Parametric Portfolio Associates LLC Raises Stake in Johnson Controls International PLC (NYSE:JCI)

Parametric Portfolio Associates LLC boosted its position in Johnson Controls International PLC (NYSE:JCI) by 13.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,226,715 shares of the company’s stock after buying an additional 270,448 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.28% of Johnson Controls International worth $91,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bank of Montreal Can boosted its position in Johnson Controls International by 3.6% in the second quarter. Bank of Montreal Can now owns 1,271,118 shares of the company’s stock worth $52,509,000 after purchasing an additional 44,072 shares during the last quarter. Independent Advisor Alliance boosted its holdings in Johnson Controls International by 207.0% in the second quarter. Independent Advisor Alliance now owns 18,086 shares of the company’s stock valued at $747,000 after purchasing an additional 12,195 shares during the period. Redpoint Investment Management Pty Ltd boosted its holdings in Johnson Controls International by 17.7% in the second quarter. Redpoint Investment Management Pty Ltd now owns 69,331 shares of the company’s stock valued at $2,864,000 after purchasing an additional 10,420 shares during the period. Trillium Asset Management LLC boosted its holdings in Johnson Controls International by 6.6% in the first quarter. Trillium Asset Management LLC now owns 159,591 shares of the company’s stock valued at $5,895,000 after purchasing an additional 9,863 shares during the period. Finally, MML Investors Services LLC boosted its holdings in Johnson Controls International by 11.6% in the first quarter. MML Investors Services LLC now owns 22,717 shares of the company’s stock valued at $839,000 after purchasing an additional 2,357 shares during the period. 91.83% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently issued reports on JCI. JPMorgan Chase & Co. upgraded Johnson Controls International from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $31.00 to $35.00 in a report on Monday, July 8th. Zacks Investment Research upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Monday, July 1st. Citigroup started coverage on shares of Johnson Controls International in a research note on Wednesday, June 5th. They issued a “buy” rating and a $45.00 target price on the stock. Barclays started coverage on shares of Johnson Controls International in a research note on Wednesday, June 12th. They issued an “equal weight” rating and a $39.00 target price on the stock. Finally, ValuEngine lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Johnson Controls International currently has a consensus rating of “Hold” and a consensus target price of $39.22.

Shares of JCI stock traded down $0.19 during trading on Friday, reaching $44.11. The company’s stock had a trading volume of 221,065 shares, compared to its average volume of 4,351,454. The business has a fifty day moving average price of $42.14 and a 200-day moving average price of $39.28. The company has a quick ratio of 1.19, a current ratio of 1.41 and a debt-to-equity ratio of 0.32. The company has a market cap of $35.13 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 2.29 and a beta of 0.93. Johnson Controls International PLC has a one year low of $28.30 and a one year high of $44.50.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. Johnson Controls International had a net margin of 22.38% and a return on equity of 9.02%. The business had revenue of $6.45 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same period in the prior year, the company posted $0.81 earnings per share. Johnson Controls International’s revenue was up 2.7% compared to the same quarter last year. Research analysts anticipate that Johnson Controls International PLC will post 1.95 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.26 per share. The ex-dividend date is Friday, September 13th. This represents a $1.04 annualized dividend and a yield of 2.36%. Johnson Controls International’s payout ratio is 36.75%.

In other Johnson Controls International news, VP Jeffrey M. Williams sold 70,762 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $41.59, for a total transaction of $2,942,991.58. Following the completion of the transaction, the vice president now owns 234,236 shares in the company, valued at approximately $9,741,875.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Jeffrey M. Williams sold 52,655 shares of Johnson Controls International stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $42.91, for a total transaction of $2,259,426.05. Following the completion of the sale, the vice president now owns 94,506 shares of the company’s stock, valued at approximately $4,055,252.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 185,819 shares of company stock valued at $7,833,310. Company insiders own 0.50% of the company’s stock.

About Johnson Controls International

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.

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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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