Bosman Wealth Management LLC Purchases 7,450 Shares of Johnson Controls International plc $JCI

Bosman Wealth Management LLC boosted its position in Johnson Controls International plc (NYSE:JCI) by 365.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 9,488 shares of the company’s stock after purchasing an additional 7,450 shares during the period. Johnson Controls International comprises 0.9% of Bosman Wealth Management LLC’s holdings, making the stock its 29th largest position. Bosman Wealth Management LLC’s holdings in Johnson Controls International were worth $1,386,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp raised its stake in Johnson Controls International by 0.6% in 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 period. Franklin Resources Inc. lifted its position in shares of Johnson Controls International by 3.3% in the fourth quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock valued at $2,712,949,000 after buying an additional 718,245 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Johnson Controls International by 1.7% during the 4th 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 period. Invesco Ltd. boosted its stake in shares of Johnson Controls International by 13.0% during the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock worth $1,916,417,000 after acquiring an additional 1,837,220 shares during the period. Finally, Norges Bank bought a new position in shares of Johnson Controls International during the 4th quarter worth approximately $927,739,000. Institutional investors own 90.05% of the company’s stock.

Insider Transactions at Johnson Controls International

In other news, VP Lei Zhang Schlitz sold 23,417 shares of the business’s stock in a transaction dated 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 completion of the sale, the vice president owned 15,017 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Also, 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 transaction of $263,160.00. Following the completion of the transaction, the vice president owned 26,215 shares in the company, valued at $3,832,633. This trade represents a 6.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

JCI has been the topic of a number of research analyst reports. Wall Street Zen cut Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. JPMorgan Chase & Co. lifted their price objective on shares of Johnson Controls International from $158.00 to $162.00 in a research report on Thursday, May 7th. UBS Group reiterated a “buy” rating on shares of Johnson Controls International in a report on Thursday, July 30th. Mizuho increased their price objective on shares of Johnson Controls International from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Johnson Controls International in a research note on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $154.80.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $151.47 on Friday. The company has a market capitalization of $91.75 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 1.47 and a beta of 1.31. The company has a current ratio of 1.00, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61. Johnson Controls International plc has a 12 month low of $103.07 and a 12 month high of $157.06. The stock’s 50 day moving average is $144.71 and its 200-day moving average is $139.65.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.42 earnings per share 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 analysts’ expectations of $6.46 billion. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the firm posted $1.05 EPS. Equities research analysts expect 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. Stockholders of record on Monday, June 15th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.60 dividend on an annualized basis and a dividend 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 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.