Xn LP Makes New Investment in Johnson Controls International plc (NYSE:JCI)

Xn LP purchased a new position in shares of Johnson Controls International plc (NYSE:JCI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 941,676 shares of the company’s stock, valued at approximately $74,326,000. Johnson Controls International makes up about 2.9% of Xn LP’s portfolio, making the stock its 13th biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. increased its holdings in shares of Johnson Controls International by 2.0% in the fourth quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company’s stock valued at $510,000 after purchasing an additional 127 shares during the last quarter. Jackson Hole Capital Partners LLC increased its holdings in shares of Johnson Controls International by 0.7% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company’s stock valued at $1,470,000 after purchasing an additional 127 shares during the last quarter. Trust Co. of Vermont increased its holdings in shares of Johnson Controls International by 10.4% in the fourth quarter. Trust Co. of Vermont now owns 1,488 shares of the company’s stock valued at $117,000 after purchasing an additional 140 shares during the last quarter. Catalyst Financial Partners LLC increased its holdings in shares of Johnson Controls International by 4.8% in the fourth quarter. Catalyst Financial Partners LLC now owns 3,154 shares of the company’s stock valued at $249,000 after purchasing an additional 144 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC increased its holdings in shares of Johnson Controls International by 4.6% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 3,427 shares of the company’s stock valued at $270,000 after purchasing an additional 150 shares during the last quarter. 90.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

JCI has been the topic of several research reports. Oppenheimer upped their price objective on shares of Johnson Controls International from $90.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Citigroup decreased their price objective on shares of Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Vertical Research upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a report on Thursday, May 8th. JPMorgan Chase & Co. upped their price target on shares of Johnson Controls International from $81.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Robert W. Baird upped their price target on shares of Johnson Controls International from $84.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, May 8th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Johnson Controls International has an average rating of “Moderate Buy” and an average target price of $95.35.

Johnson Controls International Trading Down 0.1%

Shares of Johnson Controls International stock opened at $97.79 on Tuesday. The company has a market capitalization of $64.35 billion, a price-to-earnings ratio of 37.32, a PEG ratio of 1.96 and a beta of 1.28. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 12-month low of $64.31 and a 12-month high of $98.33. The firm’s 50-day moving average price is $82.69 and its two-hundred day moving average price is $82.48.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.64 billion. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.78 earnings per share. On average, analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a yield of 1.51%. Johnson Controls International’s payout ratio is 39.47%.

Insiders Place Their Bets

In other news, Director George Oliver sold 100,000 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $91.70, for a total value of $9,170,000.00. Following the completion of the transaction, the director now owns 904,305 shares of the company’s stock, valued at approximately $82,924,768.50. This represents a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total transaction of $113,361.84. Following the completion of the transaction, the vice president now directly owns 145,502 shares of the company’s stock, valued at $11,599,419.44. This trade represents a 0.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 460,396 shares of company stock worth $38,645,569 over the last ninety days. Corporate insiders own 0.54% of the company’s stock.

Johnson Controls International Profile

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.