Tidal Investments LLC Has $28.69 Million Holdings in Johnson Controls International plc $JCI

Tidal Investments LLC reduced its position in shares of Johnson Controls International plc (NYSE:JCI) by 7.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 196,359 shares of the company’s stock after selling 16,370 shares during the quarter. Tidal Investments LLC’s holdings in Johnson Controls International were worth $28,690,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of JCI. NBH Bank acquired a new stake in Johnson Controls International in the 2nd quarter valued at approximately $29,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Johnson Controls International in the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC increased its holdings in shares of Johnson Controls International by 51.3% during the second quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock worth $34,000 after purchasing an additional 78 shares during the period. First Bancorp Inc ME acquired a new position in Johnson Controls International in the second quarter valued at about $34,000. Finally, Twin Tree Management LP lifted its stake in Johnson Controls International by 140.9% during the fourth quarter. Twin Tree Management LP now owns 260 shares of the company’s stock worth $31,000 after purchasing an additional 895 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JCI has been the subject of several research reports. The Goldman Sachs Group increased their price objective on shares of Johnson Controls International from $169.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Johnson Controls International in a research report on Friday, September 4th. Sanford C. Bernstein increased their target price on shares of Johnson Controls International from $173.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Oppenheimer reaffirmed a “market perform” rating on shares of Johnson Controls International in a research report on Tuesday, June 2nd. Finally, Zacks Research downgraded Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Twelve investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $155.75.

Insider Buying and Selling

In other Johnson Controls International news, VP Lei Schlitz sold 23,417 shares of the firm’s stock in a transaction dated 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $145.10 on Thursday. Johnson Controls International plc has a 12 month low of $104.49 and a 12 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 stock has a market cap of $87.89 billion, a P/E ratio of 25.24, a P/E/G ratio of 1.41 and a beta of 1.29. The company has a 50 day moving average of $144.77 and a 200 day moving average of $141.38.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.12. The company had revenue of $6.61 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the company earned $1.05 earnings per share. As a group, sell-side analysts forecast that Johnson Controls International plc will post 5.08 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

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

Johnson Controls International 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.