Johnson Controls International plc $JCI Shares Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC raised its stake in shares of Johnson Controls International plc (NYSE:JCI) by 127.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 7,827 shares of the company’s stock after acquiring an additional 4,392 shares during the quarter. Proficio Capital Partners LLC’s holdings in Johnson Controls International were worth $1,144,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of JCI. Natural Investments LLC increased its stake in shares of Johnson Controls International by 2.5% during the second quarter. Natural Investments LLC now owns 3,008 shares of the company’s stock worth $439,000 after purchasing an additional 72 shares in the last quarter. Baron Wealth Management LLC lifted its stake in Johnson Controls International by 1.6% in the 2nd quarter. Baron Wealth Management LLC now owns 4,705 shares of the company’s stock valued at $687,000 after buying an additional 75 shares in the last quarter. Diversify Wealth Management LLC boosted its holdings in Johnson Controls International by 2.0% in the 2nd quarter. Diversify Wealth Management LLC now owns 3,868 shares of the company’s stock worth $555,000 after buying an additional 76 shares during the last quarter. Resonant Capital Advisors LLC boosted its holdings in Johnson Controls International by 1.5% in the 2nd quarter. Resonant Capital Advisors LLC now owns 5,063 shares of the company’s stock worth $742,000 after buying an additional 77 shares during the last quarter. Finally, Fourth Dimension Wealth LLC increased its stake in Johnson Controls International by 51.3% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock worth $34,000 after buying an additional 78 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on JCI shares. JPMorgan Chase & Co. lifted their target price on shares of Johnson Controls International from $158.00 to $162.00 in a research note on Thursday, May 7th. Royal Bank Of Canada increased their target price on shares of Johnson Controls International from $154.00 to $161.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Mizuho raised their price target on shares of Johnson Controls International from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Morgan Stanley boosted their price target on shares of Johnson Controls International from $140.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 9th. Finally, HSBC upped their price objective on shares of Johnson Controls International from $127.00 to $136.00 in a research note on Thursday, May 7th. Twelve research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Johnson Controls International currently has a consensus rating of “Hold” and an average target price of $155.50.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $139.37 on Wednesday. The business’s 50 day moving average price is $144.69 and its 200 day moving average price is $141.23. The company has a market cap of $84.42 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 1.33 and a beta of 1.29. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00. Johnson Controls International plc has a one year low of $103.82 and a one year high of $157.06.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Thursday, July 30th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $6.61 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the prior year, the business earned $1.05 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. On average, research analysts predict that Johnson Controls International plc will post 5.08 EPS for the current year.

Insider Activity

In related news, VP Todd M. Grabowski sold 1,800 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total value of $263,160.00. Following the completion of the sale, the vice president owned 26,215 shares of the company’s stock, valued at approximately $3,832,633. This represents a 6.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Lei Zhang Schlitz sold 23,417 shares of the firm’s stock in a transaction dated 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 sale, the vice president owned 15,017 shares of the company’s stock, valued at approximately $2,298,652.19. The trade was a 60.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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.