Johnson Controls International plc $JCI is Electron Capital Partners LLC’s 5th Largest Position

Electron Capital Partners LLC grew its holdings in Johnson Controls International plc (NYSE:JCI) by 6.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,139,591 shares of the company’s stock after purchasing an additional 69,485 shares during the quarter. Johnson Controls International comprises approximately 6.3% of Electron Capital Partners LLC’s portfolio, making the stock its 5th largest holding. Electron Capital Partners LLC’s holdings in Johnson Controls International were worth $136,466,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in JCI. State Street Corp increased its holdings in shares of Johnson Controls International by 0.6% in the third quarter. State Street Corp now owns 28,684,645 shares of the company’s stock valued at $3,165,286,000 after purchasing an additional 163,167 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Johnson Controls International by 3.3% in the 4th quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock worth $2,712,949,000 after acquiring an additional 718,245 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Johnson Controls International by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 17,239,953 shares of the company’s stock worth $2,064,485,000 after acquiring an additional 280,704 shares during the period. Norges Bank acquired a new position in shares of Johnson Controls International during the 4th quarter valued at about $927,739,000. Finally, Capital World Investors boosted its position in shares of Johnson Controls International by 0.3% during the 3rd quarter. Capital World Investors now owns 7,535,476 shares of the company’s stock valued at $828,526,000 after acquiring an additional 19,550 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Lei Zhang Schlitz sold 88,809 shares of the firm’s stock in a transaction dated 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 sale, the vice president owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. This trade represents a 60.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Todd M. Grabowski sold 1,800 shares of the company’s 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 completion of the transaction, the vice president directly owned 26,215 shares of the company’s stock, valued at $3,832,633. This trade represents a 6.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is currently owned by company insiders.

Johnson Controls International Stock Down 0.9%

Shares of NYSE:JCI opened at $143.80 on Thursday. The firm’s 50 day moving average price is $141.12 and its 200 day moving average price is $131.46. The stock has a market cap of $87.74 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 1.56 and a beta of 1.32. Johnson Controls International plc has a fifty-two week low of $100.86 and a fifty-two week high of $149.23. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. The company had revenue of $6.14 billion for the quarter. As a group, equities research analysts predict that Johnson Controls International plc will post 4.89 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have weighed in on JCI shares. Robert W. Baird boosted their target price on shares of Johnson Controls International from $132.00 to $148.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Wolfe Research reiterated an “outperform” rating and set a $171.00 price target on shares of Johnson Controls International in a report on Wednesday, June 3rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $154.00 target price on shares of Johnson Controls International in a research report on Tuesday, June 2nd. The Goldman Sachs Group lifted their price target on shares of Johnson Controls International from $169.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Finally, UBS Group lifted their target price on shares of Johnson Controls International from $170.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Johnson Controls International currently has an average rating of “Moderate Buy” and an average price target 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.