NBH Bank Takes $1.22 Million Position in Johnson Controls International plc $JCI

NBH Bank bought a new position in shares of Johnson Controls International plc (NYSE:JCI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,773 shares of the company’s stock, valued at approximately $1,222,000.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in Johnson Controls International during the fourth quarter worth about $927,739,000. Viking Global Investors LP increased its holdings in Johnson Controls International by 368.5% in the 3rd quarter. Viking Global Investors LP now owns 6,796,942 shares of the company’s stock valued at $747,324,000 after buying an additional 5,346,130 shares during the period. Amundi raised its position in shares of Johnson Controls International by 157.2% in the 1st quarter. Amundi now owns 5,965,212 shares of the company’s stock valued at $781,145,000 after buying an additional 3,646,047 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Johnson Controls International by 140.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock valued at $483,281,000 after buying an additional 2,675,157 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Johnson Controls International by 13.0% during the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock worth $1,916,417,000 after acquiring an additional 1,837,220 shares during the period. Institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

JCI has been the topic of several analyst reports. Zacks Research lowered shares of Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Wall Street Zen cut Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Argus set a $175.00 target price on Johnson Controls International in a report on Friday, August 7th. Morgan Stanley lifted their price target on Johnson Controls International from $175.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Sanford C. Bernstein boosted their price target on Johnson Controls International from $173.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Twelve 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $155.75.

Johnson Controls International Trading Up 1.9%

Shares of Johnson Controls International stock opened at $144.87 on Friday. The firm’s 50 day moving average is $144.69 and its 200 day moving average is $141.29. The firm has a market capitalization of $87.75 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 1.37 and a beta of 1.29. Johnson Controls International plc has a 1 year low of $104.03 and a 1 year high of $157.06. The company has a current ratio of 1.00, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.30 by $0.12. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The business had revenue of $6.61 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. The firm’s revenue was up 9.3% compared to the same quarter last year. Equities research analysts forecast that Johnson Controls International plc will post 5.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, 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 transaction of $263,160.00. Following the sale, the vice president owned 26,215 shares in the company, valued at $3,832,633. The trade was a 6.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Lei Schlitz sold 23,417 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was 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 directly owned 15,017 shares of the company’s stock, valued at approximately $2,298,652.19. The trade was a 60.93% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is currently owned by corporate insiders.

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.