HighTower Advisors LLC Purchases 20,256 Shares of Johnson Controls International plc $JCI

HighTower Advisors LLC boosted its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 2.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 722,606 shares of the company’s stock after purchasing an additional 20,256 shares during the quarter. HighTower Advisors LLC owned about 0.12% of Johnson Controls International worth $105,580,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. California State Teachers Retirement System boosted its holdings in shares of Johnson Controls International by 13,757.3% in the 2nd quarter. California State Teachers Retirement System now owns 135,035,593 shares of the company’s stock worth $19,730,050,000 after purchasing an additional 134,061,119 shares during the period. Norges Bank purchased a new stake in Johnson Controls International during the 4th quarter valued at $927,739,000. Viking Global Investors LP raised its holdings in Johnson Controls International by 368.5% during the 3rd quarter. Viking Global Investors LP now owns 6,796,942 shares of the company’s stock valued at $747,324,000 after buying an additional 5,346,130 shares during the period. Amundi lifted its position in Johnson Controls International by 157.2% in the first quarter. Amundi now owns 5,965,212 shares of the company’s stock worth $781,145,000 after buying an additional 3,646,047 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Johnson Controls International by 140.8% in the second quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock worth $483,281,000 after buying an additional 2,675,157 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Trading Down 0.0%

JCI stock opened at $144.87 on Monday. Johnson Controls International plc has a 12 month low of $104.03 and a 12 month high of $157.06. The firm’s 50-day moving average is $144.69 and its 200 day moving average is $141.30. The company has a market capitalization of $87.75 billion, a PE ratio of 25.19, a P/E/G ratio of 1.39 and a beta of 1.29. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.00 and a quick ratio of 0.83.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Thursday, July 30th. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.12. The business had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.46 billion. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 EPS. On average, research analysts anticipate that Johnson Controls International plc will post 5.08 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on JCI shares. Wolfe Research reaffirmed an “outperform” rating and set a $171.00 price objective on shares of Johnson Controls International in a research note on Wednesday, June 3rd. Zacks Research downgraded shares of Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Royal Bank Of Canada raised their target price on shares of Johnson Controls International from $154.00 to $161.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Wall Street Zen cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Argus set a $175.00 price target on shares of Johnson Controls International in a report on Friday, August 7th. Twelve investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $155.75.

Insider Activity at Johnson Controls International

In related news, VP Lei Schlitz sold 23,417 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total value of $3,584,440.19. Following the transaction, the vice president owned 15,017 shares of the company’s stock, valued at $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Todd Grabowski sold 1,800 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total value of $263,160.00. Following the transaction, the vice president owned 26,215 shares in the company, 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 corporate insiders.

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.