Denali Advisors LLC Buys Shares of 27,000 Johnson Controls International plc $JCI

Denali Advisors LLC acquired a new position in shares of Johnson Controls International plc (NYSE:JCI) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 27,000 shares of the company’s stock, valued at approximately $3,945,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Johnson Controls International in the fourth quarter worth $927,739,000. Viking Global Investors LP raised its stake 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 valued at $747,324,000 after purchasing an additional 5,346,130 shares in the last quarter. Amundi raised its stake in shares of Johnson Controls International by 157.2% during the first quarter. Amundi now owns 5,965,212 shares of the company’s stock valued at $781,145,000 after purchasing an additional 3,646,047 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Johnson Controls International by 140.8% in the second quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock worth $483,281,000 after purchasing an additional 2,675,157 shares during the period. Finally, Invesco Ltd. lifted its holdings in Johnson Controls International by 13.0% in the fourth quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock worth $1,916,417,000 after purchasing an additional 1,837,220 shares during the period. 90.05% of the stock is owned by institutional investors.

Insider Activity at Johnson Controls International

In other news, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction 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 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 legal filing with the SEC, which is available at this link. Also, VP Lei Zhang Schlitz sold 23,417 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total value of $3,584,440.19. Following the completion of the transaction, the vice president owned 15,017 shares in the company, valued at $2,298,652.19. This trade represents a 60.93% decrease in their position. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on JCI. Argus set a $175.00 price objective on shares of Johnson Controls International in a report on Friday, August 7th. UBS Group reissued a “buy” rating on shares of Johnson Controls International in a report on Thursday, July 30th. Oppenheimer restated a “market perform” rating on shares of Johnson Controls International in a research report on Tuesday, June 2nd. Morgan Stanley increased their price target on Johnson Controls International from $140.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, June 9th. Finally, Barclays lifted their price target on Johnson Controls International from $136.00 to $144.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Twelve investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Johnson Controls International has an average rating of “Hold” and an average target price of $155.50.

Johnson Controls International Trading Down 3.2%

Shares of NYSE:JCI opened at $144.91 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00. The stock has a market capitalization of $87.78 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 1.44 and a beta of 1.31. Johnson Controls International plc has a 1-year low of $103.65 and a 1-year high of $157.06. The company has a 50 day moving average price of $145.26 and a 200 day moving average price of $140.59.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Thursday, July 30th. The company reported $1.42 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $6.46 billion. During the same period in the previous year, the firm earned $1.05 earnings per share. Johnson Controls International’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, research analysts anticipate that Johnson Controls International plc will post 5.08 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors 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 dividend on an annualized basis and a yield of 1.1%. Johnson Controls International’s payout ratio is presently 27.83%.

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.