Balyasny Asset Management L.P. Buys 1,807,260 Shares of Johnson Controls International plc $JCI

Balyasny Asset Management L.P. grew its stake in Johnson Controls International plc (NYSE:JCI) by 93,932.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,809,184 shares of the company’s stock after purchasing an additional 1,807,260 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Johnson Controls International were worth $216,650,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in JCI. Norges Bank bought a new position in Johnson Controls International in the 4th quarter worth about $927,739,000. Viking Global Investors LP boosted its stake in shares of Johnson Controls International by 368.5% during the third quarter. Viking Global Investors LP now owns 6,796,942 shares of the company’s stock valued at $747,324,000 after purchasing an additional 5,346,130 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Johnson Controls International by 140.8% during the second quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock valued at $483,281,000 after acquiring an additional 2,675,157 shares during the last quarter. First Trust Advisors LP lifted its position in Johnson Controls International by 27.6% during the fourth quarter. First Trust Advisors LP now owns 4,490,828 shares of the company’s stock valued at $537,777,000 after acquiring an additional 971,104 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in Johnson Controls International by 3.3% during the fourth quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock valued at $2,712,949,000 after acquiring an additional 718,245 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Lei Zhang Schlitz sold 88,809 shares of Johnson Controls International stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $140.99, for a total value of $12,521,180.91. Following the sale, the vice president owned 57,059 shares in the company, valued at $8,044,748.41. This trade represents a 60.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the completion of the sale, the vice president owned 26,215 shares in the company, valued at approximately $3,832,633. This trade 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 company insiders.

Analysts Set New Price Targets

JCI has been the subject of several research reports. Sanford C. Bernstein initiated coverage on shares of Johnson Controls International in a research note on Tuesday, June 9th. They set an “outperform” rating and a $176.00 price objective for the company. JPMorgan Chase & Co. raised their target price on shares of Johnson Controls International from $158.00 to $162.00 in a report on Thursday, May 7th. Mizuho raised their target price on shares of Johnson Controls International from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. BNP Paribas Exane initiated coverage on shares of Johnson Controls International in a report on Tuesday, April 14th. They set an “underperform” rating and a $120.00 target price for the company. Finally, UBS Group raised their target price on shares of Johnson Controls International from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Johnson Controls International has a consensus rating of “Moderate Buy” and an average target price of $152.85.

Johnson Controls International Stock Down 0.9%

JCI opened at $143.80 on Thursday. Johnson Controls International plc has a fifty-two week low of $100.86 and a fifty-two week high of $149.23. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.04. The company has a fifty day moving average of $141.12 and a two-hundred day moving average of $131.46. The stock has a market capitalization of $87.74 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 1.56 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 earnings per share 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 during the quarter. On average, research analysts expect that Johnson Controls International plc will post 4.89 earnings per share for the current year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be given a $0.40 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Johnson Controls International’s dividend payout ratio (DPR) is 28.62%.

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.