Baker Avenue Asset Management LP Raises Holdings in Johnson Controls International plc $JCI

Baker Avenue Asset Management LP boosted its stake in shares of Johnson Controls International plc (NYSE:JCI) by 1.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 194,645 shares of the company’s stock after acquiring an additional 3,715 shares during the quarter. Baker Avenue Asset Management LP’s holdings in Johnson Controls International were worth $23,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the business. Godfrey Financial Associates Inc. purchased a new stake in Johnson Controls International in the 4th quarter worth approximately $51,000. IFG Advisory LLC lifted its holdings in Johnson Controls International by 1.8% in the 4th quarter. IFG Advisory LLC now owns 34,574 shares of the company’s stock worth $4,140,000 after buying an additional 607 shares during the period. Huntington National Bank lifted its holdings in Johnson Controls International by 12.8% in the 4th quarter. Huntington National Bank now owns 24,477 shares of the company’s stock worth $2,931,000 after buying an additional 2,783 shares during the period. Fidelis Capital Partners LLC lifted its holdings in Johnson Controls International by 6.3% in the 4th quarter. Fidelis Capital Partners LLC now owns 3,281 shares of the company’s stock worth $393,000 after buying an additional 194 shares during the period. Finally, Knights of Columbus Asset Advisors LLC purchased a new stake in Johnson Controls International in the 4th quarter worth approximately $613,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

JCI has been the subject of several research analyst reports. Morgan Stanley increased their price objective on Johnson Controls International from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, March 11th. Evercore initiated coverage on Johnson Controls International in a research report on Monday, April 13th. They issued a “hold” rating and a $155.00 target price for the company. Wolfe Research decreased their target price on Johnson Controls International from $161.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. Mizuho increased their target price on Johnson Controls International from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Rothschild & Co Redburn increased their target price on Johnson Controls International from $137.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Eleven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Johnson Controls International currently has a consensus rating of “Hold” and an average price target of $147.63.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 88,809 shares of Johnson Controls International stock in a transaction on Friday, May 8th. The stock was sold at an average price of $140.99, for a total value of $12,521,180.91. Following the completion of the sale, the vice president owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. This trade represents a 60.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.29% of the company’s stock.

Johnson Controls International Stock Down 1.4%

Shares of NYSE:JCI opened at $138.20 on Thursday. The stock has a market capitalization of $84.32 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 1.52 and a beta of 1.37. The stock has a fifty day simple moving average of $138.14 and a two-hundred day simple moving average of $128.80. Johnson Controls International plc has a 12-month low of $99.11 and a 12-month high of $147.32. 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 (NYSE:JCI) last posted its 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 return on equity of 19.50% and a net margin of 14.45%. On average, research analysts anticipate that Johnson Controls International plc will post 4.86 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Monday, March 16th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. Johnson Controls International’s dividend payout ratio (DPR) is presently 28.62%.

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.