Johnson Controls International plc $JCI Stock Purchased by Westover Capital Advisors LLC

Westover Capital Advisors LLC raised its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 349.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 15,462 shares of the company’s stock after purchasing an additional 12,022 shares during the period. Westover Capital Advisors LLC’s holdings in Johnson Controls International were worth $2,298,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rokos Capital Management LLP purchased a new position in Johnson Controls International in the 1st quarter valued at about $45,833,000. ABN Amro Investment Solutions purchased a new stake in shares of Johnson Controls International during the first quarter worth about $8,863,000. QRG Capital Management Inc. grew its holdings in shares of Johnson Controls International by 4.7% during the second quarter. QRG Capital Management Inc. now owns 222,168 shares of the company’s stock worth $32,461,000 after buying an additional 9,988 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Johnson Controls International by 49.7% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 140,488 shares of the company’s stock worth $18,397,000 after buying an additional 46,650 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its position in shares of Johnson Controls International by 62.7% in the first quarter. Epoch Investment Partners Inc. now owns 204,295 shares of the company’s stock valued at $26,752,000 after buying an additional 78,766 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insiders Place Their Bets

In other news, VP Lei Schlitz sold 23,417 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the completion of the sale, the vice president directly owned 15,017 shares of the company’s stock, valued at $2,298,652.19. The trade was a 60.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on JCI shares. Argus set a $175.00 price objective on shares of Johnson Controls International in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Johnson Controls International from a “buy (b)” rating to a “buy (a)” rating in a research report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Johnson Controls International from $180.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, September 30th. Mizuho increased their price target on Johnson Controls International from $150.00 to $165.00 and gave the stock a “neutral” rating in a research note on Thursday, October 15th. Finally, The Goldman Sachs Group increased their price target on Johnson Controls International from $186.00 to $191.00 and gave the stock a “buy” rating in a research note on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.05.

Johnson Controls International Trading Up 2.4%

NYSE JCI opened at $147.42 on Tuesday. Johnson Controls International plc has a 12 month low of $108.41 and a 12 month high of $160.41. The company has a 50-day moving average of $146.93 and a 200-day moving average of $139.75. 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 $89.30 billion, a P/E ratio of 25.64, a P/E/G ratio of 1.07 and a beta of 1.27.

Johnson Controls International (NYSE:JCI) last released its earnings results on Thursday, July 30th. The company reported $1.42 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.61 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same period last year, the company earned $1.05 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, equities analysts predict that Johnson Controls International plc will post 5.08 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, September 21st were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Johnson Controls International’s dividend payout ratio (DPR) is currently 27.83%.

About Johnson Controls International

Johnson Controls International plc (NYSE:JCI) is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.