First Trust Advisors LP Has $754.49 Million Position in Johnson Controls International plc $JCI

First Trust Advisors LP raised its stake in shares of Johnson Controls International plc (NYSE:JCI) by 28.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,761,677 shares of the company’s stock after purchasing an additional 1,270,849 shares during the period. Johnson Controls International accounts for 0.5% of First Trust Advisors LP’s portfolio, making the stock its 22nd largest holding. First Trust Advisors LP’s holdings in Johnson Controls International were worth $754,492,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Maseco LLP lifted its stake in shares of Johnson Controls International by 102.9% in the fourth quarter. Maseco LLP now owns 211 shares of the company’s stock worth $25,000 after buying an additional 107 shares during the last quarter. Mcguire Capital Advisors Inc. acquired a new position in Johnson Controls International in the 4th quarter valued at $27,000. Twin Tree Management LP grew its position in shares of Johnson Controls International by 140.9% in the fourth quarter. Twin Tree Management LP now owns 260 shares of the company’s stock valued at $31,000 after purchasing an additional 895 shares during the last quarter. YANKCOM Partnership bought a new position in Johnson Controls International in the 4th quarter worth approximately $34,000. Finally, Flagship Harbor Advisors LLC bought a new position in Johnson Controls International during the fourth quarter worth $38,000. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Trading Up 1.6%

Shares of JCI stock opened at $141.64 on Wednesday. Johnson Controls International plc has a 12-month low of $102.09 and a 12-month high of $151.18. The company has a market capitalization of $86.42 billion, a P/E ratio of 25.34, a P/E/G ratio of 1.49 and a beta of 1.31. The firm has a 50-day moving average price of $141.89 and a 200 day moving average price of $135.66. 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 issued its quarterly earnings data 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%. Research analysts forecast that Johnson Controls International plc will post 4.9 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, June 15th. Johnson Controls International’s payout ratio is presently 28.62%.

Insider Buying and Selling

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 88,809 shares of Johnson Controls International 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 transaction, the vice president owned 57,059 shares in the company, valued at approximately $8,044,748.41. The trade was a 60.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of the business’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 transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on JCI shares. BNP Paribas Exane began coverage on Johnson Controls International in a research report on Tuesday, April 14th. They set an “underperform” rating and a $120.00 price objective on the stock. Zacks Research raised shares of Johnson Controls International from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Sanford C. Bernstein initiated coverage on shares of Johnson Controls International in a research report on Tuesday, June 9th. They issued an “outperform” rating and a $176.00 price target for the company. Wall Street Zen upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Sunday, May 3rd. Finally, Robert W. Baird lifted their price objective on Johnson Controls International from $132.00 to $148.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Johnson Controls International currently has an average rating of “Moderate Buy” and an average target price of $152.85.

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.