Continuum Advisory LLC Increases Stake in Johnson Controls International plc $JCI

Continuum Advisory LLC increased its stake in Johnson Controls International plc (NYSE:JCI) by 545.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,052 shares of the company’s stock after purchasing an additional 9,340 shares during the period. Continuum Advisory LLC’s holdings in Johnson Controls International were worth $1,615,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. State Street Corp raised its holdings in shares of Johnson Controls International by 0.6% in the third quarter. State Street Corp now owns 28,684,645 shares of the company’s stock worth $3,165,286,000 after buying an additional 163,167 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Johnson Controls International by 3.3% in the 4th quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock valued at $2,712,949,000 after acquiring an additional 718,245 shares during the period. Fisher Asset Management LLC raised its stake in Johnson Controls International by 1.7% in the 4th quarter. Fisher Asset Management LLC now owns 17,239,953 shares of the company’s stock worth $2,064,485,000 after acquiring an additional 280,704 shares during the last quarter. Invesco Ltd. raised its stake in Johnson Controls International by 13.0% in the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock worth $1,916,417,000 after acquiring an additional 1,837,220 shares during the last quarter. Finally, Norges Bank acquired a new stake in Johnson Controls International during the 4th quarter worth about $927,739,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Activity

In related news, VP Lei Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the completion of the transaction, the vice president directly owned 15,017 shares in the company, valued at approximately $2,298,652.19. This trade represents a 60.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Todd Grabowski sold 1,800 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the vice president directly owned 26,215 shares of the company’s stock, valued at $3,832,633. The trade was a 6.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Argus set a $175.00 price target on Johnson Controls International in a research note on Friday, August 7th. Weiss Ratings restated a “buy (b)” rating on shares of Johnson Controls International in a research note on Tuesday, June 9th. JPMorgan Chase & Co. lifted their target price on Johnson Controls International from $158.00 to $162.00 in a report on Thursday, May 7th. Oppenheimer reiterated a “market perform” rating on shares of Johnson Controls International in a research report on Tuesday, June 2nd. Finally, Mizuho increased their price target on shares of Johnson Controls International from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Twelve equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $155.75.

Johnson Controls International Price Performance

Shares of JCI opened at $142.20 on Friday. The business’s 50-day moving average is $144.56 and its two-hundred day moving average is $141.26. The company has a market capitalization of $86.14 billion, a P/E ratio of 24.73, a P/E/G ratio of 1.34 and a beta of 1.29. Johnson Controls International plc has a fifty-two week low of $104.03 and a fifty-two week high of $157.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00.

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

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.