Rokos Capital Management LLP Purchases New Shares in Johnson Controls International plc $JCI

Rokos Capital Management LLP purchased a new position in Johnson Controls International plc (NYSE:JCI) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 350,030 shares of the company’s stock, valued at approximately $45,833,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp boosted its holdings in shares of Johnson Controls International by 0.6% in the third quarter. State Street Corp now owns 28,684,645 shares of the company’s stock worth $3,165,286,000 after buying an additional 163,167 shares during the period. Franklin Resources Inc. increased its position in shares of Johnson Controls International by 3.3% in the fourth quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock worth $2,712,949,000 after acquiring an additional 718,245 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Johnson Controls International by 1.7% during the fourth quarter. Fisher Asset Management LLC now owns 17,239,953 shares of the company’s stock valued at $2,064,485,000 after acquiring an additional 280,704 shares during the period. Invesco Ltd. lifted its position 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, Norges Bank purchased a new stake in shares of Johnson Controls International in the 4th quarter valued at approximately $927,739,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Barclays raised their price objective on shares of 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 restated a “sector perform” rating and issued a $154.00 target price on shares of Johnson Controls International in a report on Tuesday, June 2nd. Citigroup raised their target price on Johnson Controls International from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. BNP Paribas Exane began coverage on Johnson Controls International in a report on Tuesday, April 14th. They set an “underperform” rating and a $120.00 price target on the stock. Finally, Oppenheimer reissued a “market perform” rating on shares of Johnson Controls International in a research report on Tuesday, June 2nd. Two investment 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $152.85.

Johnson Controls International Stock Performance

JCI stock opened at $143.35 on Tuesday. The firm has a 50 day simple moving average of $141.96 and a 200 day simple moving average of $136.33. Johnson Controls International plc has a 52 week low of $102.09 and a 52 week high of $151.18. The stock has a market cap of $87.46 billion, a P/E ratio of 25.64, a P/E/G ratio of 1.54 and a beta of 1.31. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.04.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 earnings per share for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. The firm had revenue of $6.14 billion for the quarter. Research 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 declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Johnson Controls International’s dividend payout ratio is 28.62%.

Insiders Place Their Bets

In related news, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction 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 completion of the sale, the vice president directly owned 57,059 shares in the company, valued at approximately $8,044,748.41. This trade represents a 60.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International stock in a transaction on 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 of the company’s stock, valued at approximately $3,832,633. The trade was a 6.43% 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.

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.