Swiss Life Asset Management Ltd Buys New Holdings in Johnson Controls International plc $JCI

Swiss Life Asset Management Ltd purchased a new position in Johnson Controls International plc (NYSE:JCI) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 158,769 shares of the company’s stock, valued at approximately $23,198,000.

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

Johnson Controls International Trading Up 1.5%

JCI stock opened at $153.73 on Friday. The company’s 50-day simple moving average is $144.91 and its 200-day simple moving average is $139.75. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61. Johnson Controls International plc has a 52-week low of $103.07 and a 52-week high of $157.06. The firm has a market cap of $93.12 billion, a P/E ratio of 26.74, a PEG ratio of 1.46 and a beta of 1.31.

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

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders 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 of this dividend was Monday, June 15th. Johnson Controls International’s dividend payout ratio (DPR) is presently 27.83%.

Wall Street Analysts Forecast Growth

JCI has been the subject of several analyst reports. HSBC boosted their price objective on Johnson Controls International from $127.00 to $136.00 in a report on Thursday, May 7th. Argus set a $175.00 price target on Johnson Controls International in a research report on Friday, August 7th. Sanford C. Bernstein boosted their price target on Johnson Controls International from $173.00 to $190.00 and gave the company an “outperform” rating in a report on Friday. Citigroup boosted their price target on Johnson Controls International from $155.00 to $157.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Finally, Morgan Stanley raised their price objective on shares of Johnson Controls International from $140.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 9th. Twelve investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $155.50.

Insider Activity at Johnson Controls International

In other news, VP Lei Zhang Schlitz sold 23,417 shares of the company’s 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 transaction, the vice president directly owned 15,017 shares of the company’s stock, valued at $2,298,652.19. This represents a 60.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Todd M. Grabowski sold 1,800 shares of the 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 transaction, the vice president owned 26,215 shares in the company, valued at $3,832,633. This trade represents a 6.43% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is currently owned by company 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.