Twin Capital Management Inc. Acquires New Stake in Johnson Controls International plc $JCI

Twin Capital Management Inc. purchased a new position in shares of Johnson Controls International plc (NYSE:JCI) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,323 shares of the company’s stock, valued at approximately $697,000.

A number of other hedge funds have also bought and sold shares of the business. Brighton Jones LLC bought a new stake in Johnson Controls International during the 4th quarter worth approximately $222,000. Acadian Asset Management LLC bought a new stake in shares of Johnson Controls International in the 1st quarter worth approximately $55,000. Sivia Capital Partners LLC lifted 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 worth $745,000 after purchasing an additional 3,203 shares during the last quarter. Jump Financial LLC boosted its holdings in Johnson Controls International by 3.5% during the 2nd quarter. Jump Financial LLC now owns 12,578 shares of the company’s stock valued at $1,328,000 after acquiring an additional 425 shares during the period. Finally, Federated Hermes Inc. boosted its stake in shares of Johnson Controls International by 120.7% during the second quarter. Federated Hermes Inc. now owns 12,359 shares of the company’s stock valued at $1,305,000 after purchasing an additional 6,760 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Trading Down 1.0%

Johnson Controls International stock opened at $141.34 on Friday. The firm has a market capitalization of $86.23 billion, a price-to-earnings ratio of 25.28, a P/E/G ratio of 1.53 and a beta of 1.31. Johnson Controls International plc has a 12-month low of $102.09 and a 12-month high of $151.18. The firm has a 50 day moving average of $141.90 and a 200 day moving average of $135.24. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64.

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

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend 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 is 28.62%.

Insider Buying and Selling

In other news, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total value of $263,160.00. Following the sale, the vice president directly owned 26,215 shares in the company, valued at $3,832,633. The trade was a 6.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Lei Zhang Schlitz sold 88,809 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $140.99, for a total value of $12,521,180.91. Following the sale, the vice president directly owned 57,059 shares in the company, valued at $8,044,748.41. The trade was a 60.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Barclays raised their target price on 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. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $154.00 target price on shares of Johnson Controls International in a research report on Tuesday, June 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Johnson Controls International in a research note on Tuesday, June 9th. Sanford C. Bernstein began coverage on shares of Johnson Controls International in a report on Tuesday, June 9th. They issued an “outperform” rating and a $176.00 target price for the company. Finally, Mizuho upped their price target on Johnson Controls International from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $152.85.

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.