West Family Investments Inc. Increases Holdings in Johnson Controls International plc $JCI

West Family Investments Inc. raised its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 255.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,791 shares of the company’s stock after purchasing an additional 4,161 shares during the period. West Family Investments Inc.’s holdings in Johnson Controls International were worth $846,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of Johnson Controls International in the 4th quarter worth approximately $222,000. Acadian Asset Management LLC bought a new position in shares of Johnson Controls International during the first quarter valued at approximately $55,000. Sivia Capital Partners LLC lifted its stake in 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 acquiring an additional 3,203 shares during the period. Jump Financial LLC lifted its stake in Johnson Controls International by 3.5% in the second quarter. Jump Financial LLC now owns 12,578 shares of the company’s stock worth $1,328,000 after acquiring an additional 425 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in Johnson Controls International by 120.7% in the second quarter. Federated Hermes Inc. now owns 12,359 shares of the company’s stock valued at $1,305,000 after acquiring an additional 6,760 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Up 0.9%

JCI stock traded up $1.29 on Tuesday, reaching $146.23. 2,804,337 shares of the company traded hands, compared to its average volume of 4,239,606. Johnson Controls International plc has a one year low of $104.49 and a one year high of $157.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.00 and a quick ratio of 0.83. The company has a market cap of $88.58 billion, a P/E ratio of 25.43, a price-to-earnings-growth ratio of 1.39 and a beta of 1.29. The firm has a fifty day simple moving average of $144.77 and a 200-day simple moving average of $141.37.

Johnson Controls International (NYSE:JCI) last released its earnings results 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 return on equity of 22.11% and a net margin of 14.32%.The firm had revenue of $6.61 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. Research analysts anticipate that Johnson Controls International plc will post 5.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on JCI. Royal Bank Of Canada upped their price objective on shares of Johnson Controls International from $154.00 to $161.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Wall Street Zen downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Citigroup raised their price objective on shares of Johnson Controls International from $155.00 to $157.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Wolfe Research reaffirmed an “outperform” rating and set a $171.00 price objective on shares of Johnson Controls International in a research report on Wednesday, June 3rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Johnson Controls International in a research report on Friday. Twelve equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $155.75.

Insiders Place Their Bets

In related news, VP Lei Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the sale, the vice president owned 15,017 shares of the company’s stock, valued at approximately $2,298,652.19. This trade represents a 60.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.29% of the company’s stock.

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.