Bleakley Financial Group LLC Raises Stock Position in Johnson Controls International plc $JCI

Bleakley Financial Group LLC raised its stake in Johnson Controls International plc (NYSE:JCI) by 24.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 20,028 shares of the company’s stock after buying an additional 3,959 shares during the quarter. Bleakley Financial Group LLC’s holdings in Johnson Controls International were worth $2,398,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in JCI. Brighton Jones LLC purchased a new position in Johnson Controls International in the fourth quarter valued at about $222,000. Acadian Asset Management LLC purchased a new position in Johnson Controls International in the first quarter valued at about $55,000. Sivia Capital Partners LLC increased its holdings in Johnson Controls International by 83.3% in the second quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company’s stock valued at $745,000 after buying an additional 3,203 shares in the last quarter. Jump Financial LLC increased its holdings in Johnson Controls International by 3.5% in the second quarter. Jump Financial LLC now owns 12,578 shares of the company’s stock valued at $1,328,000 after buying an additional 425 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of Johnson Controls International by 120.7% during the 2nd quarter. Federated Hermes Inc. now owns 12,359 shares of the company’s stock worth $1,305,000 after purchasing an additional 6,760 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Stock Down 1.4%

Shares of JCI opened at $138.20 on Thursday. The firm has a market cap of $84.32 billion, a PE ratio of 24.72, a price-to-earnings-growth ratio of 1.52 and a beta of 1.37. The company’s fifty day moving average is $138.14 and its two-hundred day moving average is $128.80. Johnson Controls International plc has a fifty-two week low of $99.11 and a fifty-two week high of $147.32. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share for the quarter. The company had revenue of $6.14 billion for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. Analysts forecast that Johnson Controls International plc will post 4.86 earnings per share for the current year.

Johnson Controls International Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on JCI shares. BNP Paribas Exane started coverage on shares of 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. Wolfe Research dropped their price objective on shares of Johnson Controls International from $161.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, April 8th. JPMorgan Chase & Co. raised their price objective on shares of Johnson Controls International from $158.00 to $162.00 in a research note on Thursday, May 7th. Evercore started coverage on shares of Johnson Controls International in a research note on Monday, April 13th. They set a “hold” rating and a $155.00 price objective for the company. Finally, Robert W. Baird raised their price objective on shares of Johnson Controls International from $132.00 to $148.00 and gave the stock a “neutral” rating in a research note on Monday, April 27th. Eleven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $147.63.

Insider Buying and Selling 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 shares were sold at an average price of $140.99, for a total value of $12,521,180.91. Following the transaction, the vice president owned 57,059 shares in the company, valued at $8,044,748.41. This trade represents a 60.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is currently 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.