Mangrove Partners IM LLC Buys New Shares in Johnson Controls International plc $JCI

Mangrove Partners IM LLC bought a new stake in Johnson Controls International plc (NYSE:JCI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 8,535 shares of the company’s stock, valued at approximately $1,022,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp lifted its holdings in Johnson Controls International by 0.6% during the 3rd quarter. State Street Corp now owns 28,684,645 shares of the company’s stock worth $3,165,286,000 after buying an additional 163,167 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Johnson Controls International by 3.3% during the 4th quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock worth $2,712,949,000 after buying an additional 718,245 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Johnson Controls International by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 17,239,953 shares of the company’s stock worth $2,064,485,000 after buying an additional 280,704 shares during the last quarter. Norges Bank purchased a new stake in Johnson Controls International during the 4th quarter worth about $927,739,000. Finally, Capital World Investors lifted its holdings in Johnson Controls International by 0.3% during the 3rd quarter. Capital World Investors now owns 7,535,476 shares of the company’s stock worth $828,526,000 after buying an additional 19,550 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Evercore assumed coverage on Johnson Controls International in a report on Monday, April 13th. They set a “hold” rating and a $155.00 price target for the company. Oppenheimer reaffirmed a “market perform” rating on shares of Johnson Controls International in a report on Tuesday, June 2nd. UBS Group lifted their price target on Johnson Controls International from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Wall Street Zen raised Johnson Controls International from a “hold” rating to a “buy” rating in a report on Sunday, May 3rd. Finally, The Goldman Sachs Group lifted their price target on Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. One equities 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $152.85.

Insider Transactions at Johnson Controls International

In related news, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction dated 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 in the company, valued at $3,832,633. The trade was a 6.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Lei Zhang Schlitz sold 88,809 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $140.99, for a total value of $12,521,180.91. Following the completion of the transaction, the vice president owned 57,059 shares in the company, valued at $8,044,748.41. This trade represents a 60.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is currently owned by insiders.

Johnson Controls International Stock Down 0.5%

JCI opened at $145.39 on Wednesday. The business’s 50-day simple moving average is $140.92 and its 200-day simple moving average is $131.27. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.04. Johnson Controls International plc has a one year low of $100.86 and a one year high of $149.23. The stock has a market capitalization of $88.71 billion, a P/E ratio of 26.01, a price-to-earnings-growth ratio of 1.57 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%.The business had revenue of $6.14 billion for the quarter. Analysts anticipate that Johnson Controls International plc will post 4.89 EPS for the current year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, June 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Johnson Controls International’s payout ratio is 28.62%.

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.