Y Intercept Hong Kong Ltd Acquires 88,176 Shares of Johnson Controls International plc $JCI

Y Intercept Hong Kong Ltd raised its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 1,016.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 96,849 shares of the company’s stock after buying an additional 88,176 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Johnson Controls International were worth $11,598,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. State Street Corp grew its stake in shares of Johnson Controls International by 0.6% in the third quarter. State Street Corp now owns 28,684,645 shares of the company’s stock valued at $3,165,286,000 after buying an additional 163,167 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Johnson Controls International by 3.3% in the fourth quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock valued at $2,712,949,000 after buying an additional 718,245 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Johnson Controls International by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 17,239,953 shares of the company’s stock valued at $2,064,485,000 after buying an additional 280,704 shares in the last quarter. Norges Bank bought a new position in shares of Johnson Controls International in the fourth quarter valued at $927,739,000. Finally, Capital World Investors grew its stake in shares of Johnson Controls International by 0.3% in the third quarter. Capital World Investors now owns 7,535,476 shares of the company’s stock valued at $828,526,000 after buying an additional 19,550 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

JCI has been the subject of several analyst reports. Wells Fargo & Company raised their target price on shares of Johnson Controls International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. raised their target price on shares of Johnson Controls International from $158.00 to $162.00 in a research note on Thursday, May 7th. Barclays raised their target price on shares of Johnson Controls International from $136.00 to $144.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. BNP Paribas Exane initiated coverage on shares of Johnson Controls International in a research note on Tuesday, April 14th. They issued an “underperform” rating and a $120.00 target price for the company. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $154.00 target price on shares of Johnson Controls International in a research note on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Johnson Controls International currently has an average rating of “Moderate Buy” and an average price target of $152.85.

Insiders Place Their Bets

In related news, VP Lei Zhang Schlitz sold 88,809 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $140.99, for a total value of $12,521,180.91. Following the completion of the transaction, the vice president owned 57,059 shares of the company’s stock, valued at $8,044,748.41. The trade was a 60.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Todd M. Grabowski sold 1,800 shares of the business’s stock in a transaction dated 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 transaction, the vice president directly owned 26,215 shares of the company’s stock, valued at approximately $3,832,633. This trade represents a 6.43% decrease in their position. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by company insiders.

Johnson Controls International Trading Up 0.6%

JCI stock opened at $144.83 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.85. The company has a fifty day moving average price of $140.40 and a two-hundred day moving average price of $130.73. Johnson Controls International plc has a one year low of $100.86 and a one year high of $149.10. The stock has a market cap of $88.36 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 1.56 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. The firm had revenue of $6.14 billion during the quarter. Equities analysts anticipate that Johnson Controls International plc will post 4.86 EPS for the current year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is 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 currently 28.62%.

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.