Handelsbanken Fonder AB Grows Stake in Johnson Controls International plc $JCI

Handelsbanken Fonder AB grew its holdings in Johnson Controls International plc (NYSE:JCI) by 17.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 60,894 shares of the company’s stock after acquiring an additional 8,959 shares during the quarter. Handelsbanken Fonder AB’s holdings in Johnson Controls International were worth $7,292,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in JCI. Brighton Jones LLC acquired a new stake in shares of Johnson Controls International in the 4th quarter valued at about $222,000. Acadian Asset Management LLC acquired a new stake in shares of Johnson Controls International in the 1st quarter valued at about $55,000. Sivia Capital Partners LLC boosted its position in shares of Johnson Controls International by 83.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company’s stock valued at $745,000 after purchasing an additional 3,203 shares during the period. Jump Financial LLC boosted its position in shares of Johnson Controls International by 3.5% in the 2nd quarter. Jump Financial LLC now owns 12,578 shares of the company’s stock valued at $1,328,000 after purchasing an additional 425 shares during the period. Finally, Federated Hermes Inc. boosted its position in shares of Johnson Controls International by 120.7% in the 2nd quarter. Federated Hermes Inc. now owns 12,359 shares of the company’s stock valued at $1,305,000 after purchasing an additional 6,760 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on JCI shares. Morgan Stanley upped their target price on Johnson Controls International from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, March 11th. Evercore started coverage on Johnson Controls International in a research report on Monday, April 13th. They issued a “hold” rating and a $155.00 target price for the company. The Goldman Sachs Group upped their target price on Johnson Controls International from $154.00 to $158.00 and gave the company a “buy” rating in a research report on Tuesday, April 7th. Mizuho upped their target price on Johnson Controls International from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Jefferies Financial Group upped their target price on Johnson Controls International from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, April 15th. Eleven investment 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 has an average rating of “Hold” and an average target price of $147.63.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, 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 value of $12,521,180.91. Following the completion of the transaction, the vice president directly 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Daniel C. Mcconeghy sold 3,600 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $142.56, for a total transaction of $513,216.00. Following the completion of the transaction, the vice president directly owned 24,273 shares of the company’s stock, valued at approximately $3,460,358.88. This trade represents a 12.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.29% of the company’s stock.

Johnson Controls International Stock Up 2.2%

Johnson Controls International stock opened at $138.51 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.85. Johnson Controls International plc has a 1-year low of $96.31 and a 1-year high of $147.32. The company has a market cap of $84.51 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 1.49 and a beta of 1.37. The stock’s 50 day moving average price is $137.64 and its 200 day moving average price is $128.25.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share for the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%.The firm had revenue of $6.14 billion for the quarter. On average, sell-side analysts predict that Johnson Controls International plc will post 4.87 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Monday, March 16th were paid a $0.40 dividend. The ex-dividend date was Monday, March 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. Johnson Controls International’s dividend payout ratio (DPR) is 28.62%.

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.