MGO One Seven LLC Acquires 58,455 Shares of Johnson Controls International plc $JCI

MGO One Seven LLC grew its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 80.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,081 shares of the company’s stock after buying an additional 58,455 shares during the quarter. MGO One Seven LLC’s holdings in Johnson Controls International were worth $19,152,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in JCI. Brighton Jones LLC acquired a new stake in shares of Johnson Controls International in the 4th quarter worth about $222,000. Acadian Asset Management LLC acquired a new position in Johnson Controls International during the 1st quarter valued at about $55,000. Sivia Capital Partners LLC boosted its stake in Johnson Controls International by 83.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company’s stock valued at $745,000 after purchasing an additional 3,203 shares during the last quarter. Jump Financial LLC increased its holdings in Johnson Controls International by 3.5% during the 2nd quarter. Jump Financial LLC now owns 12,578 shares of the company’s stock worth $1,328,000 after purchasing an additional 425 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in Johnson Controls International by 120.7% during the 2nd quarter. Federated Hermes Inc. now owns 12,359 shares of the company’s stock worth $1,305,000 after purchasing an additional 6,760 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Sanford C. Bernstein raised their target price on Johnson Controls International from $173.00 to $190.00 and gave the company an “outperform” rating in a report on Friday. Oppenheimer reiterated a “market perform” rating on shares of Johnson Controls International in a report on Tuesday, June 2nd. Robert W. Baird increased their price target on Johnson Controls International from $132.00 to $148.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. Barclays raised their price objective on Johnson Controls International from $136.00 to $144.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Finally, Zacks Research downgraded shares of Johnson Controls International from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Twelve investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $155.50.

Johnson Controls International Trading Up 1.5%

Shares of JCI stock opened at $153.73 on Friday. The firm has a market cap of $93.12 billion, a P/E ratio of 26.74, a PEG ratio of 1.48 and a beta of 1.31. The company has a 50 day moving average of $144.91 and a 200-day moving average of $139.75. 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 plc has a 12-month low of $103.07 and a 12-month high of $157.06.

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

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, June 15th. Johnson Controls International’s dividend payout ratio is presently 27.83%.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Lei Zhang Schlitz sold 23,417 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total value of $3,584,440.19. Following the sale, the vice president owned 15,017 shares in the company, valued at approximately $2,298,652.19. This represents a 60.93% 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 company insiders.

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.