Cooper Creek Partners Management LLC Makes New Investment in Johnson Controls International plc $JCI

Cooper Creek Partners Management LLC acquired a new stake in Johnson Controls International plc (NYSE:JCI) in the first quarter, Holdings Channel reports. The fund acquired 141,963 shares of the company’s stock, valued at approximately $18,590,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in Johnson Controls International by 14.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 112,411 shares of the company’s stock valued at $13,461,000 after purchasing an additional 14,446 shares in the last quarter. Diversified Management Inc. acquired a new position in Johnson Controls International during the fourth quarter worth $1,310,000. Vista Investment Partners LLC bought a new position in shares of Johnson Controls International in the fourth quarter valued at $4,202,000. Abacus Wealth Partners LLC bought a new position in shares of Johnson Controls International in the fourth quarter valued at $1,233,000. Finally, North Dakota State Investment Board bought a new stake in shares of Johnson Controls International during the fourth quarter worth about $2,712,000. Institutional investors own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In other news, VP Todd M. Grabowski sold 1,800 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was 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 represents a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction that occurred on 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 directly owned 57,059 shares of the company’s stock, valued at $8,044,748.41. The trade was a 60.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.29% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on JCI. Royal Bank Of Canada restated a “sector perform” rating and issued a $154.00 target price on shares of Johnson Controls International in a report on Tuesday, June 2nd. Robert W. Baird lifted their price target on Johnson Controls International from $132.00 to $148.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. UBS Group boosted their price objective on Johnson Controls International from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. HSBC increased their price objective on Johnson Controls International from $127.00 to $136.00 in a research note on Thursday, May 7th. Finally, Citigroup raised their target price on Johnson Controls International from $150.00 to $155.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $152.85.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $143.35 on Friday. The firm has a 50-day moving average of $141.84 and a 200-day moving average of $136.02. The company has a market cap of $87.46 billion, a P/E ratio of 25.64, a P/E/G ratio of 1.54 and a beta of 1.31. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.85. Johnson Controls International plc has a one year low of $102.09 and a one year high of $151.18.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share 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. Equities research analysts forecast that Johnson Controls International plc will post 4.9 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

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

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.