Lombard Odier Asset Management Switzerland SA Makes New $2.30 Million Investment in Johnson Controls International plc $JCI

Lombard Odier Asset Management Switzerland SA acquired a new stake in Johnson Controls International plc (NYSE:JCI) during the 1st quarter, Holdings Channel reports. The fund acquired 17,550 shares of the company’s stock, valued at approximately $2,298,000.

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

Insider Activity at Johnson Controls International

In other news, VP Lei Zhang Schlitz sold 88,809 shares of Johnson Controls International stock in a transaction on 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 sale, the vice president directly owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. The trade was a 60.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was 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 $3,832,633. The trade was a 6.43% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on JCI shares. Sanford C. Bernstein began coverage on Johnson Controls International in a report on Tuesday, June 9th. They issued an “outperform” rating and a $176.00 price objective for the company. Evercore started coverage on Johnson Controls International in a report on Monday, April 13th. They set a “hold” rating and a $155.00 target price on the stock. Wall Street Zen upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Sunday, May 3rd. Royal Bank Of Canada reissued a “sector perform” rating and issued a $154.00 price target on shares of Johnson Controls International in a research note on Tuesday, June 2nd. Finally, HSBC raised their price objective on Johnson Controls International from $127.00 to $136.00 in a research report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $152.85.

Johnson Controls International Price Performance

JCI stock opened at $143.35 on Monday. The company has a market capitalization of $87.46 billion, a P/E ratio of 25.64, a price-to-earnings-growth ratio of 1.54 and a beta of 1.31. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.04. Johnson Controls International plc has a 52-week low of $102.09 and a 52-week high of $151.18. The business has a 50-day simple moving average of $141.84 and a two-hundred day simple moving average of $136.12.

Johnson Controls International (NYSE:JCI) last posted its 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 firm had revenue of $6.14 billion for the quarter. Research analysts expect that Johnson Controls International plc will post 4.9 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

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

About Johnson Controls International

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.