Quantinno Capital Management LP Raises Stock Position in Johnson Controls International plc $JCI

Quantinno Capital Management LP boosted its stake in Johnson Controls International plc (NYSE:JCI) by 75.2% in the first quarter, HoldingsChannel reports. The firm owned 711,364 shares of the company’s stock after acquiring an additional 305,405 shares during the period. Quantinno Capital Management LP’s holdings in Johnson Controls International were worth $93,153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in JCI. Mirae Asset Global Investments Co. Ltd. increased its position in Johnson Controls International by 14.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 112,411 shares of the company’s stock valued at $13,461,000 after acquiring an additional 14,446 shares during the last quarter. Diversified Management Inc. bought a new position in Johnson Controls International in the fourth quarter valued at about $1,310,000. Abacus Wealth Partners LLC purchased a new position in Johnson Controls International in the fourth quarter worth about $1,233,000. Vista Investment Partners LLC purchased a new position in Johnson Controls International in the fourth quarter worth about $4,202,000. Finally, North Dakota State Investment Board bought a new stake in shares of Johnson Controls International during the 4th quarter valued at about $2,712,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Stock Down 0.0%

JCI stock opened at $143.35 on Tuesday. The business’s 50-day moving average price is $141.96 and its 200-day moving average price is $136.33. The stock has a market cap of $87.46 billion, a P/E ratio of 25.64, a PEG ratio of 1.54 and a beta of 1.31. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64. Johnson Controls International plc has a twelve month low of $102.09 and a twelve month high of $151.18.

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

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Johnson Controls International’s dividend payout ratio is 28.62%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Sunday, May 3rd. Sanford C. Bernstein started coverage on shares of Johnson Controls International in a research report on Tuesday, June 9th. They issued an “outperform” rating and a $176.00 price target on the stock. Morgan Stanley lifted 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 note on Tuesday, June 9th. Jefferies Financial Group boosted their price objective on shares of Johnson Controls International from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, April 15th. Finally, Zacks Research upgraded Johnson Controls International from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Johnson Controls International presently has a consensus rating of “Moderate Buy” and an average price target of $152.85.

Insiders Place Their Bets

In related news, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the transaction, the vice president owned 26,215 shares in the company, valued at approximately $3,832,633. The trade was a 6.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Lei Zhang Schlitz sold 88,809 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the completion of the transaction, the vice president directly owned 57,059 shares of the company’s stock, valued at $8,044,748.41. This represents a 60.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.29% of the company’s stock.

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.