Compagnie Lombard Odier SCmA Invests $360,000 in Johnson Controls International plc (NYSE:JCI)

Compagnie Lombard Odier SCmA bought a new position in shares of Johnson Controls International plc (NYSE:JCI) during the 1st quarter, Holdings Channel reports. The institutional investor bought 4,500 shares of the company’s stock, valued at approximately $360,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Ferguson Wellman Capital Management Inc. raised its position in shares of Johnson Controls International by 2.6% during the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 18,818 shares of the company’s stock worth $1,508,000 after acquiring an additional 484 shares in the last quarter. apricus wealth LLC purchased a new position in Johnson Controls International during the 1st quarter worth approximately $218,000. Fifth Third Bancorp grew its stake in Johnson Controls International by 50.7% during the 1st quarter. Fifth Third Bancorp now owns 38,828 shares of the company’s stock worth $3,111,000 after buying an additional 13,062 shares during the last quarter. Simon Quick Advisors LLC grew its stake in Johnson Controls International by 109.4% during the 1st quarter. Simon Quick Advisors LLC now owns 6,690 shares of the company’s stock worth $536,000 after buying an additional 3,495 shares during the last quarter. Finally, USA Financial Formulas purchased a new position in Johnson Controls International during the 1st quarter worth approximately $235,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on JCI. JPMorgan Chase & Co. raised their price target on Johnson Controls International from $81.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, May 16th. Oppenheimer raised their price target on Johnson Controls International from $90.00 to $96.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. Citigroup dropped their price target on Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Barclays raised their price target on Johnson Controls International from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 14th. Finally, Wells Fargo & Company raised their price target on Johnson Controls International from $100.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 4th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $97.88.

Insider Activity at Johnson Controls International

In related news, Director George Oliver sold 100,000 shares of Johnson Controls International stock in a transaction on Friday, May 9th. The stock was sold at an average price of $91.70, for a total transaction of $9,170,000.00. Following the completion of the transaction, the director now directly owns 904,305 shares of the company’s stock, valued at approximately $82,924,768.50. The trade was a 9.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $86.91, for a total value of $123,586.02. Following the transaction, the vice president now directly owns 144,704 shares of the company’s stock, valued at approximately $12,576,224.64. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,555 shares of company stock worth $13,669,414 over the last three months. 0.54% of the stock is currently owned by corporate insiders.

Johnson Controls International Stock Up 0.3%

Johnson Controls International stock opened at $103.49 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. Johnson Controls International plc has a 1-year low of $64.31 and a 1-year high of $104.15. The company has a market cap of $68.10 billion, a PE ratio of 39.50, a price-to-earnings-growth ratio of 1.96 and a beta of 1.33. The stock’s 50 day moving average price is $90.08 and its 200 day moving average price is $84.74.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same period in the previous year, the business earned $0.78 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, sell-side analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 23rd will be paid a $0.37 dividend. The ex-dividend date is Monday, June 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.43%. Johnson Controls International’s dividend payout ratio (DPR) is presently 39.47%.

About Johnson Controls International

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.