Bessemer Group Inc. Boosts Stake in Johnson Controls International plc $JCI

Bessemer Group Inc. increased its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 25.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,445 shares of the company’s stock after purchasing an additional 3,776 shares during the quarter. Bessemer Group Inc.’s holdings in Johnson Controls International were worth $2,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Maseco LLP lifted its stake in Johnson Controls International by 102.9% during the 4th quarter. Maseco LLP now owns 211 shares of the company’s stock valued at $25,000 after acquiring an additional 107 shares during the period. Mcguire Capital Advisors Inc. bought a new stake in shares of Johnson Controls International in the fourth quarter worth approximately $27,000. Twin Tree Management LP grew its stake in shares of Johnson Controls International by 140.9% in the fourth quarter. Twin Tree Management LP now owns 260 shares of the company’s stock worth $31,000 after acquiring an additional 895 shares during the period. YANKCOM Partnership purchased a new position in shares of Johnson Controls International during the fourth quarter valued at approximately $34,000. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Johnson Controls International during the fourth quarter valued at approximately $38,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada restated a “sector perform” rating and issued a $154.00 target price on shares of Johnson Controls International in a report on Tuesday, June 2nd. UBS Group boosted their target price on shares of Johnson Controls International from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. HSBC increased their price target on Johnson Controls International from $127.00 to $136.00 in a report on Thursday, May 7th. Robert W. Baird lifted their price objective on Johnson Controls International from $132.00 to $148.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Johnson Controls International in a research report on Tuesday, June 2nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $152.85.

Johnson Controls International Trading Up 0.7%

NYSE:JCI opened at $142.66 on Thursday. Johnson Controls International plc has a one year low of $102.09 and a one year high of $151.18. The business has a fifty day moving average price of $141.87 and a 200-day moving average price of $135.82. The firm has a market capitalization of $87.04 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 1.52 and a beta of 1.31. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.85.

Johnson Controls International (NYSE:JCI) last released its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share for the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%.The company had revenue of $6.14 billion for the quarter. Sell-side analysts forecast that Johnson Controls International plc will post 4.9 EPS for the current year.

Johnson Controls International Dividend Announcement

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

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.