Lecap Asset Management Ltd. Takes $1.30 Million Position in Johnson Controls International plc $JCI

Lecap Asset Management Ltd. purchased a new position in Johnson Controls International plc (NYSE:JCI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,919 shares of the company’s stock, valued at approximately $1,303,000.

Several other institutional investors also recently added to or reduced their stakes in JCI. Mcguire Capital Advisors Inc. purchased a new stake in shares of Johnson Controls International in the fourth quarter valued at approximately $27,000. Twin Tree Management LP raised its position in Johnson Controls International by 140.9% during the 4th quarter. Twin Tree Management LP now owns 260 shares of the company’s stock valued at $31,000 after purchasing an additional 895 shares in the last quarter. SJS Investment Consulting Inc. lifted its holdings 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 buying an additional 254 shares during the period. NBT Bank N.A. lifted its holdings in shares of Johnson Controls International by 233.3% in the 2nd quarter. NBT Bank N.A. now owns 340 shares of the company’s stock worth $50,000 after buying an additional 238 shares during the period. Finally, Elevation Wealth Partners LLC lifted its holdings in shares of Johnson Controls International by 359.5% in the 2nd quarter. Elevation Wealth Partners LLC now owns 363 shares of the company’s stock worth $53,000 after buying an additional 284 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on JCI shares. JPMorgan Chase & Co. raised their price target on Johnson Controls International from $158.00 to $162.00 in a research note on Thursday, May 7th. Sanford C. Bernstein increased their target price on shares of Johnson Controls International from $173.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday. HSBC raised their target price on shares of Johnson Controls International from $127.00 to $136.00 in a research report on Thursday, May 7th. Argus set a $175.00 price target on shares of Johnson Controls International in a report on Friday, August 7th. Finally, Barclays upped their price target on shares of Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Twelve analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $155.50.

Insiders Place Their Bets

In other Johnson Controls International news, 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 sale, the vice president directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Todd M. Grabowski sold 1,800 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total value of $263,160.00. Following the sale, the vice president directly owned 26,215 shares in the company, valued at $3,832,633. This represents a 6.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.29% of the company’s stock.

Johnson Controls International Stock Up 1.5%

Shares of JCI stock opened at $153.73 on Friday. The stock’s 50-day simple moving average is $144.91 and its 200-day simple moving average is $139.75. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00. The firm has a market capitalization of $93.12 billion, a PE ratio of 26.74, a P/E/G ratio of 1.46 and a beta of 1.31. Johnson Controls International plc has a fifty-two week low of $103.07 and a fifty-two week high of $157.06.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.42 earnings per share 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 the consensus estimate of $6.46 billion. During the same quarter in the prior year, the company earned $1.05 EPS. Johnson Controls International’s quarterly revenue was up 9.3% on a year-over-year basis. Equities analysts expect that Johnson Controls International plc will post 5.08 earnings per share for the current 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 given a dividend of $0.40 per share. The ex-dividend date was Monday, June 15th. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. Johnson Controls International’s payout ratio is currently 27.83%.

Johnson Controls International Company 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.