Alberta Investment Management Corp Acquires New Shares in Johnson Controls International plc $JCI

Alberta Investment Management Corp acquired a new position in shares of Johnson Controls International plc (NYSE:JCI) during the 4th quarter, Holdings Channel.com reports. The firm acquired 214,800 shares of the company’s stock, valued at approximately $25,722,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JCI. Brighton Jones LLC acquired a new position in shares of Johnson Controls International in the 4th quarter valued at approximately $222,000. Acadian Asset Management LLC bought a new stake in Johnson Controls International during the 1st quarter worth approximately $55,000. Sivia Capital Partners LLC raised its holdings in 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 buying an additional 3,203 shares during the period. Jump Financial LLC raised its holdings in 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 buying an additional 425 shares during the period. Finally, Federated Hermes Inc. lifted its stake in Johnson Controls International by 120.7% in the second quarter. Federated Hermes Inc. now owns 12,359 shares of the company’s stock valued at $1,305,000 after buying an additional 6,760 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on JCI shares. Morgan Stanley upped their price target on shares of Johnson Controls International from $140.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, June 9th. JPMorgan Chase & Co. raised their price objective on shares of Johnson Controls International from $158.00 to $162.00 in a report on Thursday, May 7th. Barclays boosted their price objective on shares of Johnson Controls International from $136.00 to $144.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $154.00 target price on shares of Johnson Controls International in a research note on Tuesday, June 2nd. Finally, Oppenheimer reiterated a “market perform” rating on shares of Johnson Controls International in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $152.85.

Johnson Controls International Trading Up 1.0%

Johnson Controls International stock opened at $145.07 on Friday. The company has a market cap of $88.51 billion, a price-to-earnings ratio of 25.95, a P/E/G ratio of 1.54 and a beta of 1.32. The firm has a 50-day moving average of $141.36 and a 200-day moving average of $131.67. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.85. Johnson Controls International plc has a one year low of $100.86 and a one year high of $149.38.

Johnson Controls International (NYSE:JCI) last released its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%.The business had revenue of $6.14 billion for the quarter. On average, equities analysts expect that Johnson Controls International plc will post 4.89 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

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

Insider Buying and Selling at Johnson Controls International

In other news, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Lei Zhang Schlitz sold 88,809 shares of the company’s stock in a transaction dated 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 completion of the sale, the vice president directly 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. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by company insiders.

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.