Birmingham Capital Management Co. Inc. AL Takes $1.46 Million Position in Johnson Controls International plc $JCI

Birmingham Capital Management Co. Inc. AL purchased a new position in Johnson Controls International plc (NYSE:JCI) during the second quarter, HoldingsChannel.com reports. The fund purchased 10,005 shares of the company’s stock, valued at approximately $1,462,000.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC purchased a new position in Johnson Controls International during the fourth quarter valued at approximately $222,000. Acadian Asset Management LLC bought a new stake in Johnson Controls International during the 1st quarter worth approximately $55,000. Sivia Capital Partners LLC lifted its stake in Johnson Controls International by 83.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company’s stock worth $745,000 after purchasing an additional 3,203 shares in the last quarter. Jump Financial LLC lifted its stake 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 in the last quarter. Finally, Federated Hermes Inc. boosted 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 valued at $1,305,000 after purchasing an additional 6,760 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Johnson Controls International in a research report on Tuesday, June 9th. Wall Street Zen downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Wells Fargo & Company lifted their price objective on Johnson Controls International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Argus set a $175.00 target price on Johnson Controls International in a research report on Friday, August 7th. Finally, Sanford C. Bernstein upped their target price on Johnson Controls International from $173.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Twelve equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $155.50.

Insiders Place Their Bets

In related news, VP Todd M. Grabowski sold 1,800 shares of the stock in a transaction on Tuesday, June 9th. The stock was 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 $3,832,633. This represents a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Lei Zhang Schlitz sold 23,417 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total value of $3,584,440.19. Following the sale, the vice president owned 15,017 shares in the company, valued at $2,298,652.19. The trade was a 60.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is owned by corporate insiders.

Johnson Controls International Trading Up 1.9%

Shares of Johnson Controls International stock opened at $144.52 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.00 and a quick ratio of 0.83. Johnson Controls International plc has a 1 year low of $103.82 and a 1 year high of $157.06. The firm has a market cap of $87.54 billion, a PE ratio of 25.13, a PEG ratio of 1.36 and a beta of 1.31. The company has a 50 day simple moving average of $145.10 and a two-hundred day simple moving average of $141.21.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.12. The firm had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.46 billion. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.05 EPS. Analysts expect that Johnson Controls International plc will post 5.08 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 $0.40 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.60 annualized dividend and a yield of 1.1%. Johnson Controls International’s payout ratio is 27.83%.

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.