Chicago Partners Investment Group LLC Boosts Stock Position in Johnson Controls International plc $JCI

Chicago Partners Investment Group LLC increased its stake in shares of Johnson Controls International plc (NYSE:JCI) by 33.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,802 shares of the company’s stock after purchasing an additional 4,463 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Johnson Controls International were worth $2,551,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JCI. Mcguire Capital Advisors Inc. acquired a new position in Johnson Controls International in the 4th quarter valued at $27,000. Twin Tree Management LP lifted its stake in shares of Johnson Controls International by 140.9% in the 4th quarter. Twin Tree Management LP now owns 260 shares of the company’s stock worth $31,000 after acquiring an additional 895 shares during the period. SJS Investment Consulting Inc. boosted its holdings in shares of Johnson Controls International by 747.1% in the first quarter. SJS Investment Consulting Inc. now owns 288 shares of the company’s stock valued at $38,000 after acquiring an additional 254 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of Johnson Controls International in the fourth quarter valued at about $47,000. Finally, Webster Bank N. A. acquired a new position in shares of Johnson Controls International during the first quarter worth about $50,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Stock Up 1.5%

Shares of NYSE JCI opened at $153.73 on Friday. The stock has a market capitalization of $93.12 billion, a price-to-earnings ratio of 26.74, a price-to-earnings-growth ratio of 1.46 and a beta of 1.31. Johnson Controls International plc has a 52 week low of $103.07 and a 52 week high of $157.06. The firm has a 50-day moving average price of $144.91 and a 200 day moving average price of $139.75. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.12. The company had revenue of $6.61 billion during 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% on a year-over-year basis. During the same period last year, the firm earned $1.05 EPS. Equities research analysts anticipate that Johnson Controls International plc will post 5.08 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Monday, June 15th. Johnson Controls International’s payout ratio is presently 27.83%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on JCI shares. Robert W. Baird increased their price target on shares of Johnson Controls International from $132.00 to $148.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Wall Street Zen cut Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Morgan Stanley increased their target price on Johnson Controls International from $140.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 9th. Wells Fargo & Company raised their price target on Johnson Controls International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, The Goldman Sachs Group lifted their price target on Johnson Controls International from $169.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. 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, Johnson Controls International presently has a consensus rating of “Hold” and an average price target of $155.50.

Insiders Place Their Bets

In other Johnson Controls International news, VP Todd M. Grabowski sold 1,800 shares of the company’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 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lei Zhang Schlitz sold 23,417 shares of the firm’s 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 transaction, 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 position. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by 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.