Everstar Asset Management LLC Makes New Investment in Johnson Controls International plc $JCI

Everstar Asset Management LLC purchased a new position in shares of Johnson Controls International plc (NYSE:JCI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,922 shares of the company’s stock, valued at approximately $829,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp increased its stake in Johnson Controls International by 0.6% during the third quarter. State Street Corp now owns 28,684,645 shares of the company’s stock worth $3,165,286,000 after acquiring an additional 163,167 shares during the last quarter. Fisher Asset Management LLC increased its stake in Johnson Controls International by 2.1% during the third quarter. Fisher Asset Management LLC now owns 16,959,249 shares of the company’s stock worth $1,864,670,000 after acquiring an additional 354,266 shares during the last quarter. Capital World Investors increased its stake in Johnson Controls International by 0.3% during the third quarter. Capital World Investors now owns 7,535,476 shares of the company’s stock worth $828,526,000 after acquiring an additional 19,550 shares during the last quarter. Northern Trust Corp increased its stake in Johnson Controls International by 1.1% during the third quarter. Northern Trust Corp now owns 6,907,287 shares of the company’s stock worth $759,456,000 after acquiring an additional 72,917 shares during the last quarter. Finally, Viking Global Investors LP increased its stake in Johnson Controls International by 368.5% during the third quarter. Viking Global Investors LP now owns 6,796,942 shares of the company’s stock worth $747,324,000 after acquiring an additional 5,346,130 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Trading Down 1.4%

Shares of JCI opened at $143.01 on Friday. The company has a market capitalization of $87.25 billion, a P/E ratio of 25.58, a P/E/G ratio of 1.60 and a beta of 1.37. Johnson Controls International plc has a one year low of $96.01 and a one year high of $147.32. 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 stock has a 50-day moving average price of $137.41 and a 200 day moving average price of $127.43.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The firm had revenue of $6.14 billion during the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. Sell-side analysts forecast that Johnson Controls International plc will post 4.87 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Monday, March 16th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Johnson Controls International’s dividend payout ratio is currently 28.62%.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction that occurred 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 trade represents a 60.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Daniel C. Mcconeghy sold 3,600 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $142.56, for a total value of $513,216.00. Following the transaction, the vice president directly owned 24,273 shares in the company, valued at approximately $3,460,358.88. This represents a 12.92% 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.

Wall Street Analysts Forecast Growth

Several brokerages have commented on JCI. Wall Street Zen upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Sunday, May 3rd. Evercore started coverage on Johnson Controls International in a research report on Monday, April 13th. They issued a “hold” rating and a $155.00 target price for the company. Barclays upped their target price on Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Robert W. Baird upped their target price on Johnson Controls International from $132.00 to $148.00 and gave the stock a “neutral” rating in a research report on Monday, April 27th. Finally, UBS Group upped their target price on Johnson Controls International from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Eleven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $147.63.

About Johnson Controls International

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.