Mediolanum International Funds Ltd Grows Stake in Johnson Controls International plc $JCI

Mediolanum International Funds Ltd lifted its position in Johnson Controls International plc (NYSE:JCI) by 393.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 95,738 shares of the company’s stock after purchasing an additional 76,353 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Johnson Controls International were worth $12,119,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in Johnson Controls International during the fourth quarter worth about $927,739,000. Viking Global Investors LP increased its stake in Johnson Controls International by 368.5% in the 3rd 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. Ameriprise Financial Inc. raised its holdings in shares of Johnson Controls International by 140.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock valued at $483,281,000 after acquiring an additional 2,675,157 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Johnson Controls International by 13.0% in the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock valued at $1,916,417,000 after acquiring an additional 1,837,220 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in shares of Johnson Controls International by 93,932.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,809,184 shares of the company’s stock valued at $216,650,000 after acquiring an additional 1,807,260 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Trading Down 0.0%

NYSE JCI opened at $140.45 on Monday. 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 stock’s 50-day simple moving average is $141.92 and its two-hundred day simple moving average is $135.38. Johnson Controls International plc has a twelve month low of $102.09 and a twelve month high of $151.18. The company has a market capitalization of $85.69 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 1.51 and a beta of 1.31.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 earnings per share (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%. Research analysts forecast that Johnson Controls International plc will post 4.9 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were given a $0.40 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Johnson Controls International’s payout ratio is presently 28.62%.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 88,809 shares of the company’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 completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Todd M. Grabowski sold 1,800 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the transaction, the vice president owned 26,215 shares in the company, valued at $3,832,633. The trade was a 6.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Citigroup boosted their price objective on Johnson Controls International from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Wall Street Zen raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Sunday, May 3rd. Mizuho lifted their target price on shares of Johnson Controls International from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Sanford C. Bernstein started coverage on shares of Johnson Controls International in a research report on Tuesday, June 9th. They set an “outperform” rating and a $176.00 target price for the company. Finally, Morgan Stanley boosted their price target on shares of Johnson Controls International from $140.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 9th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Johnson Controls International has a consensus rating of “Moderate Buy” and an average price target of $152.85.

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.