3,669 Shares in Johnson Controls International plc $JCI Purchased by Collaborative Fund Advisors LLC

Collaborative Fund Advisors LLC purchased a new stake in shares of Johnson Controls International plc (NYSE:JCI) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,669 shares of the company’s stock, valued at approximately $536,000.

Several other hedge funds have also bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Johnson Controls International by 14.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 112,411 shares of the company’s stock worth $13,461,000 after purchasing an additional 14,446 shares in the last quarter. Abacus Wealth Partners LLC bought a new position in Johnson Controls International during the 4th quarter valued at approximately $1,233,000. North Dakota State Investment Board bought a new position in Johnson Controls International during the 4th quarter valued at approximately $2,712,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Johnson Controls International during the fourth quarter valued at $16,426,000. Finally, Catalyst Funds Management Pty Ltd raised its stake in Johnson Controls International by 536.4% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 21,000 shares of the company’s stock valued at $2,515,000 after buying an additional 17,700 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

Shares of JCI opened at $153.73 on Friday. The business’s fifty day simple moving average is $144.91 and its two-hundred day simple moving average is $139.75. The company has a current ratio of 1.00, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61. Johnson Controls International plc has a 12 month low of $103.07 and a 12 month high of $157.06. The company has a market cap of $93.12 billion, a price-to-earnings ratio of 26.74, a P/E/G ratio of 1.46 and a beta of 1.31.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.12. The firm had revenue of $6.61 billion during the quarter, compared to analysts’ expectations of $6.46 billion. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.The company’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 earnings per share. Research analysts anticipate that Johnson Controls International plc will post 5.08 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.0%. The ex-dividend date was Monday, June 15th. Johnson Controls International’s dividend payout ratio (DPR) is presently 27.83%.

Insider Transactions at Johnson Controls International

In other news, VP Todd M. Grabowski sold 1,800 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the sale, the vice president owned 26,215 shares of the company’s stock, valued at $3,832,633. This trade represents a 6.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Lei Zhang Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the completion of the sale, the vice president owned 15,017 shares of the company’s stock, valued at $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on JCI shares. Wall Street Zen cut Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Mizuho lifted their price target on Johnson Controls International from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Zacks Research cut shares of Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. UBS Group reissued a “buy” rating on shares of Johnson Controls International in a research report on Thursday, July 30th. Finally, Wolfe Research restated an “outperform” rating and set a $171.00 price objective on shares of Johnson Controls International in a research note on Wednesday, June 3rd. Twelve research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $155.50.

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.