Invesco Ltd. Increases Stock Holdings in Johnson Controls International plc $JCI

Invesco Ltd. increased its position in Johnson Controls International plc (NYSE:JCI) by 13.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 16,003,486 shares of the company’s stock after acquiring an additional 1,837,220 shares during the quarter. Invesco Ltd.’s holdings in Johnson Controls International were worth $1,916,417,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of JCI. Harbour Wealth Management Group Inc. bought a new stake in Johnson Controls International during the 4th quarter worth approximately $542,000. Axxcess Wealth Management LLC lifted its stake in Johnson Controls International by 20.6% in the 4th quarter. Axxcess Wealth Management LLC now owns 17,827 shares of the company’s stock worth $2,135,000 after purchasing an additional 3,044 shares in the last quarter. Alberta Investment Management Corp bought a new position in Johnson Controls International in the 4th quarter valued at $25,722,000. CrossGen Wealth LLC purchased a new position in shares of Johnson Controls International during the 4th quarter valued at $1,824,000. Finally, Strive Financial Group LLC purchased a new position in shares of Johnson Controls International during the 4th quarter valued at $60,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Wolfe Research restated an “outperform” rating and set a $171.00 target price on shares of Johnson Controls International in a research report on Wednesday, June 3rd. Wells Fargo & Company upped their target price on Johnson Controls International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Jefferies Financial Group raised their price target on Johnson Controls International from $125.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, April 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Johnson Controls International in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Johnson Controls International has a consensus rating of “Moderate Buy” and a consensus price target of $152.85.

Johnson Controls International Trading Up 1.0%

NYSE JCI opened at $145.07 on Friday. The stock’s 50-day simple moving average is $141.36 and its two-hundred day simple moving average is $131.67. Johnson Controls International plc has a twelve month low of $100.86 and a twelve month high of $149.38. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $88.51 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 1.54 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. The firm had revenue of $6.14 billion during the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. Research analysts forecast that Johnson Controls International plc will post 4.89 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Johnson Controls International’s dividend payout ratio (DPR) is 28.62%.

Insider Activity 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 shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the transaction, the vice president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Lei Zhang Schlitz sold 88,809 shares of Johnson Controls International stock in a transaction on Friday, May 8th. The stock was sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the completion of the transaction, the vice president owned 57,059 shares in the company, valued at approximately $8,044,748.41. The trade was a 60.88% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.29% of the company’s stock.

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.