Fifth Third Bancorp Acquires 4,705 Shares of Johnson Controls International plc $JCI

Fifth Third Bancorp raised its holdings in Johnson Controls International plc (NYSE:JCI) by 6.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,614 shares of the company’s stock after acquiring an additional 4,705 shares during the quarter. Fifth Third Bancorp’s holdings in Johnson Controls International were worth $10,033,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of Johnson Controls International in the fourth quarter worth about $222,000. Acadian Asset Management LLC bought a new position in shares of Johnson Controls International in the 1st quarter valued at approximately $55,000. Sivia Capital Partners LLC raised its stake in shares of Johnson Controls International by 83.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company’s stock valued at $745,000 after acquiring an additional 3,203 shares in the last quarter. Jump Financial LLC lifted its holdings in Johnson Controls International by 3.5% in 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. lifted its holdings in Johnson Controls International by 120.7% in 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. 90.05% of the stock is owned by institutional investors.

Insider Buying and Selling at Johnson Controls International

In related news, VP Lei Zhang Schlitz sold 88,809 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $140.99, for a total value of $12,521,180.91. Following the sale, the vice president owned 57,059 shares of the company’s stock, valued at $8,044,748.41. The trade was a 60.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of the company’s stock in a transaction 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 completion of the sale, the vice president owned 26,215 shares in the company, valued at $3,832,633. This trade represents a 6.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on the company. Jefferies Financial Group increased their price target on Johnson Controls International from $125.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, April 15th. Morgan Stanley upped their price objective on shares of Johnson Controls International from $140.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, June 9th. The Goldman Sachs Group raised their target price 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. Robert W. Baird lifted their target price on shares of Johnson Controls International from $132.00 to $148.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Finally, Evercore started coverage on shares of Johnson Controls International in a research report on Monday, April 13th. They set a “hold” rating and a $155.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Johnson Controls International currently has an average rating of “Moderate Buy” and an average target price of $152.85.

Johnson Controls International Stock Performance

NYSE JCI opened at $142.79 on Thursday. Johnson Controls International plc has a twelve month low of $102.09 and a twelve month high of $151.18. 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 has a market cap of $87.12 billion, a P/E ratio of 25.54, a PEG ratio of 1.56 and a beta of 1.31. The company’s 50-day simple moving average is $141.86 and its 200 day simple moving average is $135.11.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results 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%. As a group, research analysts forecast that Johnson Controls International plc will post 4.9 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

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

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.