QRG Capital Management Inc. Purchases 9,988 Shares of Johnson Controls International plc $JCI

QRG Capital Management Inc. increased its position in Johnson Controls International plc (NYSE:JCI) by 4.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 222,168 shares of the company’s stock after purchasing an additional 9,988 shares during the period. QRG Capital Management Inc.’s holdings in Johnson Controls International were worth $32,461,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in JCI. NBH Bank purchased a new position in Johnson Controls International during the second quarter valued at $29,000. Twin Tree Management LP grew its position in shares of Johnson Controls International by 140.9% in the 4th quarter. Twin Tree Management LP now owns 260 shares of the company’s stock worth $31,000 after buying an additional 895 shares during the period. Fourth Dimension Wealth LLC grew its position in shares of Johnson Controls International by 51.3% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock worth $34,000 after buying an additional 78 shares during the period. First Bancorp Inc ME purchased a new stake in shares of Johnson Controls International in the 2nd quarter worth about $34,000. Finally, SJS Investment Consulting Inc. increased its stake in shares of Johnson Controls International by 747.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 288 shares of the company’s stock worth $38,000 after acquiring an additional 254 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Insiders Place Their Bets

In other Johnson Controls International news, VP Lei Schlitz sold 23,417 shares of the 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 transaction, the vice president owned 15,017 shares of the company’s stock, valued at approximately $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. UBS Group reissued a “buy” rating on shares of Johnson Controls International in a research note on Wednesday, September 16th. Oppenheimer reiterated a “market perform” rating on shares of Johnson Controls International in a report on Tuesday, June 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Johnson Controls International in a research report on Friday, September 4th. Argus set a $175.00 price target on Johnson Controls International in a report on Friday, August 7th. Finally, Zacks Research lowered Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Twelve investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $155.75.

Johnson Controls International Stock Performance

NYSE:JCI traded down $0.50 during mid-day trading on Wednesday, reaching $145.94. The company’s stock had a trading volume of 2,901,567 shares, compared to its average volume of 4,208,605. The company has a current ratio of 1.00, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61. The stock has a market cap of $88.40 billion, a P/E ratio of 25.38, a PEG ratio of 1.40 and a beta of 1.29. The firm’s fifty day moving average price is $144.87 and its two-hundred day moving average price is $141.34. Johnson Controls International plc has a 12-month low of $104.49 and a 12-month high of $157.06.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter last year, the firm posted $1.05 EPS. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities analysts forecast that Johnson Controls International plc will post 5.08 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

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

About Johnson Controls International

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.