Philadelphia Investment Partners LLC Buys Shares of 5,150 Johnson Controls International plc $JCI

Philadelphia Investment Partners LLC purchased a new stake in shares of Johnson Controls International plc (NYSE:JCI) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 5,150 shares of the company’s stock, valued at approximately $780,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Abacus Wealth Partners LLC purchased a new position in Johnson Controls International in the fourth quarter worth about $1,233,000. North Dakota State Investment Board bought a new stake in shares of Johnson Controls International during the 4th quarter valued at about $2,712,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Johnson Controls International during the 4th quarter valued at about $16,426,000. Rokos Capital Management LLP purchased a new stake in shares of Johnson Controls International during the 1st quarter valued at about $45,833,000. Finally, Catalyst Funds Management Pty Ltd lifted its stake in shares of Johnson Controls International by 536.4% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 21,000 shares of the company’s stock worth $2,515,000 after purchasing an additional 17,700 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Morgan Stanley raised their price objective on shares of Johnson Controls International from $140.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, June 9th. The Goldman Sachs Group upped their target price on shares of Johnson Controls International from $169.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Oppenheimer reiterated a “market perform” rating on shares of Johnson Controls International in a research report on Tuesday, June 2nd. Wells Fargo & Company lifted their price target on shares of Johnson Controls International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, Wolfe Research reissued an “outperform” rating and set a $171.00 price objective on shares of Johnson Controls International in a research report on Wednesday, June 3rd. Twelve investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given 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 $155.50.

Insiders Place Their Bets

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 23,417 shares of the stock in a transaction 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 completion of 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Todd M. Grabowski sold 1,800 shares of the firm’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 approximately $3,832,633. This represents a 6.43% 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 insiders.

Johnson Controls International Stock Up 1.9%

JCI stock opened at $144.52 on Thursday. Johnson Controls International plc has a twelve month low of $103.82 and a twelve month high of $157.06. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61. The stock has a market cap of $87.54 billion, a P/E ratio of 25.13, a PEG ratio of 1.36 and a beta of 1.31. The business’s 50-day moving average price is $145.10 and its 200-day moving average price is $141.21.

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

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were given 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 was Monday, June 15th. Johnson Controls International’s dividend payout ratio (DPR) is presently 27.83%.

Johnson Controls International Company 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.