MOR Wealth Management LLC Buys New Shares in Johnson Controls International plc $JCI

MOR Wealth Management LLC bought a new position in shares of Johnson Controls International plc (NYSE:JCI) during the 2nd quarter, Holdings Channel.com reports. The firm bought 4,159 shares of the company’s stock, valued at approximately $608,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in shares of Johnson Controls International during the 4th quarter valued at about $222,000. Acadian Asset Management LLC acquired a new stake in shares of Johnson Controls International in the first quarter worth approximately $55,000. Sivia Capital Partners LLC boosted its position in shares of Johnson Controls International by 83.3% in the second quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company’s stock worth $745,000 after acquiring an additional 3,203 shares during the last quarter. Jump Financial LLC grew its holdings in Johnson Controls International by 3.5% in the second 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. grew its holdings in Johnson Controls International by 120.7% in the second 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. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Trading Up 1.9%

NYSE JCI opened at $144.87 on Friday. The firm has a market capitalization of $87.75 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 1.37 and a beta of 1.29. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00. Johnson Controls International plc has a one year low of $104.03 and a one year high of $157.06. The company’s 50 day moving average price is $144.69 and its 200 day moving average price is $141.29.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.42 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.61 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the previous year, the firm earned $1.05 earnings per share. Johnson Controls International’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, sell-side analysts predict that Johnson Controls International plc will post 5.08 EPS for the current year.

Insider Buying and Selling at Johnson Controls International

In related news, VP Todd Grabowski sold 1,800 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lei Schlitz sold 23,417 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total value of $3,584,440.19. Following the completion of the sale, the vice president owned 15,017 shares of the company’s stock, valued at approximately $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on JCI shares. The Goldman Sachs Group upped their price target 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. Oppenheimer reiterated a “market perform” rating on shares of Johnson Controls International in a report on Tuesday, June 2nd. UBS Group reissued a “buy” rating on shares of Johnson Controls International in a research note on Thursday, July 30th. Citigroup upped their price objective on Johnson Controls International from $155.00 to $157.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Finally, Wall Street Zen lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Twelve investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $155.75.

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.