Elevation Point Wealth Partners LLC Increases Holdings in Johnson Controls International plc $JCI

Elevation Point Wealth Partners LLC boosted its stake in shares of Johnson Controls International plc (NYSE:JCI) by 774.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,052 shares of the company’s stock after purchasing an additional 34,586 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Johnson Controls International were worth $5,129,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC purchased a new position in Johnson Controls International in the 4th quarter worth about $222,000. Acadian Asset Management LLC bought a new stake in shares of Johnson Controls International during the first quarter valued at approximately $55,000. Sivia Capital Partners LLC raised its stake in shares of Johnson Controls International by 83.3% during the second quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company’s stock valued at $745,000 after acquiring an additional 3,203 shares in the last quarter. Jump Financial LLC boosted its holdings in shares of Johnson Controls International by 3.5% in the second quarter. Jump Financial LLC now owns 12,578 shares of the company’s stock valued at $1,328,000 after purchasing an additional 425 shares during the period. Finally, Federated Hermes Inc. raised its holdings in shares of Johnson Controls International by 120.7% in the second quarter. Federated Hermes Inc. now owns 12,359 shares of the company’s stock valued at $1,305,000 after acquiring an additional 6,760 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. HSBC raised their target price on shares of Johnson Controls International from $127.00 to $136.00 in a research report on Thursday, May 7th. Mizuho boosted their price objective 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. Evercore began coverage on Johnson Controls International in a report on Monday, April 13th. They set a “hold” rating and a $155.00 target price for the company. Morgan Stanley lifted their price target on Johnson Controls International from $140.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, June 9th. Finally, Wells Fargo & Company lifted their target price on Johnson Controls International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $152.85.

Insiders Place Their Bets

In other news, VP Todd M. Grabowski sold 1,800 shares of the 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 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction dated Friday, May 8th. The shares were 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 approximately $8,044,748.41. This trade represents a 60.88% decrease in their ownership of the stock. 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 Stock Up 0.0%

Shares of NYSE JCI opened at $140.79 on Friday. The company has a 50 day simple moving average of $141.99 and a 200-day simple moving average of $133.70. The company has a market capitalization of $85.90 billion, a P/E ratio of 25.19, a P/E/G ratio of 1.51 and a beta of 1.31. Johnson Controls International plc has a 1 year low of $102.09 and a 1 year high of $151.18. 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 (NYSE:JCI) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 EPS 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. On average, equities research analysts predict that Johnson Controls International plc will post 4.9 earnings per share for the current year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is 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%.

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.