Johnson Controls International plc $JCI Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management raised its stake in Johnson Controls International plc (NYSE:JCI) by 28.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 19,699 shares of the company’s stock after purchasing an additional 4,404 shares during the period. Ritholtz Wealth Management’s holdings in Johnson Controls International were worth $2,580,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Regents Gate Capital LLP increased its stake in Johnson Controls International by 17.4% during the third quarter. Regents Gate Capital LLP now owns 86,144 shares of the company’s stock valued at $9,472,000 after purchasing an additional 12,774 shares during the last quarter. Bright Futures Wealth Management LLC. bought a new position in shares of Johnson Controls International in the 3rd quarter worth about $583,000. Elo Mutual Pension Insurance Co lifted its position in shares of Johnson Controls International by 23.7% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 75,021 shares of the company’s stock worth $8,249,000 after buying an additional 14,354 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Johnson Controls International by 6.7% in the 4th quarter. Nordea Investment Management AB now owns 2,276,753 shares of the company’s stock valued at $274,235,000 after buying an additional 142,429 shares during the period. Finally, Kepler Cheuvreux Suisse SA acquired a new position in shares of Johnson Controls International in the 3rd quarter valued at about $2,345,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $138.62 on Friday. The stock has a market cap of $84.57 billion, a P/E ratio of 24.80, a P/E/G ratio of 1.56 and a beta of 1.32. The firm’s 50-day simple moving average is $141.69 and its 200 day simple moving average is $132.76. Johnson Controls International plc has a fifty-two week low of $102.09 and a fifty-two week high of $149.38. 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 released its earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The firm had revenue of $6.14 billion for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. Equities analysts expect that Johnson Controls International plc will post 4.89 EPS for the current year.

Johnson Controls International Dividend Announcement

The company also recently declared 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. The ex-dividend date is Monday, June 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. Johnson Controls International’s dividend payout ratio (DPR) is 28.62%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on JCI shares. UBS Group increased their price objective on shares of Johnson Controls International from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. BNP Paribas Exane began coverage on Johnson Controls International in a research note on Tuesday, April 14th. They issued an “underperform” rating and a $120.00 target price for the company. Robert W. Baird upped their target price on Johnson Controls International from $132.00 to $148.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Barclays increased their price target on 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. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $154.00 price target on shares of Johnson Controls International in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Johnson Controls International currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.85.

Insiders Place Their Bets

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 88,809 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $140.99, for a total value of $12,521,180.91. Following the completion of the sale, the vice president directly owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. This represents a 60.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the completion of the transaction, the vice president directly owned 26,215 shares in the company, valued at $3,832,633. This represents a 6.43% decrease in their position. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by insiders.

Johnson Controls International 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.