Lido Advisors LLC Raises Stake in Johnson Controls International plc $JCI

Lido Advisors LLC boosted its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 19.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,990 shares of the company’s stock after buying an additional 4,930 shares during the quarter. Lido Advisors LLC’s holdings in Johnson Controls International were worth $3,937,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of JCI. Strategic Investment Advisors MI increased its stake in shares of Johnson Controls International by 1.5% in the fourth quarter. Strategic Investment Advisors MI now owns 5,389 shares of the company’s stock worth $645,000 after acquiring an additional 78 shares during the period. UMB Bank n.a. raised its holdings in shares of Johnson Controls International by 2.5% during the fourth quarter. UMB Bank n.a. now owns 3,261 shares of the company’s stock worth $391,000 after purchasing an additional 79 shares during the last quarter. Lcnb Corp lifted its position in 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 purchasing an additional 81 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its position in Johnson Controls International by 6.9% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,257 shares of the company’s stock valued at $165,000 after purchasing an additional 81 shares during the period. Finally, Moss Adams Wealth Advisors LLC boosted its holdings in 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 last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JCI has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price target on Johnson Controls International from $158.00 to $162.00 in a research report on Thursday, May 7th. Morgan Stanley boosted their price objective on Johnson Controls International from $140.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, June 9th. Wells Fargo & Company upped their target price on Johnson Controls International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Sanford C. Bernstein initiated coverage on Johnson Controls International in a report on Tuesday, June 9th. They set an “outperform” rating and a $176.00 target price on the stock. Finally, Jefferies Financial Group lifted their price target on Johnson Controls International from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, April 15th. Two 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Johnson Controls International currently has an average rating of “Moderate Buy” and a consensus target price of $152.85.

Johnson Controls International Price Performance

Shares of Johnson Controls International stock opened at $143.35 on Friday. The firm has a market cap of $87.46 billion, a PE ratio of 25.64, a P/E/G ratio of 1.54 and a beta of 1.31. Johnson Controls International plc has a twelve month low of $102.09 and a twelve month high of $151.18. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average price of $141.84 and a 200 day moving average price of $136.02.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%.The company had revenue of $6.14 billion for the quarter. Sell-side analysts predict that Johnson Controls International plc will post 4.9 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The firm 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 dividend payout ratio (DPR) is 28.62%.

Insider Buying and Selling

In related news, 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 sale, the vice president 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Lei Zhang Schlitz sold 88,809 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the transaction, the vice president owned 57,059 shares of the company’s stock, 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. Company insiders own 0.29% of the company’s stock.

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.