Nissay Asset Management Corp Japan Acquires Shares of 82,258 Johnson Controls International plc $JCI

Nissay Asset Management Corp Japan acquired a new position in shares of Johnson Controls International plc (NYSE:JCI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 82,258 shares of the company’s stock, valued at approximately $12,019,000.

A number of other institutional investors also recently made changes to their positions in JCI. Mcguire Capital Advisors Inc. acquired a new stake in shares of Johnson Controls International during the fourth quarter worth approximately $27,000. Twin Tree Management LP increased its stake in shares of Johnson Controls International by 140.9% in the fourth quarter. Twin Tree Management LP now owns 260 shares of the company’s stock worth $31,000 after buying an additional 895 shares during the last quarter. Fourth Dimension Wealth LLC raised its holdings in Johnson Controls International by 51.3% in the second quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock valued at $34,000 after acquiring an additional 78 shares in the last quarter. First Bancorp Inc ME acquired a new stake in Johnson Controls International in the second quarter valued at $34,000. Finally, SJS Investment Consulting Inc. boosted its stake in Johnson Controls International by 747.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 288 shares of the company’s stock valued at $38,000 after acquiring an additional 254 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Stock Performance

Shares of JCI opened at $139.33 on Friday. The business’s fifty day moving average price is $144.93 and its 200 day moving average price is $141.23. Johnson Controls International plc has a 12-month low of $103.82 and a 12-month high of $157.06. The stock has a market capitalization of $84.40 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 1.34 and a beta of 1.31. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.00 and a quick ratio of 0.83.

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

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were issued a $0.40 dividend. 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 payout ratio is 27.83%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Oppenheimer reissued a “market perform” rating on shares of Johnson Controls International in a report on Tuesday, June 2nd. JPMorgan Chase & Co. upped their target price on shares of Johnson Controls International from $158.00 to $162.00 in a research note on Thursday, May 7th. The Goldman Sachs Group increased their price target on shares of Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Wolfe Research reiterated an “outperform” rating and issued a $171.00 price target on shares of Johnson Controls International in a research note on Wednesday, June 3rd. Finally, Argus set a $175.00 price objective on Johnson Controls International in a report on Friday, August 7th. Twelve investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $155.50.

Insider Activity

In related news, VP Lei Zhang Schlitz sold 23,417 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of the business’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 directly owned 26,215 shares of the company’s stock, valued at approximately $3,832,633. This represents a 6.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.29% of the company’s stock.

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.