Twin Capital Management Inc. Makes New $697,000 Investment in Johnson Controls International plc $JCI

Twin Capital Management Inc. acquired a new stake in shares of Johnson Controls International plc (NYSE:JCI) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,323 shares of the company’s stock, valued at approximately $697,000.

Several other hedge funds have also made changes to their positions in JCI. Strategic Investment Advisors MI grew its holdings in Johnson Controls International by 1.5% during the 4th quarter. Strategic Investment Advisors MI now owns 5,389 shares of the company’s stock worth $645,000 after acquiring an additional 78 shares in the last quarter. UMB Bank n.a. boosted its stake in Johnson Controls International by 2.5% in the 4th quarter. UMB Bank n.a. now owns 3,261 shares of the company’s stock worth $391,000 after purchasing an additional 79 shares in the last quarter. Lcnb Corp grew its holdings in shares of Johnson Controls International by 4.0% during the fourth quarter. Lcnb Corp now owns 2,094 shares of the company’s stock valued at $251,000 after buying an additional 81 shares during the last quarter. Moss Adams Wealth Advisors LLC increased its holdings in shares of Johnson Controls International by 4.8% in the first quarter. Moss Adams Wealth Advisors LLC now owns 1,888 shares of the company’s stock valued at $248,000 after purchasing an additional 86 shares during the period. Finally, Millstone Evans Group LLC increased its holdings in Johnson Controls International by 2.6% in the 4th quarter. Millstone Evans Group LLC now owns 3,427 shares of the company’s stock worth $410,000 after buying an additional 87 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $141.34 on Friday. The firm’s fifty day simple moving average is $141.90 and its 200-day simple moving average is $135.24. Johnson Controls International plc has a 12 month low of $102.09 and a 12 month high of $151.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.85. The stock has a market capitalization of $86.23 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 1.53 and a beta of 1.31.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 earnings per share for the quarter. The firm had revenue of $6.14 billion for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. As a group, equities analysts forecast that Johnson Controls International plc will post 4.9 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, June 15th. Johnson Controls International’s dividend payout ratio (DPR) is 28.62%.

Insiders Place Their Bets

In related news, VP Lei Zhang Schlitz sold 88,809 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $140.99, for a total value of $12,521,180.91. Following the completion of the transaction, the vice president owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. The trade was a 60.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total value of $263,160.00. Following the completion of the transaction, the vice president owned 26,215 shares of the company’s stock, valued at $3,832,633. This trade represents a 6.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on JCI. Sanford C. Bernstein assumed coverage on Johnson Controls International in a report on Tuesday, June 9th. They issued an “outperform” rating and a $176.00 price objective for the company. Barclays boosted their target price on shares of Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Evercore started coverage on Johnson Controls International in a report on Monday, April 13th. They issued a “hold” rating and a $155.00 price objective on the stock. Oppenheimer restated a “market perform” rating on shares of Johnson Controls International in a report on Tuesday, June 2nd. Finally, Mizuho increased their price target on shares of Johnson Controls International from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $152.85.

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.