Czech National Bank Grows Stock Position in Johnson Controls International plc $JCI

Czech National Bank boosted its holdings in Johnson Controls International plc (NYSE:JCI) by 4.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 173,662 shares of the company’s stock after buying an additional 6,968 shares during the period. Czech National Bank’s holdings in Johnson Controls International were worth $25,374,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Maseco LLP grew its stake in shares of Johnson Controls International by 102.9% during the 4th quarter. Maseco LLP now owns 211 shares of the company’s stock valued at $25,000 after buying an additional 107 shares during the period. Mcguire Capital Advisors Inc. purchased a new stake in Johnson Controls International during the fourth quarter valued at about $27,000. Twin Tree Management LP increased its stake in 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 acquiring an additional 895 shares during the last quarter. SJS Investment Consulting Inc. increased its stake in Johnson Controls International by 747.1% during the first quarter. SJS Investment Consulting Inc. now owns 288 shares of the company’s stock worth $38,000 after acquiring an additional 254 shares during the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Johnson Controls International in the 4th quarter worth about $38,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JCI. Oppenheimer reaffirmed a “market perform” rating on shares of Johnson Controls International in a research note on Tuesday, June 2nd. Royal Bank Of Canada raised their price target on shares of Johnson Controls International from $154.00 to $161.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Robert W. Baird lifted their price target on shares of Johnson Controls International from $132.00 to $148.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. Citigroup boosted their price objective on shares of Johnson Controls International from $155.00 to $157.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Finally, The Goldman Sachs Group increased their price objective on shares of Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Johnson Controls International currently has an average rating of “Moderate Buy” and an average target price of $154.80.

Johnson Controls International Stock Down 1.4%

JCI stock opened at $152.43 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61. The firm has a 50 day simple moving average of $143.93 and a 200-day simple moving average of $138.42. The company has a market capitalization of $92.33 billion, a P/E ratio of 26.51, a PEG ratio of 1.49 and a beta of 1.31. Johnson Controls International plc has a twelve month low of $103.07 and a twelve month high of $157.06.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results 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. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The firm had revenue of $6.61 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the prior year, the company posted $1.05 earnings per share. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities research analysts predict that Johnson Controls International plc will post 5.08 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

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

Insider Transactions at Johnson Controls International

In other news, VP Todd M. Grabowski sold 1,800 shares of the company’s 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 sale, the vice president owned 26,215 shares in the company, valued at approximately $3,832,633. This represents a 6.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Lei Zhang Schlitz sold 23,417 shares of the stock in a transaction dated 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 transaction, the vice president directly owned 15,017 shares in the company, valued at $2,298,652.19. The trade was a 60.93% decrease in their position. 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 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.