Great Lakes Advisors LLC Buys Shares of 14,827 Johnson Controls International plc $JCI

Great Lakes Advisors LLC purchased a new position in shares of Johnson Controls International plc (NYSE:JCI) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 14,827 shares of the company’s stock, valued at approximately $2,166,000.

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

Analyst Ratings Changes

JCI has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Johnson Controls International in a research note on Tuesday, June 9th. JPMorgan Chase & Co. increased their price objective on Johnson Controls International from $158.00 to $162.00 in a report on Thursday, May 7th. Argus set a $175.00 price objective on Johnson Controls International in a research note on Friday, August 7th. Mizuho upped their target price on Johnson Controls International from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Barclays increased their price target on shares of Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Twelve research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Johnson Controls International currently has a consensus rating of “Hold” and an average price target of $155.50.

Insider Transactions at Johnson Controls International

In related news, VP Todd M. Grabowski sold 1,800 shares of the company’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 completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Lei Zhang Schlitz sold 23,417 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total value of $3,584,440.19. Following the completion of the sale, the vice president directly owned 15,017 shares in the company, valued at approximately $2,298,652.19. The trade was a 60.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.29% of the company’s stock.

Johnson Controls International Stock Up 0.1%

Shares of JCI stock opened at $143.32 on Friday. Johnson Controls International plc has a twelve month low of $103.82 and a twelve month high of $157.06. The stock has a market cap of $86.81 billion, a P/E ratio of 24.93, a P/E/G ratio of 1.38 and a beta of 1.31. The stock has a 50 day moving average of $145.22 and a 200 day moving average of $140.78. The company has a current ratio of 1.00, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61.

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

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were given a $0.40 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Johnson Controls International’s dividend payout ratio is 27.83%.

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.