Van ECK Associates Corp Takes $5.84 Million Position in Johnson Controls International plc $JCI

Van ECK Associates Corp bought a new stake in Johnson Controls International plc (NYSE:JCI) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 39,975 shares of the company’s stock, valued at approximately $5,841,000.

A number of other hedge funds have also recently modified their holdings of JCI. Mcguire Capital Advisors Inc. bought a new position in shares of Johnson Controls International during the fourth quarter worth $27,000. Twin Tree Management LP boosted its stake in Johnson Controls International by 140.9% during the fourth quarter. Twin Tree Management LP now owns 260 shares of the company’s stock worth $31,000 after buying an additional 895 shares during the period. Fourth Dimension Wealth LLC raised its position in Johnson Controls International by 51.3% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock worth $34,000 after purchasing an additional 78 shares during the period. First Bancorp Inc ME bought a new stake in shares of Johnson Controls International during the 2nd quarter worth approximately $34,000. Finally, SJS Investment Consulting Inc. lifted its position in shares of Johnson Controls International by 747.1% during the first quarter. SJS Investment Consulting Inc. now owns 288 shares of the company’s stock worth $38,000 after purchasing an additional 254 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Insider Activity

In other Johnson Controls International news, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the completion of the sale, the vice president directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lei Zhang Schlitz sold 23,417 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the vice president directly owned 15,017 shares in the company, valued at approximately $2,298,652.19. The trade was a 60.93% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on JCI shares. Morgan Stanley raised their price objective on Johnson Controls International from $175.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday. Wolfe Research reaffirmed an “outperform” rating and set a $171.00 price target on shares of Johnson Controls International in a research report on Wednesday, June 3rd. Mizuho lifted their target price on shares of Johnson Controls International from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Royal Bank Of Canada raised their price objective on Johnson Controls International from $154.00 to $161.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Finally, UBS Group reiterated a “buy” rating on shares of Johnson Controls International in a research note on Thursday, July 30th. Twelve 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, Johnson Controls International presently has an average rating of “Hold” and an average target price of $155.75.

Johnson Controls International Stock Up 0.1%

Shares of JCI opened at $139.44 on Thursday. Johnson Controls International plc has a 52-week low of $104.03 and a 52-week high of $157.06. The company has a market capitalization of $84.47 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 1.34 and a beta of 1.29. The stock has a fifty day simple moving average of $144.63 and a two-hundred day simple moving average of $141.24. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.12. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The business had revenue of $6.61 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter in the prior year, the company posted $1.05 EPS. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, equities analysts forecast that Johnson Controls International plc will post 5.08 EPS for the current year.

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.