Bank Julius Baer & Co. Ltd Zurich Buys 5,224 Shares of Johnson Controls International plc $JCI

Bank Julius Baer & Co. Ltd Zurich increased its stake in Johnson Controls International plc (NYSE:JCI) by 158.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,523 shares of the company’s stock after buying an additional 5,224 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Johnson Controls International were worth $1,021,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of JCI. Brighton Jones LLC bought a new position in shares of Johnson Controls International during the fourth quarter valued at approximately $222,000. Acadian Asset Management LLC bought a new position in shares of Johnson Controls International during the first quarter valued at approximately $55,000. Sivia Capital Partners LLC increased its stake in shares of Johnson Controls International by 83.3% during the second quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company’s stock valued at $745,000 after purchasing an additional 3,203 shares in the last quarter. Jump Financial LLC increased its stake in shares of Johnson Controls International by 3.5% during the second quarter. Jump Financial LLC now owns 12,578 shares of the company’s stock valued at $1,328,000 after purchasing an additional 425 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of Johnson Controls International by 120.7% during the second quarter. Federated Hermes Inc. now owns 12,359 shares of the company’s stock valued at $1,305,000 after purchasing an additional 6,760 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on JCI. Jefferies Financial Group raised their target price on shares of Johnson Controls International from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, April 15th. Robert W. Baird raised their target price on shares of Johnson Controls International from $132.00 to $148.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. Morgan Stanley raised their target price on shares of Johnson Controls International from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, March 11th. HSBC raised their target price on shares of Johnson Controls International from $127.00 to $136.00 in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. raised their price target on shares of Johnson Controls International from $158.00 to $162.00 in a research report on Thursday, May 7th. Eleven equities research 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. Based on data from MarketBeat.com, Johnson Controls International presently has an average rating of “Hold” and an average price target of $147.63.

Insider Activity at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 3,600 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $142.56, for a total value of $513,216.00. Following the sale, the vice president owned 24,273 shares in the company, valued at approximately $3,460,358.88. This trade represents a 12.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Lei Zhang Schlitz sold 88,809 shares of the firm’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 transaction of $12,521,180.91. Following the completion of the sale, the vice president owned 57,059 shares in the company, valued at $8,044,748.41. This represents a 60.88% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.29% of the company’s stock.

Johnson Controls International Trading Down 1.4%

Shares of JCI stock opened at $143.01 on Friday. Johnson Controls International plc has a 12-month low of $96.01 and a 12-month high of $147.32. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The firm’s 50 day moving average is $137.41 and its 200 day moving average is $127.43. The stock has a market capitalization of $87.25 billion, a P/E ratio of 25.58, a P/E/G ratio of 1.58 and a beta of 1.37.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. The company had revenue of $6.14 billion for the quarter. Research analysts expect that Johnson Controls International plc will post 4.87 earnings per share for the current year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Monday, March 16th were issued a $0.40 dividend. The ex-dividend date was Monday, March 16th. This represents a $1.60 annualized dividend and a yield of 1.1%. Johnson Controls International’s dividend payout ratio (DPR) is currently 28.62%.

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.