HB Wealth Management LLC Boosts Stake in Johnson Controls International plc $JCI

HB Wealth Management LLC grew its position in shares of Johnson Controls International plc (NYSE:JCI) by 14.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,902 shares of the company’s stock after acquiring an additional 4,827 shares during the quarter. HB Wealth Management LLC’s holdings in Johnson Controls International were worth $5,094,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of JCI. Strategic Investment Advisors MI increased its position in shares of Johnson Controls International by 1.5% in the fourth quarter. Strategic Investment Advisors MI now owns 5,389 shares of the company’s stock worth $645,000 after acquiring an additional 78 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Johnson Controls International by 2.5% during the 4th quarter. UMB Bank n.a. now owns 3,261 shares of the company’s stock valued at $391,000 after acquiring an additional 79 shares in the last quarter. Lcnb Corp boosted its position in Johnson Controls International by 4.0% during the 4th quarter. Lcnb Corp now owns 2,094 shares of the company’s stock worth $251,000 after purchasing an additional 81 shares during the period. Moss Adams Wealth Advisors LLC boosted its position in Johnson Controls International by 4.8% during the 1st quarter. Moss Adams Wealth Advisors LLC now owns 1,888 shares of the company’s stock worth $248,000 after purchasing an additional 86 shares during the period. Finally, Millstone Evans Group LLC increased its holdings in Johnson Controls International by 2.6% in the 4th quarter. Millstone Evans Group LLC now owns 3,427 shares of the company’s stock valued at $410,000 after purchasing an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on JCI. BNP Paribas Exane began coverage on Johnson Controls International in a research report on Tuesday, April 14th. They issued an “underperform” rating and a $120.00 price objective on the stock. Citigroup increased their target price on Johnson Controls International from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Oppenheimer reiterated a “market perform” rating on shares of Johnson Controls International in a report on Tuesday, June 2nd. Royal Bank Of Canada reissued a “sector perform” rating and set a $154.00 price target on shares of Johnson Controls International in a research report on Tuesday, June 2nd. Finally, Morgan Stanley upped their price target on Johnson Controls International from $140.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Johnson Controls International currently has a consensus rating of “Moderate Buy” and an average target price of $152.85.

Insider Buying and Selling

In other news, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the completion of the transaction, the vice president directly owned 57,059 shares in the company, valued at approximately $8,044,748.41. This represents a 60.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total value of $263,160.00. Following the transaction, the vice president owned 26,215 shares of the company’s stock, valued at approximately $3,832,633. This trade represents a 6.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.29% of the company’s stock.

Johnson Controls International Stock Up 0.0%

Shares of Johnson Controls International stock opened at $140.79 on Monday. The business has a 50-day moving average of $141.99 and a 200-day moving average of $133.82. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.85. The company has a market capitalization of $85.90 billion, a PE ratio of 25.19, a P/E/G ratio of 1.51 and a beta of 1.31. Johnson Controls International plc has a 1-year low of $102.09 and a 1-year high of $151.18.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The business had revenue of $6.14 billion for the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. As a group, equities analysts forecast that Johnson Controls International plc will post 4.9 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis 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%.

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.