Jones Financial Companies Lllp Takes $518,000 Position in Johnson Controls International plc $JCI

Jones Financial Companies Lllp purchased a new stake in Johnson Controls International plc (NYSE:JCI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 3,543 shares of the company’s stock, valued at approximately $518,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in Johnson Controls International during the 4th quarter worth approximately $222,000. Acadian Asset Management LLC acquired a new position in Johnson Controls International during the first quarter valued at approximately $55,000. Sivia Capital Partners LLC increased its stake in Johnson Controls International by 83.3% in the second quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company’s stock valued at $745,000 after purchasing an additional 3,203 shares in the last quarter. Jump Financial LLC increased its stake in Johnson Controls International by 3.5% in the second quarter. Jump Financial LLC now owns 12,578 shares of the company’s stock valued at $1,328,000 after purchasing an additional 425 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in Johnson Controls International by 120.7% in the second quarter. Federated Hermes Inc. now owns 12,359 shares of the company’s stock worth $1,305,000 after purchasing an additional 6,760 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Stock Down 0.0%

Johnson Controls International stock opened at $142.98 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61. Johnson Controls International plc has a 1-year low of $103.82 and a 1-year high of $157.06. The company has a fifty day simple moving average of $145.16 and a 200 day simple moving average of $141.04. The company has a market cap of $86.61 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 1.38 and a beta of 1.31.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.30 by $0.12. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The firm had revenue of $6.61 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the previous year, the firm posted $1.05 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Research analysts anticipate that Johnson Controls International plc will post 5.08 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.60 annualized dividend and a yield of 1.1%. Johnson Controls International’s dividend payout ratio is 27.83%.

Insider Activity at Johnson Controls International

In other news, VP Todd M. Grabowski sold 1,800 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the sale, the vice president owned 26,215 shares in the company, valued at $3,832,633. This represents a 6.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Lei Zhang Schlitz sold 23,417 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total value of $3,584,440.19. Following the sale, the vice president owned 15,017 shares in the company, valued at approximately $2,298,652.19. This represents a 60.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of Johnson Controls International from $140.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, June 9th. Zacks Research lowered shares of Johnson Controls International from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Robert W. Baird boosted their price objective on shares of Johnson Controls International from $132.00 to $148.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a research note on Tuesday, June 9th. Finally, HSBC increased their target price on Johnson Controls International from $127.00 to $136.00 in a report on Thursday, May 7th. Twelve research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $155.50.

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.