Engineers Gate Manager LP Buys 52,484 Shares of Johnson Controls International plc $JCI

Engineers Gate Manager LP grew its stake in Johnson Controls International plc (NYSE:JCI) by 82.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 116,133 shares of the company’s stock after buying an additional 52,484 shares during the period. Engineers Gate Manager LP’s holdings in Johnson Controls International were worth $16,968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC acquired a new position in Johnson Controls International in the 4th quarter valued at approximately $222,000. Acadian Asset Management LLC bought a new stake in shares of Johnson Controls International in the 1st quarter worth approximately $55,000. Sivia Capital Partners LLC grew its holdings in shares of Johnson Controls International by 83.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company’s stock worth $745,000 after purchasing an additional 3,203 shares in the last quarter. Jump Financial LLC grew its holdings in shares of Johnson Controls International by 3.5% during the 2nd quarter. Jump Financial LLC now owns 12,578 shares of the company’s stock worth $1,328,000 after purchasing an additional 425 shares in the last quarter. Finally, Federated Hermes Inc. increased its position 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 during the period. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

Shares of NYSE:JCI opened at $145.10 on Thursday. The business has a fifty day moving average of $144.77 and a 200-day moving average of $141.38. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00. Johnson Controls International plc has a twelve month low of $104.49 and a twelve month high of $157.06. The firm has a market cap of $87.89 billion, a PE ratio of 25.24, a price-to-earnings-growth ratio of 1.41 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.42 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the prior year, the company earned $1.05 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities research analysts predict that Johnson Controls International plc will post 5.08 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Monday, September 21st will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, September 21st. Johnson Controls International’s dividend payout ratio is presently 27.83%.

Insider Activity

In other news, VP Lei Schlitz sold 23,417 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the sale, the vice president directly owned 15,017 shares of the company’s stock, valued at $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on JCI. Argus set a $175.00 target price on Johnson Controls International in a research report on Friday, August 7th. Wall Street Zen lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. UBS Group restated a “buy” rating on shares of Johnson Controls International in a research note on Thursday, July 30th. Morgan Stanley raised their price objective on shares of Johnson Controls International from $175.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, September 2nd. Finally, The Goldman Sachs Group raised their price objective on shares of Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Twelve investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $155.75.

Johnson Controls International Company Profile

Johnson Controls International plc (NYSE:JCI) is a global company focused on building technologies and solutions that improve the efficiency, safety and sustainability of buildings. Its offerings include heating, ventilation and air-conditioning systems, building automation and controls, fire detection and suppression equipment, security systems, and related digital technologies and services.

The company serves commercial, institutional, industrial and residential customers, helping organizations manage building operations, energy use, indoor air quality and physical security.