Johnson Controls International plc $JCI Stock Position Raised by Ritholtz Wealth Management

Ritholtz Wealth Management increased its stake in Johnson Controls International plc (NYSE:JCI) by 28.8% during the first quarter, HoldingsChannel.com reports. The fund owned 19,699 shares of the company’s stock after buying an additional 4,404 shares during the period. Ritholtz Wealth Management’s holdings in Johnson Controls International were worth $2,580,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State Street Corp boosted its position in shares of Johnson Controls International by 0.6% in the 3rd quarter. State Street Corp now owns 28,684,645 shares of the company’s stock valued at $3,165,286,000 after purchasing an additional 163,167 shares during the period. Franklin Resources Inc. raised its holdings in Johnson Controls International by 3.3% during the 4th quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock worth $2,712,949,000 after buying an additional 718,245 shares during the period. Fisher Asset Management LLC raised its holdings in Johnson Controls International by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 17,239,953 shares of the company’s stock worth $2,064,485,000 after buying an additional 280,704 shares during the period. Invesco Ltd. lifted its stake in Johnson Controls International by 13.0% during the fourth quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock valued at $1,916,417,000 after buying an additional 1,837,220 shares in the last quarter. Finally, Norges Bank purchased a new stake in Johnson Controls International during the fourth quarter valued at about $927,739,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Price Performance

Shares of JCI opened at $138.62 on Friday. The company has a market capitalization of $84.57 billion, a price-to-earnings ratio of 24.80, a P/E/G ratio of 1.56 and a beta of 1.32. Johnson Controls International plc has a fifty-two week low of $102.09 and a fifty-two week high of $149.38. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.85. The business’s 50-day moving average is $141.69 and its 200-day moving average is $132.76.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The business had revenue of $6.14 billion during the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. Equities research analysts expect that Johnson Controls International plc will post 4.89 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

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

Insiders Place Their Bets

In other news, VP Lei Zhang Schlitz sold 88,809 shares of the company’s stock in a transaction on 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 transaction, the vice president directly owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. This represents a 60.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Todd M. Grabowski sold 1,800 shares of the 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 sale, the vice president owned 26,215 shares of the company’s stock, valued at approximately $3,832,633. This represents a 6.43% 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.

Wall Street Analysts Forecast Growth

JCI has been the topic of several analyst reports. Jefferies Financial Group lifted their target price on shares of Johnson Controls International from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, April 15th. Oppenheimer restated a “market perform” rating on shares of Johnson Controls International in a research report on Tuesday, June 2nd. Evercore initiated coverage on shares of Johnson Controls International in a research note on Monday, April 13th. They issued a “hold” rating and a $155.00 price objective for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Johnson Controls International in a research report on Tuesday, June 9th. Finally, Robert W. Baird boosted their target price on shares of Johnson Controls International from $132.00 to $148.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Johnson Controls International has a consensus rating of “Moderate Buy” and a consensus target price of $152.85.

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.