Johnson Controls International plc $JCI Stock: Calamos Advisors LLC Increases Position

Calamos Advisors LLC increased its holdings in Johnson Controls International plc (NYSE:JCI) by 62.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 478,384 shares of the company’s stock after acquiring an additional 183,658 shares during the period. Calamos Advisors LLC owned about 0.08% of Johnson Controls International worth $71,112,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alta Advisers Ltd raised its position in Johnson Controls International by 68.0% in the third quarter. Alta Advisers Ltd now owns 4,313 shares of the company’s stock worth $641,000 after acquiring an additional 1,745 shares during the period. Principle Wealth Partners LLC boosted its holdings in Johnson Controls International by 39.6% in the 3rd quarter. Principle Wealth Partners LLC now owns 1,986 shares of the company’s stock worth $295,000 after buying an additional 563 shares during the period. Kestra Advisory Services LLC grew its stake in Johnson Controls International by 5.5% in the 3rd quarter. Kestra Advisory Services LLC now owns 49,804 shares of the company’s stock valued at $7,403,000 after buying an additional 2,594 shares in the last quarter. Claro Advisors Inc. grew its stake in Johnson Controls International by 44.0% in the 3rd quarter. Claro Advisors Inc. now owns 2,079 shares of the company’s stock valued at $309,000 after buying an additional 635 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Johnson Controls International by 16.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 137,752 shares of the company’s stock valued at $20,477,000 after buying an additional 19,270 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Price Performance

Shares of JCI stock traded up $3.32 on Friday, reaching $134.78. The company’s stock had a trading volume of 5,876,701 shares, compared to its average volume of 4,000,764. The company has a quick ratio of 0.75, a current ratio of 0.90 and a debt-to-equity ratio of 0.55. Johnson Controls International plc has a 12-month low of $108.41 and a 12-month high of $160.41. The company has a market capitalization of $81.64 billion, a P/E ratio of 28.80, a PEG ratio of 1.15 and a beta of 1.27. The stock’s 50 day simple moving average is $147.11 and its 200-day simple moving average is $141.47.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Tuesday, October 27th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.59 by $0.07. The business had revenue of $7.11 billion during the quarter, compared to analysts’ expectations of $7.04 billion. Johnson Controls International had a return on equity of 23.38% and a net margin of 11.12%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.26 earnings per share. As a group, equities analysts predict that Johnson Controls International plc will post 6.28 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, September 21st were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, September 21st. Johnson Controls International’s payout ratio is currently 34.19%.

Insider Activity at Johnson Controls International

In other news, Director Juergen Tinggren sold 4,000 shares of the firm’s stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $159.19, for a total transaction of $636,760.00. Following the sale, the director owned 27,236 shares in the company, valued at approximately $4,335,698.84. This trade represents a 12.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.29% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on JCI. Wall Street Zen downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings raised Johnson Controls International from a “buy (b)” rating to a “buy (a)” rating in a report on Thursday, October 8th. Evercore set a $170.00 target price on Johnson Controls International in a research note on Wednesday, October 28th. BNP Paribas Exane lifted their target price on Johnson Controls International from $130.00 to $145.00 and gave the company an “underperform” rating in a report on Wednesday, October 28th. Finally, Mizuho increased their price target on shares of Johnson Controls International from $150.00 to $165.00 and gave the stock a “neutral” rating in a report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Johnson Controls International has an average rating of “Moderate Buy” and a consensus target price of $166.86.

About Johnson Controls International

Johnson Controls International plc develops building technologies, products and services for commercial, industrial and institutional customers. Its offerings include heating, ventilation and air conditioning (HVAC) equipment, building automation and controls, fire detection and suppression systems, and security solutions. The company also provides maintenance, modernization and other services to help customers manage building operations.

Its products and services support facilities such as offices, hospitals, schools, data centers and manufacturing sites.