Meeder Asset Management Inc. Buys 1,973 Shares of Johnson Controls International PLC (NYSE:JCI)

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Meeder Asset Management Inc. grew its stake in Johnson Controls International PLC (NYSE:JCI) by 5,059.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,012 shares of the company’s stock after purchasing an additional 1,973 shares during the period. Meeder Asset Management Inc.’s holdings in Johnson Controls International were worth $83,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cornerstone Advisors Inc. raised its holdings in shares of Johnson Controls International by 9.5% in the second quarter. Cornerstone Advisors Inc. now owns 2,805 shares of the company’s stock worth $116,000 after buying an additional 244 shares during the period. Wrapmanager Inc. raised its holdings in shares of Johnson Controls International by 1.5% in the second quarter. Wrapmanager Inc. now owns 19,869 shares of the company’s stock worth $821,000 after buying an additional 288 shares during the period. Signaturefd LLC raised its holdings in shares of Johnson Controls International by 7.7% in the second quarter. Signaturefd LLC now owns 4,177 shares of the company’s stock worth $173,000 after buying an additional 299 shares during the period. Oakworth Capital Inc. raised its holdings in shares of Johnson Controls International by 21.2% in the second quarter. Oakworth Capital Inc. now owns 1,721 shares of the company’s stock worth $71,000 after buying an additional 301 shares during the period. Finally, Bollard Group LLC increased its holdings in Johnson Controls International by 0.4% during the 1st quarter. Bollard Group LLC now owns 78,352 shares of the company’s stock worth $2,894,000 after purchasing an additional 330 shares during the period. 98.20% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:JCI opened at $41.73 on Wednesday. Johnson Controls International PLC has a 12-month low of $28.30 and a 12-month high of $43.22. The business’s fifty day simple moving average is $41.74 and its 200-day simple moving average is $38.69. The company has a market capitalization of $32.85 billion, a PE ratio of 14.75, a P/E/G ratio of 2.20 and a beta of 0.94. The company has a current ratio of 1.41, a quick ratio of 1.19 and a debt-to-equity ratio of 0.32.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. Johnson Controls International had a return on equity of 9.02% and a net margin of 22.38%. The business had revenue of $6.45 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same period last year, the business posted $0.81 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. Research analysts predict that Johnson Controls International PLC will post 1.94 EPS for the current year.

Several research analysts have commented on JCI shares. JPMorgan Chase & Co. upgraded Johnson Controls International from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $31.00 to $35.00 in a report on Monday, July 8th. Citigroup started coverage on Johnson Controls International in a report on Wednesday, June 5th. They set a “buy” rating and a $45.00 price objective on the stock. TheStreet upgraded Johnson Controls International from a “c+” rating to a “b-” rating in a report on Thursday, May 9th. Credit Suisse Group started coverage on Johnson Controls International in a report on Monday, May 13th. They set a “neutral” rating and a $42.00 price objective on the stock. Finally, Barclays started coverage on Johnson Controls International in a report on Wednesday, June 12th. They set an “equal weight” rating and a $39.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $39.30.

In other news, insider Rodney M. Rushing sold 10,853 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $41.63, for a total value of $451,810.39. Following the completion of the sale, the insider now owns 53,594 shares of the company’s stock, valued at approximately $2,231,118.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Oliver sold 11,481 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $38.90, for a total value of $446,610.90. Following the completion of the sale, the chief executive officer now directly owns 870,354 shares of the company’s stock, valued at approximately $33,856,770.60. The disclosure for this sale can be found here. Insiders sold a total of 117,830 shares of company stock worth $4,879,558 over the last quarter. Company insiders own 0.50% of the company’s stock.

About Johnson Controls International

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.

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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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