Parvin Asset Management LLC Makes New Investment in Johnson Controls International plc $JCI

Parvin Asset Management LLC purchased a new position in shares of Johnson Controls International plc (NYSE:JCI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,235 shares of the company’s stock, valued at approximately $619,000.

Several other hedge funds and other institutional investors have also made changes to their positions in JCI. State Street Corp boosted its position in Johnson Controls International by 0.6% in the 3rd 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. grew its stake 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 worth $2,712,949,000 after acquiring an additional 718,245 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of 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 period. Invesco Ltd. increased its position in shares of Johnson Controls International by 13.0% during the fourth 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 acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at $927,739,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

JCI has been the subject of several analyst reports. Morgan Stanley boosted their target price on Johnson Controls International from $140.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 9th. UBS Group reaffirmed a “buy” rating on shares of Johnson Controls International in a research report on Thursday, July 30th. Barclays lifted their price objective 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. Weiss Ratings reissued a “buy (b)” rating on shares of Johnson Controls International in a research report on Tuesday, June 9th. Finally, Argus set a $175.00 target price on shares of Johnson Controls International in a research note on Friday, August 7th. Twelve equities research 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. According to data from MarketBeat, Johnson Controls International currently has a consensus rating of “Hold” and an average target price of $155.50.

Insider Transactions at Johnson Controls International

In other news, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was 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. The trade was a 6.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Lei Zhang Schlitz sold 23,417 shares of the company’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 directly 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 ownership of the stock. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by insiders.

Johnson Controls International Stock Up 1.9%

Shares of NYSE:JCI opened at $144.52 on Thursday. The firm has a 50 day simple moving average of $145.10 and a 200-day simple moving average of $141.21. Johnson Controls International plc has a twelve month low of $103.82 and a twelve month high of $157.06. The company has a current ratio of 1.00, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $87.54 billion, a PE ratio of 25.13, a P/E/G ratio of 1.36 and a beta of 1.31.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Thursday, July 30th. The company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.12. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The firm had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same period last year, the firm posted $1.05 EPS. The company’s revenue was up 9.3% on a year-over-year basis. On average, equities analysts predict that Johnson Controls International plc will post 5.08 EPS for the current fiscal 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 given a dividend of $0.40 per share. The ex-dividend date 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 payout ratio is 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.