Van Hulzen Asset Management LLC Makes New $6.30 Million Investment in Johnson Controls International plc $JCI

Van Hulzen Asset Management LLC acquired a new position in Johnson Controls International plc (NYSE:JCI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 52,572 shares of the company’s stock, valued at approximately $6,295,000.

A number of other institutional investors and hedge funds have also made changes to their positions in JCI. Viking Global Investors LP grew its stake in shares of Johnson Controls International by 368.5% in the 3rd quarter. Viking Global Investors LP now owns 6,796,942 shares of the company’s stock worth $747,324,000 after buying an additional 5,346,130 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Johnson Controls International by 140.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock worth $483,281,000 after acquiring an additional 2,675,157 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Johnson Controls International by 23.3% in the 3rd quarter. First Trust Advisors LP now owns 3,519,724 shares of the company’s stock worth $386,994,000 after acquiring an additional 665,782 shares during the last quarter. Man Group plc lifted its holdings in shares of Johnson Controls International by 148.1% in the 2nd quarter. Man Group plc now owns 832,921 shares of the company’s stock worth $87,973,000 after acquiring an additional 497,221 shares during the last quarter. Finally, Interval Partners LP lifted its holdings in shares of Johnson Controls International by 793.0% in the 3rd quarter. Interval Partners LP now owns 513,401 shares of the company’s stock worth $56,448,000 after acquiring an additional 455,907 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Johnson Controls International

In related news, VP Lei Zhang Schlitz sold 88,809 shares of Johnson Controls International 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 owned 57,059 shares in the company, valued at $8,044,748.41. This trade represents a 60.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Daniel C. Mcconeghy sold 3,600 shares of Johnson Controls International stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $142.56, for a total transaction of $513,216.00. Following the sale, the vice president owned 24,273 shares of the company’s stock, valued at $3,460,358.88. The trade was a 12.92% 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 Trading Down 1.7%

Shares of JCI opened at $135.43 on Friday. Johnson Controls International plc has a 1-year low of $96.31 and a 1-year high of $147.32. The company has a 50-day moving average of $137.57 and a 200 day moving average of $128.17. The firm has a market capitalization of $82.63 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 1.52 and a beta of 1.37. 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 announced its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 earnings per share for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. The company had revenue of $6.14 billion during the quarter. On average, research analysts expect that Johnson Controls International plc will post 4.87 EPS for the current year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Monday, March 16th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, March 16th. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. Johnson Controls International’s dividend payout ratio (DPR) is presently 28.62%.

Wall Street Analysts Forecast Growth

JCI has been the subject of several analyst reports. Mizuho raised their target price on shares of Johnson Controls International from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Royal Bank Of Canada raised their target price on shares of Johnson Controls International from $139.00 to $154.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. HSBC raised their target price on shares of Johnson Controls International from $127.00 to $136.00 in a report on Thursday, May 7th. Robert W. Baird raised 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, Wall Street Zen upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating in a report on Sunday, May 3rd. Eleven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $147.63.

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.