Global Retirement Partners LLC Boosts Position in Johnson Controls International plc $JCI

Global Retirement Partners LLC increased its stake in Johnson Controls International plc (NYSE:JCI) by 236.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,783 shares of the company’s stock after buying an additional 12,497 shares during the period. Global Retirement Partners LLC’s holdings in Johnson Controls International were worth $2,129,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in JCI. Viking Global Investors LP increased its stake in 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 worth $747,324,000 after buying an additional 5,346,130 shares during the period. Ameriprise Financial Inc. increased its position in Johnson Controls International by 140.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock valued at $483,281,000 after purchasing an additional 2,675,157 shares during the period. First Trust Advisors LP increased its position in Johnson Controls International by 23.3% during the 3rd quarter. First Trust Advisors LP now owns 3,519,724 shares of the company’s stock valued at $386,994,000 after purchasing an additional 665,782 shares during the period. Man Group plc increased its position in Johnson Controls International by 148.1% during the 2nd quarter. Man Group plc now owns 832,921 shares of the company’s stock valued at $87,973,000 after purchasing an additional 497,221 shares during the period. Finally, Interval Partners LP increased its position in Johnson Controls International by 793.0% during the 3rd quarter. Interval Partners LP now owns 513,401 shares of the company’s stock valued at $56,448,000 after purchasing an additional 455,907 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Transactions at Johnson Controls International

In other news, VP Daniel C. Mcconeghy sold 3,600 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $142.56, for a total value of $513,216.00. Following the sale, the vice president directly owned 24,273 shares in the company, valued at approximately $3,460,358.88. This trade represents a 12.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Lei Zhang Schlitz sold 88,809 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the completion of the sale, the vice president owned 57,059 shares in the company, valued at $8,044,748.41. This represents a 60.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on JCI shares. Wall Street Zen raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Sunday, May 3rd. BNP Paribas Exane started coverage on shares of Johnson Controls International in a research report on Tuesday, April 14th. They set an “underperform” rating and a $120.00 target price on the stock. The Goldman Sachs Group raised their target price on shares of Johnson Controls International from $154.00 to $158.00 and gave the company a “buy” rating in a research report on Tuesday, April 7th. Mizuho raised their target price 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, Wolfe Research cut their target price on shares of Johnson Controls International from $161.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 8th. Eleven 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $147.63.

Johnson Controls International Stock Up 2.2%

NYSE:JCI opened at $138.51 on Friday. Johnson Controls International plc has a fifty-two week low of $96.31 and a fifty-two week high of $147.32. The stock has a market capitalization of $84.51 billion, a P/E ratio of 24.78, a P/E/G ratio of 1.52 and a beta of 1.37. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.04. The company’s 50-day simple moving average is $137.64 and its 200-day simple moving average is $128.25.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. The business had revenue of $6.14 billion for the quarter. On average, equities analysts anticipate that Johnson Controls International plc will post 4.87 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Monday, March 16th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, March 16th. Johnson Controls International’s dividend payout ratio (DPR) is currently 28.62%.

Johnson Controls International 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.