Sumitomo Mitsui Trust Group Inc. Has $191.33 Million Holdings in Johnson Controls International plc $JCI

Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,309,521 shares of the company’s stock after acquiring an additional 5,652 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Johnson Controls International were worth $191,334,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Mcguire Capital Advisors Inc. purchased a new stake in shares of Johnson Controls International in the fourth quarter worth approximately $27,000. Twin Tree Management LP boosted its holdings in shares of Johnson Controls International by 140.9% during the fourth quarter. Twin Tree Management LP now owns 260 shares of the company’s stock worth $31,000 after purchasing an additional 895 shares during the period. SJS Investment Consulting Inc. grew its position in Johnson Controls International by 747.1% during the first quarter. SJS Investment Consulting Inc. now owns 288 shares of the company’s stock valued at $38,000 after purchasing an additional 254 shares in the last quarter. NBT Bank N.A. grew its position in Johnson Controls International by 233.3% during the second quarter. NBT Bank N.A. now owns 340 shares of the company’s stock valued at $50,000 after purchasing an additional 238 shares in the last quarter. Finally, Elevation Wealth Partners LLC increased its stake in Johnson Controls International by 359.5% in the 2nd quarter. Elevation Wealth Partners LLC now owns 363 shares of the company’s stock valued at $53,000 after buying an additional 284 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on JCI. Citigroup increased their target price on shares of Johnson Controls International from $155.00 to $157.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Wolfe Research restated an “outperform” rating and set a $171.00 price target on shares of Johnson Controls International in a report on Wednesday, June 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a research note on Tuesday, June 9th. Sanford C. Bernstein increased their price objective on Johnson Controls International from $173.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Morgan Stanley lifted their price objective on Johnson Controls International from $140.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, June 9th. Twelve analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $155.50.

Johnson Controls International Price Performance

NYSE JCI opened at $153.73 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $93.12 billion, a PE ratio of 26.74, a price-to-earnings-growth ratio of 1.46 and a beta of 1.31. The company has a 50 day moving average price of $144.91 and a two-hundred day moving average price of $139.75. Johnson Controls International plc has a 12-month low of $103.07 and a 12-month high of $157.06.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.30 by $0.12. The company had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.46 billion. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. Johnson Controls International’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.05 EPS. As a group, equities analysts predict that Johnson Controls International plc will post 5.08 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Monday, June 15th. Johnson Controls International’s dividend payout ratio is presently 27.83%.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Todd M. Grabowski sold 1,800 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the transaction, the vice president directly owned 26,215 shares in the company, valued at $3,832,633. This trade represents a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lei Zhang Schlitz sold 23,417 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total value of $3,584,440.19. Following the completion of the sale, the vice president directly owned 15,017 shares of the company’s stock, valued at $2,298,652.19. This represents a 60.93% decrease in their position. The disclosure for this sale is available in the SEC filing. 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.