TMB Capital Partners LLC Makes New Investment in Johnson Controls International plc $JCI

TMB Capital Partners LLC purchased a new stake in shares of Johnson Controls International plc (NYSE:JCI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,387 shares of the company’s stock, valued at approximately $2,322,000.

A number of other large investors have also recently bought and sold shares of the business. Regents Gate Capital LLP lifted its holdings in shares of Johnson Controls International by 17.4% during the 3rd quarter. Regents Gate Capital LLP now owns 86,144 shares of the company’s stock worth $9,472,000 after acquiring an additional 12,774 shares during the period. Bright Futures Wealth Management LLC. acquired a new stake in shares of Johnson Controls International during the 3rd quarter valued at about $583,000. Elo Mutual Pension Insurance Co increased its stake in Johnson Controls International by 23.7% in the third quarter. Elo Mutual Pension Insurance Co now owns 75,021 shares of the company’s stock valued at $8,249,000 after acquiring an additional 14,354 shares during the period. Nordea Investment Management AB raised its position in Johnson Controls International by 6.7% in the fourth quarter. Nordea Investment Management AB now owns 2,276,753 shares of the company’s stock worth $274,235,000 after purchasing an additional 142,429 shares in the last quarter. Finally, Kepler Cheuvreux Suisse SA bought a new position in Johnson Controls International during the third quarter worth about $2,345,000. 90.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

JCI has been the topic of several analyst reports. The Goldman Sachs Group upped their price objective on Johnson Controls International from $169.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Wells Fargo & Company boosted their price target on Johnson Controls International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. UBS Group upped their price target on Johnson Controls International from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Wall Street Zen upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Sunday, May 3rd. Finally, Sanford C. Bernstein started coverage on Johnson Controls International in a report on Tuesday, June 9th. They set an “outperform” rating and a $176.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $152.85.

Insider Buying and Selling

In other Johnson Controls International news, VP Todd M. Grabowski sold 1,800 shares of the company’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 approximately $3,832,633. This represents a 6.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lei Zhang Schlitz sold 88,809 shares of Johnson Controls International stock in a transaction on Friday, May 8th. The stock was sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the transaction, the vice president directly owned 57,059 shares in the company, valued at approximately $8,044,748.41. This represents a 60.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.29% of the company’s stock.

Johnson Controls International Price Performance

Shares of JCI stock opened at $145.07 on Friday. Johnson Controls International plc has a 52 week low of $100.86 and a 52 week high of $149.38. The stock has a market capitalization of $88.51 billion, a PE ratio of 25.95, a PEG ratio of 1.54 and a beta of 1.32. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.04. The stock’s fifty day moving average is $141.36 and its 200-day moving average is $131.67.

Johnson Controls International (NYSE:JCI) last released its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share for the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%.The firm had revenue of $6.14 billion for the quarter. Equities research analysts expect that Johnson Controls International plc will post 4.89 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

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

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.