Bessemer Group Inc. Boosts Holdings in Johnson Controls International plc $JCI

Bessemer Group Inc. boosted its holdings in Johnson Controls International plc (NYSE:JCI) by 25.7% in the 1st quarter, HoldingsChannel reports. The firm owned 18,445 shares of the company’s stock after purchasing an additional 3,776 shares during the quarter. Bessemer Group Inc.’s holdings in Johnson Controls International were worth $2,415,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Johnson Controls International during the fourth quarter valued at approximately $927,739,000. Viking Global Investors LP boosted its position in shares of 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. Ameriprise Financial Inc. grew its stake in Johnson Controls International by 140.8% during the second 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. increased its holdings in 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 during the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in Johnson Controls International by 93,932.4% in 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. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Price Performance

JCI stock opened at $142.66 on Thursday. Johnson Controls International plc has a 52 week low of $102.09 and a 52 week high of $151.18. The firm has a market capitalization of $87.04 billion, a P/E ratio of 25.52, a price-to-earnings-growth ratio of 1.52 and a beta of 1.31. The company has a fifty day simple moving average of $141.87 and a two-hundred day simple moving average of $135.82. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64.

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

Johnson Controls International Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Johnson Controls International’s payout ratio is currently 28.62%.

Analyst Upgrades and Downgrades

Several research analysts have commented on JCI shares. Sanford C. Bernstein initiated coverage on shares of Johnson Controls International in a report on Tuesday, June 9th. They set an “outperform” rating and a $176.00 price objective for the company. Evercore initiated coverage on Johnson Controls International in a report on Monday, April 13th. They issued a “hold” rating and a $155.00 target price on the stock. HSBC boosted their target price on Johnson Controls International from $127.00 to $136.00 in a research report on Thursday, May 7th. UBS Group increased their price target on Johnson Controls International from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Finally, Jefferies Financial Group lifted their price objective on Johnson Controls International from $125.00 to $135.00 and gave the stock a “hold” rating in a research note on Wednesday, April 15th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $152.85.

Insider Buying and Selling at Johnson Controls International

In related news, VP Todd M. Grabowski sold 1,800 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total value of $263,160.00. Following the completion of the sale, the vice president directly owned 26,215 shares in the company, valued at $3,832,633. This trade represents a 6.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Lei Zhang Schlitz sold 88,809 shares of the firm’s stock in a transaction 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 approximately $8,044,748.41. This represents a 60.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.29% of the company’s stock.

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.