Diamant Asset Management Inc. Has $62.92 Million Stock Position in Johnson Controls International plc $JCI

Diamant Asset Management Inc. boosted its holdings in Johnson Controls International plc (NYSE:JCI) by 11,624.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 480,456 shares of the company’s stock after purchasing an additional 476,358 shares during the quarter. Diamant Asset Management Inc.’s holdings in Johnson Controls International were worth $62,916,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Regents Gate Capital LLP boosted its position in shares of Johnson Controls International by 17.4% during the 3rd quarter. Regents Gate Capital LLP now owns 86,144 shares of the company’s stock worth $9,472,000 after purchasing an additional 12,774 shares in the last quarter. Bright Futures Wealth Management LLC. bought a new stake in Johnson Controls International in the 3rd quarter valued at about $583,000. Elo Mutual Pension Insurance Co increased its position in Johnson Controls International by 23.7% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 75,021 shares of the company’s stock valued at $8,249,000 after buying an additional 14,354 shares in the last quarter. Nordea Investment Management AB raised its stake in Johnson Controls International by 6.7% during the 4th quarter. Nordea Investment Management AB now owns 2,276,753 shares of the company’s stock worth $274,235,000 after buying an additional 142,429 shares during the period. Finally, Kepler Cheuvreux Suisse SA acquired a new position in Johnson Controls International during the 3rd quarter worth approximately $2,345,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Stock Performance

Shares of JCI opened at $138.62 on Friday. The firm has a market capitalization of $84.57 billion, a P/E ratio of 24.80, a P/E/G ratio of 1.49 and a beta of 1.32. Johnson Controls International plc has a 52 week low of $102.09 and a 52 week high of $149.38. The stock has a 50 day moving average price of $141.69 and a two-hundred day moving average price of $132.76. 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 (NYSE:JCI) last announced its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%.The company had revenue of $6.14 billion for the quarter. Equities analysts forecast that Johnson Controls International plc will post 4.89 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be paid a $0.40 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. Johnson Controls International’s dividend payout ratio is presently 28.62%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on JCI shares. Jefferies Financial Group raised their price objective on Johnson Controls International from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, April 15th. Oppenheimer reaffirmed a “market perform” rating on shares of Johnson Controls International in a research report on Tuesday, June 2nd. Wall Street Zen upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a report on Sunday, May 3rd. Wells Fargo & Company lifted their price target on shares of Johnson Controls International from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, The Goldman Sachs Group boosted their price target on shares of Johnson Controls International from $169.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $152.85.

Insider Activity

In other Johnson Controls International 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 completion of the sale, the vice president directly owned 26,215 shares of the company’s stock, 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 is accessible through the SEC website. Also, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction dated 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 owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. This trade represents a 60.88% 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.