is currently owned by company insiders.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $146.12 on Friday. 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 52-week low of $104.49 and a 52-week high of $157.06. The business has a 50-day simple moving average of $144.92 and a 200-day simple moving average of $141.41. The stock has a market cap of $88.51 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 1.37 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Thursday, July 30th. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.12. The firm 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 business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 EPS. On average, equities analysts expect that Johnson Controls International plc will post 5.08 EPS for the current year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Monday, September 21st will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Johnson Controls International’s dividend payout ratio (DPR) is currently 27.83%.

Johnson Controls International Company Profile

Johnson Controls International plc (NYSE:JCI) is a global company focused on building technologies and solutions that improve the efficiency, safety and sustainability of buildings. Its offerings include heating, ventilation and air-conditioning systems, building automation and controls, fire detection and suppression equipment, security systems, and related digital technologies and services.

The company serves commercial, institutional, industrial and residential customers, helping organizations manage building operations, energy use, indoor air quality and physical security.