Johnson Controls International plc $JCI Stake Boosted by Czech National Bank

Czech National Bank boosted its holdings in Johnson Controls International plc (NYSE:JCI) by 4.2% in the second quarter, HoldingsChannel.com reports. The firm owned 173,662 shares of the company’s stock after acquiring an additional 6,968 shares during the period. Czech National Bank’s holdings in Johnson Controls International were worth $25,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its holdings in shares of Johnson Controls International by 218.1% during the second quarter. Assenagon Asset Management S.A. now owns 368,514 shares of the company’s stock worth $53,844,000 after purchasing an additional 252,656 shares during the period. Red Spruce Capital LLC grew its holdings in shares of Johnson Controls International by 0.9% during the second quarter. Red Spruce Capital LLC now owns 31,104 shares of the company’s stock valued at $4,545,000 after purchasing an additional 265 shares during the last quarter. 55 North Private Wealth LLC grew its holdings in shares of Johnson Controls International by 27.7% during the second quarter. 55 North Private Wealth LLC now owns 2,708 shares of the company’s stock valued at $396,000 after purchasing an additional 587 shares during the last quarter. Byrne Asset Management LLC acquired a new stake in shares of Johnson Controls International during the 2nd quarter worth approximately $376,000. Finally, Clark Asset Management LLC acquired a new stake in shares of Johnson Controls International during the 2nd quarter worth approximately $218,000. Institutional investors own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total value of $263,160.00. Following the transaction, the vice president owned 26,215 shares in the company, valued at approximately $3,832,633. The trade was a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Lei Zhang Schlitz sold 23,417 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were 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 in the company, valued at $2,298,652.19. This represents a 60.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. HSBC boosted their price objective on Johnson Controls International from $127.00 to $136.00 in a research report on Thursday, May 7th. Citigroup increased their target price on Johnson Controls International from $155.00 to $157.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Evercore initiated coverage on Johnson Controls International in a research note on Monday, April 13th. They issued a “hold” rating and a $155.00 target price on the stock. Royal Bank Of Canada boosted their price target on shares of Johnson Controls International from $154.00 to $161.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Finally, BNP Paribas Exane began coverage on shares of Johnson Controls International in a research report on Tuesday, April 14th. They set an “underperform” rating and a $120.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.80.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $152.43 on Friday. Johnson Controls International plc has a twelve month low of $103.07 and a twelve month 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. The company has a market capitalization of $92.33 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 1.49 and a beta of 1.31. The firm has a 50-day moving average of $143.93 and a two-hundred day moving average of $138.42.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data 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 company had revenue of $6.61 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter in the previous year, the company posted $1.05 EPS. The business’s revenue was up 9.3% compared to the same quarter last year. As a group, analysts expect that Johnson Controls International plc will post 5.08 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Monday, June 15th. Johnson Controls International’s dividend payout ratio (DPR) is presently 27.83%.

About Johnson Controls International

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.