MOR Wealth Management LLC Buys Shares of 4,159 Johnson Controls International plc $JCI

MOR Wealth Management LLC purchased a new stake in shares of Johnson Controls International plc (NYSE:JCI) in the second quarter, according to its most recent filing with the SEC. The firm purchased 4,159 shares of the company’s stock, valued at approximately $608,000.

Several other institutional investors have also modified their holdings of JCI. Norges Bank acquired a new stake in shares of Johnson Controls International in the 4th quarter worth approximately $927,739,000. Viking Global Investors LP raised its holdings in Johnson Controls International by 368.5% during the third quarter. Viking Global Investors LP now owns 6,796,942 shares of the company’s stock worth $747,324,000 after purchasing an additional 5,346,130 shares during the last quarter. Amundi raised its holdings in Johnson Controls International by 157.2% during the first quarter. Amundi now owns 5,965,212 shares of the company’s stock worth $781,145,000 after purchasing an additional 3,646,047 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Johnson Controls International by 140.8% during the second quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock worth $483,281,000 after purchasing an additional 2,675,157 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Johnson Controls International by 13.0% during the fourth quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock worth $1,916,417,000 after purchasing an additional 1,837,220 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Up 1.9%

Shares of NYSE:JCI opened at $144.87 on Friday. 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 plc has a 52-week low of $104.03 and a 52-week high of $157.06. The stock’s fifty day simple moving average is $144.69 and its 200-day simple moving average is $141.29. The company has a market capitalization of $87.75 billion, a P/E ratio of 25.19, a P/E/G ratio of 1.37 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.12. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.The firm had revenue of $6.61 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter last year, the business posted $1.05 EPS. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. As a group, equities research analysts forecast that Johnson Controls International plc will post 5.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on JCI. Oppenheimer restated a “market perform” rating on shares of Johnson Controls International in a research report on Tuesday, June 2nd. Sanford C. Bernstein boosted their price objective on shares of Johnson Controls International from $173.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Citigroup increased their price objective on shares of Johnson Controls International from $155.00 to $157.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Wall Street Zen downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, The Goldman Sachs Group lifted their target price 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. Twelve analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Johnson Controls International currently has an average rating of “Hold” and an average price target of $155.75.

Insider Activity

In other Johnson Controls International news, VP Lei Schlitz sold 23,417 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the sale, the vice president directly owned 15,017 shares of the company’s stock, valued at $2,298,652.19. This trade represents a 60.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Todd Grabowski sold 1,800 shares of Johnson Controls International stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction 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 trade represents 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 company 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.