Johnson Controls International plc (NYSE:JCI) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in Johnson Controls International plc (NYSE:JCI) by 64.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,852 shares of the company’s stock after acquiring an additional 3,077 shares during the period. GAMMA Investing LLC’s holdings in Johnson Controls International were worth $522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Johnson Controls International by 17.3% during the fourth quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock worth $4,114,756,000 after buying an additional 10,522,009 shares in the last quarter. Capital World Investors boosted its position in Johnson Controls International by 85.5% during the first quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock worth $923,804,000 after acquiring an additional 6,520,580 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Johnson Controls International by 95.9% during the 1st quarter. Bank of New York Mellon Corp now owns 12,760,120 shares of the company’s stock valued at $833,491,000 after acquiring an additional 6,247,250 shares in the last quarter. Norges Bank acquired a new stake in Johnson Controls International in the 4th quarter valued at about $316,400,000. Finally, Clean Energy Transition LLP purchased a new position in Johnson Controls International in the 4th quarter worth approximately $124,553,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Trading Down 4.1 %

Shares of JCI stock traded down $2.91 on Friday, hitting $67.42. The stock had a trading volume of 10,348,378 shares, compared to its average volume of 4,792,278. The company’s 50 day moving average price is $69.25 and its 200-day moving average price is $64.46. Johnson Controls International plc has a 1 year low of $47.90 and a 1 year high of $75.36. The firm has a market capitalization of $45.04 billion, a P/E ratio of 27.30, a P/E/G ratio of 1.72 and a beta of 1.28. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.65.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.06. The business had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.53 billion. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 earnings per share. Analysts anticipate that Johnson Controls International plc will post 3.67 earnings per share for the current year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Monday, June 24th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Monday, June 24th. Johnson Controls International’s payout ratio is currently 59.92%.

Insider Activity at Johnson Controls International

In other news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $70.71, for a total transaction of $82,518.57. Following the completion of the transaction, the chief operating officer now directly owns 103,866 shares of the company’s stock, valued at $7,344,364.86. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, VP Daniel C. Mcconeghy sold 9,342 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $65.50, for a total value of $611,901.00. Following the transaction, the vice president now owns 25,378 shares of the company’s stock, valued at $1,662,259. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $70.71, for a total value of $82,518.57. Following the sale, the chief operating officer now directly owns 103,866 shares of the company’s stock, valued at $7,344,364.86. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,048 shares of company stock worth $1,234,530. Company insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

JCI has been the subject of a number of analyst reports. Wells Fargo & Company upped their price target on Johnson Controls International from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday. Robert W. Baird raised their target price on Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a research note on Thursday. Oppenheimer boosted their price target on shares of Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Citigroup raised their price objective on shares of Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, UBS Group lowered shares of Johnson Controls International from a “buy” rating to a “neutral” rating and decreased their target price for the company from $74.00 to $68.00 in a report on Monday, May 6th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $67.69.

Johnson Controls International Company Profile

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.