Philadelphia Investment Partners LLC Makes New $780,000 Investment in Johnson Controls International plc $JCI

Philadelphia Investment Partners LLC acquired a new stake in Johnson Controls International plc (NYSE:JCI) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 5,150 shares of the company’s stock, valued at approximately $780,000.

A number of other institutional investors have also recently made changes to their positions in JCI. Abacus Wealth Partners LLC bought a new position in shares of Johnson Controls International in the 4th quarter worth about $1,233,000. North Dakota State Investment Board purchased a new position in Johnson Controls International during the 4th quarter valued at about $2,712,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Johnson Controls International during the fourth quarter worth about $16,426,000. Rokos Capital Management LLP bought a new stake in Johnson Controls International during the first quarter worth about $45,833,000. Finally, Catalyst Funds Management Pty Ltd grew its holdings in Johnson Controls International by 536.4% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 21,000 shares of the company’s stock worth $2,515,000 after purchasing an additional 17,700 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Trading Up 1.9%

Shares of NYSE JCI opened at $144.52 on Thursday. The firm’s 50 day moving average price is $145.10 and its 200-day moving average price is $141.21. The company has a market cap of $87.54 billion, a PE ratio of 25.13, a P/E/G ratio of 1.36 and a beta of 1.31. Johnson Controls International plc has a 52-week low of $103.82 and a 52-week high of $157.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $6.61 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter last year, the firm earned $1.05 earnings per share. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts expect that Johnson Controls International plc will post 5.08 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were issued a $0.40 dividend. The ex-dividend date of this dividend 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 (DPR) is presently 27.83%.

Wall Street Analysts Forecast Growth

JCI has been the subject of a number of analyst reports. Mizuho raised their target price on shares of Johnson Controls International from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Sanford C. Bernstein boosted their price target on Johnson Controls International from $173.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. HSBC upped their price target on Johnson Controls International from $127.00 to $136.00 in a research note on Thursday, May 7th. Zacks Research cut Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. boosted their target price on Johnson Controls International from $158.00 to $162.00 in a report on Thursday, May 7th. Twelve equities research 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. Based on data from MarketBeat, Johnson Controls International presently has a consensus rating of “Hold” and a consensus price target of $155.50.

Insider Buying and Selling at Johnson Controls International

In related news, VP Todd M. Grabowski sold 1,800 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the sale, the vice president directly owned 26,215 shares of the company’s stock, valued at $3,832,633. This trade represents a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Lei Zhang Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction dated 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 completion of the sale, the vice president owned 15,017 shares of the company’s stock, valued at $2,298,652.19. The trade was a 60.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.29% of the stock is owned by insiders.

About Johnson Controls International

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.