82,258 Shares in Johnson Controls International plc $JCI Acquired by Nissay Asset Management Corp Japan

Nissay Asset Management Corp Japan bought a new position in shares of Johnson Controls International plc (NYSE:JCI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 82,258 shares of the company’s stock, valued at approximately $12,019,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in Johnson Controls International in the fourth quarter valued at approximately $222,000. Acadian Asset Management LLC purchased a new position in Johnson Controls International during the first quarter worth approximately $55,000. Sivia Capital Partners LLC raised its stake in Johnson Controls International by 83.3% during the second 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 during the period. Jump Financial LLC boosted its holdings in shares of Johnson Controls International by 3.5% in the 2nd quarter. Jump Financial LLC now owns 12,578 shares of the company’s stock valued at $1,328,000 after purchasing an additional 425 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of 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 last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Trading Down 2.0%

Shares of JCI opened at $139.33 on Friday. The stock’s 50-day moving average is $144.93 and its two-hundred day moving average is $141.23. The stock has a market cap of $84.40 billion, a PE ratio of 24.23, a P/E/G ratio of 1.34 and a beta of 1.31. Johnson Controls International plc has a 12 month low of $103.82 and a 12 month high of $157.06. 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 (NYSE:JCI) last posted its earnings results on Thursday, July 30th. The company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.12. The business had revenue of $6.61 billion during the quarter, compared to analyst estimates of $6.46 billion. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 earnings per share. Equities analysts forecast that Johnson Controls International plc will post 5.08 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.60 annualized dividend and a yield of 1.1%. Johnson Controls International’s dividend payout ratio (DPR) is 27.83%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on JCI. Weiss Ratings reissued a “buy (b)” rating on shares of Johnson Controls International in a research note on Tuesday, June 9th. Wall Street Zen cut Johnson Controls International from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Barclays boosted their price target on Johnson Controls International from $136.00 to $144.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. The Goldman Sachs Group upped their price target on Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Finally, UBS Group restated a “buy” rating on shares of Johnson Controls International in a report on Thursday, July 30th. Twelve research 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, Johnson Controls International presently has an average rating of “Hold” and a consensus price target of $155.50.

Insider Buying and Selling

In other news, VP Lei Zhang Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the sale, the vice president owned 15,017 shares in the company, valued at $2,298,652.19. This trade represents a 60.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the transaction, the vice president directly owned 26,215 shares in the company, valued at approximately $3,832,633. The trade was a 6.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.29% of the company’s stock.

Johnson Controls International Company 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.