Stance Capital LLC Makes New Investment in Johnson Controls International plc $JCI

Stance Capital LLC bought a new stake in shares of Johnson Controls International plc (NYSE:JCI) in the 4th quarter, HoldingsChannel reports. The fund bought 16,414 shares of the company’s stock, valued at approximately $1,966,000.

A number of other institutional investors and hedge funds also recently modified their holdings of JCI. Rockefeller Capital Management L.P. grew its position in shares of Johnson Controls International by 49.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 515,941 shares of the company’s stock valued at $61,785,000 after buying an additional 169,741 shares during the last quarter. World Investment Advisors lifted its holdings in Johnson Controls International by 2.5% in the fourth quarter. World Investment Advisors now owns 70,569 shares of the company’s stock worth $8,451,000 after acquiring an additional 1,694 shares during the last quarter. Winthrop Partners WNY LLC acquired a new position in Johnson Controls International in the fourth quarter valued at approximately $2,088,000. Pure Financial Advisors LLC boosted its stake in Johnson Controls International by 5.0% in the fourth quarter. Pure Financial Advisors LLC now owns 2,976 shares of the company’s stock valued at $356,000 after acquiring an additional 141 shares during the period. Finally, SHP Wealth Management bought a new position in shares of Johnson Controls International during the fourth quarter valued at approximately $134,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Stock Performance

JCI opened at $145.07 on Friday. The business’s 50 day moving average is $141.48 and its 200-day moving average is $131.76. The stock has a market cap of $88.51 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 1.56 and a beta of 1.32. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. Johnson Controls International plc has a twelve month low of $100.86 and a twelve month high of $149.38.

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

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, June 15th. Johnson Controls International’s dividend payout ratio (DPR) is 28.62%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Wolfe Research reiterated an “outperform” rating and set a $171.00 price target on shares of Johnson Controls International in a research report on Wednesday, June 3rd. Evercore started coverage on Johnson Controls International in a research report on Monday, April 13th. They set a “hold” rating and a $155.00 price objective for the company. BNP Paribas Exane assumed coverage on Johnson Controls International in a research note on Tuesday, April 14th. They set an “underperform” rating and a $120.00 price objective for the company. Citigroup increased their target price on Johnson Controls International from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Morgan Stanley raised their target price on Johnson Controls International from $140.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $152.85.

Insider Transactions at Johnson Controls International

In related news, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction dated 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 completion of the transaction, the vice president owned 57,059 shares in the company, valued at $8,044,748.41. This represents a 60.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the transaction, the vice president directly owned 26,215 shares in the company, valued at approximately $3,832,633. The trade was a 6.43% decrease in their position. The SEC filing for this sale provides additional information. 0.29% of the stock is owned by insiders.

About Johnson Controls International

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.