Adams Diversified Equity Fund Inc. Purchases 28,000 Shares of Johnson Controls International plc $JCI

Adams Diversified Equity Fund Inc. raised its position in Johnson Controls International plc (NYSE:JCI) by 16.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 199,000 shares of the company’s stock after purchasing an additional 28,000 shares during the quarter. Adams Diversified Equity Fund Inc.’s holdings in Johnson Controls International were worth $23,830,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Aptus Capital Advisors LLC raised its position in shares of Johnson Controls International by 6.5% during the fourth quarter. Aptus Capital Advisors LLC now owns 7,696 shares of the company’s stock worth $922,000 after acquiring an additional 472 shares during the last quarter. Jacobi Capital Management LLC raised its position in shares of Johnson Controls International by 2.2% during the fourth quarter. Jacobi Capital Management LLC now owns 4,834 shares of the company’s stock worth $579,000 after acquiring an additional 104 shares during the last quarter. CreativeOne Wealth LLC raised its position in shares of Johnson Controls International by 258.5% during the fourth quarter. CreativeOne Wealth LLC now owns 19,715 shares of the company’s stock worth $2,361,000 after acquiring an additional 14,215 shares during the last quarter. Kestra Advisory Services LLC raised its position in shares of Johnson Controls International by 20.0% during the fourth quarter. Kestra Advisory Services LLC now owns 48,312 shares of the company’s stock worth $5,785,000 after acquiring an additional 8,064 shares during the last quarter. Finally, Transamerica Financial Advisors LLC raised its position in shares of Johnson Controls International by 99.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 418 shares of the company’s stock worth $50,000 after acquiring an additional 208 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on JCI shares. JPMorgan Chase & Co. raised their price objective on Johnson Controls International from $158.00 to $162.00 in a research report on Thursday, May 7th. Wells Fargo & Company raised their price objective on Johnson Controls International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Weiss Ratings restated a “buy (b)” rating on shares of Johnson Controls International in a research report on Tuesday. Wall Street Zen upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Sunday, May 3rd. Finally, UBS Group raised their price objective on Johnson Controls International from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have given a Hold rating and one has assigned 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.

Johnson Controls International Stock Up 0.6%

JCI stock opened at $144.83 on Friday. Johnson Controls International plc has a twelve month low of $100.86 and a twelve month high of $149.10. 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 stock’s 50 day moving average is $140.40 and its 200-day moving average is $130.73. The firm has a market capitalization of $88.36 billion, a PE ratio of 25.91, a P/E/G ratio of 1.57 and a beta of 1.32.

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

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be paid a $0.40 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Johnson Controls International’s payout ratio is presently 28.62%.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total value of $263,160.00. Following the sale, the vice president directly owned 26,215 shares in the company, valued at $3,832,633. The trade was a 6.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Lei Zhang Schlitz sold 88,809 shares of the business’s 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 completion of the sale, the vice president owned 57,059 shares in the company, valued at approximately $8,044,748.41. The trade was a 60.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.29% of the company’s stock.

Johnson Controls International 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.