Pacer Advisors Inc. Raises Stake in Johnson Controls International plc $JCI

Pacer Advisors Inc. boosted its position in Johnson Controls International plc (NYSE:JCI) by 37.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 123,606 shares of the company’s stock after purchasing an additional 33,868 shares during the quarter. Pacer Advisors Inc.’s holdings in Johnson Controls International were worth $14,802,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of JCI. Norges Bank purchased a new stake in shares of Johnson Controls International in the 4th quarter valued at $927,739,000. Viking Global Investors LP raised its position in Johnson Controls International by 368.5% in the 3rd quarter. Viking Global Investors LP now owns 6,796,942 shares of the company’s stock worth $747,324,000 after purchasing an additional 5,346,130 shares during the period. Ameriprise Financial Inc. lifted its stake in Johnson Controls International by 140.8% in the second quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock worth $483,281,000 after purchasing an additional 2,675,157 shares during the last quarter. Invesco Ltd. lifted its stake in Johnson Controls International by 13.0% in the fourth quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock worth $1,916,417,000 after purchasing an additional 1,837,220 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in Johnson Controls International by 93,932.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,809,184 shares of the company’s stock valued at $216,650,000 after buying an additional 1,807,260 shares during the period. 90.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Wall Street Zen raised Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Sunday, May 3rd. JPMorgan Chase & Co. boosted their price objective on Johnson Controls International from $158.00 to $162.00 in a research report on Thursday, May 7th. Sanford C. Bernstein began coverage on shares of Johnson Controls International in a report on Tuesday, June 9th. They set an “outperform” rating and a $176.00 target price for the company. The Goldman Sachs Group boosted their target price on Johnson Controls International from $169.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Finally, Barclays upped their target price on Johnson Controls International from $136.00 to $144.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $152.85.

Insider Buying and Selling

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 88,809 shares of Johnson Controls International 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 owned 57,059 shares in the company, valued at approximately $8,044,748.41. The trade was a 60.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $263,160.00. Following the transaction, the vice president owned 26,215 shares of the company’s stock, valued at $3,832,633. The trade was a 6.43% decrease in their position. The SEC filing for this sale provides additional information. 0.29% of the stock is owned by company insiders.

Johnson Controls International Trading Up 0.2%

NYSE:JCI opened at $145.07 on Friday. The firm has a market capitalization of $88.51 billion, a P/E ratio of 25.95, a PEG ratio of 1.56 and a beta of 1.32. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.85. Johnson Controls International plc has a one year low of $100.86 and a one year high of $149.38. The company’s 50-day simple moving average is $141.48 and its 200 day simple moving average is $131.76.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. The business had revenue of $6.14 billion during the quarter. As a group, analysts forecast that Johnson Controls International plc will post 4.89 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, June 15th. Johnson Controls International’s dividend payout ratio (DPR) is 28.62%.

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.