Saudi Central Bank Buys 20,253 Shares of Johnson Controls International plc $JCI

Saudi Central Bank lifted its stake in Johnson Controls International plc (NYSE:JCI) by 89.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 42,845 shares of the company’s stock after buying an additional 20,253 shares during the quarter. Saudi Central Bank’s holdings in Johnson Controls International were worth $6,260,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in Johnson Controls International during the fourth quarter valued at $927,739,000. Viking Global Investors LP lifted its holdings 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 valued at $747,324,000 after acquiring an additional 5,346,130 shares during the last quarter. Amundi grew its position in Johnson Controls International by 157.2% in the first quarter. Amundi now owns 5,965,212 shares of the company’s stock worth $781,145,000 after acquiring an additional 3,646,047 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Johnson Controls International by 140.8% during the second 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. Finally, Invesco Ltd. lifted its stake in shares of Johnson Controls International by 13.0% in the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock valued at $1,916,417,000 after purchasing an additional 1,837,220 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 other news, VP Lei 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 completion of the sale, the vice president owned 15,017 shares of the company’s stock, valued at approximately $2,298,652.19. The trade was a 60.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total value of $263,160.00. Following the completion of the sale, the vice president owned 26,215 shares of the company’s stock, valued at $3,832,633. The trade was a 6.43% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is owned by corporate insiders.

Analyst Ratings Changes

JCI has been the subject of a number of recent research reports. The Goldman Sachs Group lifted their target price on Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Morgan Stanley lifted their price objective on shares of Johnson Controls International from $175.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday. Citigroup increased their target price on shares of Johnson Controls International from $155.00 to $157.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Wolfe Research restated an “outperform” rating and issued a $171.00 target price on shares of Johnson Controls International in a report on Wednesday, June 3rd. Finally, UBS Group reaffirmed a “buy” rating on shares of Johnson Controls International in a research note on Thursday, July 30th. Twelve research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $155.75.

Johnson Controls International Stock Performance

JCI stock opened at $144.87 on Monday. Johnson Controls International plc has a twelve month low of $104.03 and a twelve month high of $157.06. The firm has a market cap of $87.75 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 1.39 and a beta of 1.29. The business’s fifty day simple moving average is $144.69 and its two-hundred day simple moving average is $141.30. 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 issued 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 firm had revenue of $6.61 billion during 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 was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 earnings per share. Analysts predict that Johnson Controls International plc will post 5.08 earnings per share 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.