Diversified Trust Co Boosts Position in Johnson Controls International plc $JCI

Diversified Trust Co boosted its holdings in Johnson Controls International plc (NYSE:JCI) by 289.8% in the first quarter, HoldingsChannel.com reports. The firm owned 12,353 shares of the company’s stock after buying an additional 9,184 shares during the quarter. Diversified Trust Co’s holdings in Johnson Controls International were worth $1,618,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Baron Wealth Management LLC increased its stake in Johnson Controls International by 2.3% in the first quarter. Baron Wealth Management LLC now owns 4,630 shares of the company’s stock valued at $606,000 after purchasing an additional 105 shares during the last quarter. Purpose Unlimited Inc. purchased a new stake in shares of Johnson Controls International during the 4th quarter worth approximately $287,000. Stance Capital LLC acquired a new position in shares of Johnson Controls International in the 4th quarter valued at $1,966,000. Rockefeller Capital Management L.P. boosted its holdings in shares of Johnson Controls International by 49.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 515,941 shares of the company’s stock valued at $61,785,000 after buying an additional 169,741 shares in the last quarter. Finally, World Investment Advisors grew its position in shares of Johnson Controls International by 2.5% in the 4th quarter. World Investment Advisors now owns 70,569 shares of the company’s stock valued at $8,451,000 after buying an additional 1,694 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Johnson Controls International

In related news, VP Todd M. Grabowski sold 1,800 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the transaction, the vice president owned 26,215 shares of the company’s stock, valued at $3,832,633. This trade represents a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Lei Zhang Schlitz sold 88,809 shares of the business’s stock in a transaction dated 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 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.29% of the company’s stock.

Johnson Controls International Stock Up 2.3%

JCI stock opened at $148.11 on Tuesday. The company has a fifty day moving average price of $141.61 and a 200 day moving average price of $132.11. Johnson Controls International plc has a 12 month low of $101.25 and a 12 month high of $149.38. The company has a market cap of $90.37 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 1.56 and a beta of 1.33. 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 (NYSE:JCI) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) 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%. Sell-side analysts expect that Johnson Controls International plc will post 4.89 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Johnson Controls International’s dividend payout ratio (DPR) is currently 28.62%.

Wall Street Analyst Weigh In

JCI has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Johnson Controls International from $158.00 to $162.00 in a research note on Thursday, May 7th. The Goldman Sachs Group upped their price objective on shares of Johnson Controls International from $169.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. HSBC raised their price objective on Johnson Controls International from $127.00 to $136.00 in a report on Thursday, May 7th. Jefferies Financial Group boosted their target price on Johnson Controls International from $125.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, April 15th. Finally, Citigroup upped their target price on Johnson Controls International from $150.00 to $155.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $152.85.

About Johnson Controls International

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.