HighTower Advisors LLC Acquires 20,256 Shares of Johnson Controls International plc $JCI

HighTower Advisors LLC increased its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 2.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 722,606 shares of the company’s stock after purchasing an additional 20,256 shares during the period. HighTower Advisors LLC’s holdings in Johnson Controls International were worth $105,580,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JCI. Natural Investments LLC raised its stake in Johnson Controls International by 2.5% in the second quarter. Natural Investments LLC now owns 3,008 shares of the company’s stock worth $439,000 after buying an additional 72 shares in the last quarter. Baron Wealth Management LLC lifted its holdings in Johnson Controls International by 1.6% during the second quarter. Baron Wealth Management LLC now owns 4,705 shares of the company’s stock worth $687,000 after buying an additional 75 shares during the period. Diversify Wealth Management LLC boosted its position in Johnson Controls International by 2.0% during the 2nd quarter. Diversify Wealth Management LLC now owns 3,868 shares of the company’s stock valued at $555,000 after acquiring an additional 76 shares in the last quarter. Resonant Capital Advisors LLC boosted its position in Johnson Controls International by 1.5% during the 2nd quarter. Resonant Capital Advisors LLC now owns 5,063 shares of the company’s stock valued at $742,000 after acquiring an additional 77 shares in the last quarter. Finally, Fourth Dimension Wealth LLC increased its holdings 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 valued at $34,000 after acquiring an additional 78 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Insider Transactions at Johnson Controls International

In other news, VP Todd Grabowski sold 1,800 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Lei Schlitz sold 23,417 shares of the company’s stock in a transaction dated 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 transaction, the vice president owned 15,017 shares in the company, valued at approximately $2,298,652.19. This trade represents a 60.93% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.29% of the company’s stock.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $144.87 on Monday. The business’s fifty day simple moving average is $144.69 and its 200-day simple moving average is $141.30. The company has a market cap of $87.75 billion, a PE ratio of 25.19, a PEG ratio of 1.39 and a beta of 1.29. The company has a current ratio of 1.00, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61. Johnson Controls International plc has a 12-month low of $104.03 and a 12-month high of $157.06.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.30 by $0.12. The firm had revenue of $6.61 billion during the quarter, compared to analyst estimates of $6.46 billion. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.05 EPS. Analysts expect that Johnson Controls International plc will post 5.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on JCI shares. Wolfe Research reissued an “outperform” rating and issued a $171.00 price target on shares of Johnson Controls International in a research report on Wednesday, June 3rd. UBS Group reaffirmed a “buy” rating on shares of Johnson Controls International in a research report on Thursday, July 30th. Citigroup lifted their target price on Johnson Controls International from $155.00 to $157.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Royal Bank Of Canada boosted their target price on shares of Johnson Controls International from $154.00 to $161.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Finally, Wall Street Zen lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Twelve analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Johnson Controls International presently has a consensus rating of “Hold” and a consensus price target of $155.75.

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.