Cullen Capital Management LLC Has $207.02 Million Stake in Johnson Controls International plc $JCI

Cullen Capital Management LLC decreased its holdings in Johnson Controls International plc (NYSE:JCI) by 6.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,728,794 shares of the company’s stock after selling 120,535 shares during the period. Johnson Controls International comprises about 2.3% of Cullen Capital Management LLC’s portfolio, making the stock its 15th biggest holding. Cullen Capital Management LLC’s holdings in Johnson Controls International were worth $207,023,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Y Intercept Hong Kong Ltd increased its holdings in shares of Johnson Controls International by 1,016.7% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 96,849 shares of the company’s stock valued at $11,598,000 after purchasing an additional 88,176 shares during the period. Wealthspire Advisors LLC increased its holdings in shares of Johnson Controls International by 144.1% in the 4th quarter. Wealthspire Advisors LLC now owns 6,224 shares of the company’s stock valued at $745,000 after purchasing an additional 3,674 shares during the period. Summit Financial LLC increased its holdings in shares of Johnson Controls International by 5.9% in the 4th quarter. Summit Financial LLC now owns 8,501 shares of the company’s stock valued at $1,021,000 after purchasing an additional 474 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Johnson Controls International by 2.0% in the 4th quarter. Quadrant Capital Group LLC now owns 15,898 shares of the company’s stock valued at $1,904,000 after purchasing an additional 314 shares during the period. Finally, CI Investments Inc. increased its holdings in shares of Johnson Controls International by 18.7% in the 4th quarter. CI Investments Inc. now owns 568,369 shares of the company’s stock valued at $68,062,000 after purchasing an additional 89,549 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the transaction, 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 SEC, which is available at the SEC website. Also, VP Todd M. Grabowski sold 1,800 shares of the 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. This trade represents a 6.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.29% of the company’s stock.

Johnson Controls International Trading Up 0.6%

Shares of NYSE JCI opened at $144.83 on Friday. The stock has a market cap of $88.36 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 1.56 and a beta of 1.32. The business has a 50 day simple moving average of $140.40 and a 200 day simple moving average of $130.73. Johnson Controls International plc has a 52 week low of $100.86 and a 52 week high of $149.10. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.04.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The business had revenue of $6.14 billion during the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. On average, research analysts predict that Johnson Controls International plc will post 4.86 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

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

Analysts Set New Price Targets

JCI has been the topic of a number of research reports. Wall Street Zen upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a report on Sunday, May 3rd. Wolfe Research reissued an “outperform” rating and issued a $171.00 price target on shares of Johnson Controls International in a research note on Wednesday, June 3rd. Sanford C. Bernstein initiated coverage on Johnson Controls International in a research note on Tuesday. They issued an “outperform” rating and a $176.00 price target for the company. Barclays boosted their price target on Johnson Controls International from $136.00 to $144.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Johnson Controls International in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Johnson Controls International currently has a consensus rating of “Moderate Buy” and an average target price of $152.85.

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.