Calamos Wealth Management LLC Purchases 53,561 Shares of Johnson Controls International plc $JCI

Calamos Wealth Management LLC grew its position in shares of Johnson Controls International plc (NYSE:JCI) by 3,053.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,315 shares of the company’s stock after purchasing an additional 53,561 shares during the quarter. Calamos Wealth Management LLC’s holdings in Johnson Controls International were worth $7,243,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in JCI. Norges Bank bought a new position in Johnson Controls International in the 4th quarter valued at approximately $927,739,000. Viking Global Investors LP boosted its position in Johnson Controls International by 368.5% during the 3rd quarter. Viking Global Investors LP now owns 6,796,942 shares of the company’s stock worth $747,324,000 after buying an additional 5,346,130 shares during the period. Ameriprise Financial Inc. boosted its position in Johnson Controls International by 140.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock worth $483,281,000 after buying an additional 2,675,157 shares during the period. Invesco Ltd. grew its holdings in Johnson Controls International by 13.0% during the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock worth $1,916,417,000 after acquiring an additional 1,837,220 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings in Johnson Controls International by 93,932.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,809,184 shares of the company’s stock worth $216,650,000 after acquiring an additional 1,807,260 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Johnson Controls International from $158.00 to $162.00 in a research note on Thursday, May 7th. Barclays boosted their price objective on shares of Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Sanford C. Bernstein initiated coverage on Johnson Controls International in a report on Tuesday, June 9th. They issued an “outperform” rating and a $176.00 price objective for the company. UBS Group raised their target price on Johnson Controls International from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Finally, Evercore began coverage on Johnson Controls International in a report on Monday, April 13th. They set a “hold” rating and a $155.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Johnson Controls International currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.85.

Insider Buying and Selling at Johnson Controls International

In other news, VP Todd M. 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 value of $263,160.00. Following the transaction, the vice president directly owned 26,215 shares of the company’s stock, valued at $3,832,633. The trade was a 6.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the vice president owned 57,059 shares in the company, valued at approximately $8,044,748.41. The trade was a 60.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is owned by insiders.

Johnson Controls International Stock Performance

NYSE:JCI opened at $143.98 on Tuesday. 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 plc has a fifty-two week low of $102.09 and a fifty-two week high of $151.18. The company has a 50 day simple moving average of $141.87 and a two-hundred day simple moving average of $134.79. The company has a market capitalization of $87.84 billion, a PE ratio of 25.76, a P/E/G ratio of 1.53 and a beta of 1.31.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. The firm had revenue of $6.14 billion for the quarter. Research analysts anticipate that Johnson Controls International plc will post 4.92 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Monday, June 15th. Johnson Controls International’s dividend payout ratio (DPR) is currently 28.62%.

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.