Johnson Controls International plc $JCI Shares Acquired by Westover Capital Advisors LLC

Westover Capital Advisors LLC lifted its stake in shares of Johnson Controls International plc (NYSE:JCI) by 349.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,462 shares of the company’s stock after purchasing an additional 12,022 shares during the period. Westover Capital Advisors LLC’s holdings in Johnson Controls International were worth $2,298,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. State Street Corp lifted its position in Johnson Controls International by 2.2% during the second quarter. State Street Corp now owns 28,283,873 shares of the company’s stock worth $4,143,674,000 after buying an additional 621,319 shares in the last quarter. Amundi boosted its stake in Johnson Controls International by 157.2% during the first quarter. Amundi now owns 5,965,212 shares of the company’s stock worth $781,145,000 after buying an additional 3,646,047 shares during the last quarter. First Trust Advisors LP boosted its stake in Johnson Controls International by 28.3% during the first quarter. First Trust Advisors LP now owns 5,761,677 shares of the company’s stock worth $754,492,000 after buying an additional 1,270,849 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in Johnson Controls International by 0.9% in the 2nd quarter. Pictet Asset Management Holding SA now owns 2,331,718 shares of the company’s stock valued at $340,501,000 after buying an additional 20,780 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Johnson Controls International by 702.5% in the first quarter. Hsbc Holdings PLC now owns 1,962,770 shares of the company’s stock valued at $256,820,000 after purchasing an additional 1,718,179 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Johnson Controls International

In related news, VP Lei Schlitz sold 23,417 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president owned 15,017 shares in the company, valued at $2,298,652.19. This represents a 60.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.29% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

JCI has been the subject of several recent analyst reports. Mizuho raised their target price on Johnson Controls International from $150.00 to $165.00 and gave the stock a “neutral” rating in a research note on Thursday, October 15th. The Goldman Sachs Group upped their price objective on Johnson Controls International from $186.00 to $191.00 and gave the stock a “buy” rating in a research report on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Johnson Controls International from $180.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, September 30th. Citigroup upped their price objective on Johnson Controls International from $157.00 to $170.00 and gave the stock a “neutral” rating in a research report on Monday, October 12th. Finally, Zacks Research downgraded shares of Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Johnson Controls International has an average rating of “Moderate Buy” and a consensus target price of $163.05.

Johnson Controls International Stock Up 2.4%

Johnson Controls International stock opened at $147.42 on Tuesday. The stock has a 50 day moving average of $146.93 and a two-hundred day moving average of $139.75. Johnson Controls International plc has a twelve month low of $108.41 and a twelve month high of $160.41. 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 capitalization of $89.30 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 1.07 and a beta of 1.27.

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

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, September 21st were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, September 21st. Johnson Controls International’s dividend payout ratio (DPR) is presently 27.83%.

Johnson Controls International Company Profile

Johnson Controls International plc (NYSE:JCI) is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.