Bank of New York Mellon Corp Boosts Stake in Johnson Controls International plc $JCI

Bank of New York Mellon Corp raised its position in Johnson Controls International plc (NYSE:JCI) by 2.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,151,784 shares of the company’s stock after purchasing an additional 91,914 shares during the period. Bank of New York Mellon Corp’s holdings in Johnson Controls International were worth $497,176,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JCI. Brighton Jones LLC purchased a new stake in Johnson Controls International in the 4th quarter valued at about $222,000. Acadian Asset Management LLC purchased a new stake in shares of Johnson Controls International during the 1st quarter worth approximately $55,000. Sivia Capital Partners LLC increased its stake in shares of Johnson Controls International by 83.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company’s stock worth $745,000 after purchasing an additional 3,203 shares during the last quarter. Jump Financial LLC increased its stake in shares of Johnson Controls International by 3.5% during the 2nd quarter. Jump Financial LLC now owns 12,578 shares of the company’s stock worth $1,328,000 after purchasing an additional 425 shares during 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 during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In other news, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the sale, the vice president owned 57,059 shares in the company, valued at $8,044,748.41. This represents a 60.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.29% of the stock is currently owned by insiders.

Johnson Controls International Trading Up 3.6%

Shares of JCI opened at $147.11 on Thursday. Johnson Controls International plc has a twelve month low of $100.86 and a twelve month high of $148.38. The stock has a market cap of $89.75 billion, a PE ratio of 26.32, a P/E/G ratio of 1.54 and a beta of 1.32. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64. The business’s 50-day moving average price is $138.76 and its 200-day moving average price is $129.39.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The firm had revenue of $6.14 billion during the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. On average, equities analysts forecast that Johnson Controls International plc will post 4.86 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. BNP Paribas Exane assumed 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 target for the company. Morgan Stanley raised their price target on shares of Johnson Controls International from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 11th. Jefferies Financial Group raised their price target on shares of Johnson Controls International from $125.00 to $135.00 and gave the stock a “hold” rating in a research note on Wednesday, April 15th. Wolfe Research restated an “outperform” rating and set a $171.00 price target on shares of Johnson Controls International in a research note on Wednesday. Finally, Citigroup raised their price target on shares of Johnson Controls International from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Eleven analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $149.79.

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.