LGT Group Foundation Has $1.27 Million Stake in Johnson Controls International plc (NYSE:JCI)

LGT Group Foundation lifted its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 289.9% during the second quarter, HoldingsChannel reports. The firm owned 19,050 shares of the company’s stock after acquiring an additional 14,164 shares during the quarter. LGT Group Foundation’s holdings in Johnson Controls International were worth $1,266,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Gilbert & Cook Inc. lifted its stake in Johnson Controls International by 4.9% in the fourth quarter. Gilbert & Cook Inc. now owns 7,115 shares of the company’s stock valued at $410,000 after buying an additional 334 shares in the last quarter. Private Advisor Group LLC boosted its stake in Johnson Controls International by 7.6% in the 4th quarter. Private Advisor Group LLC now owns 19,253 shares of the company’s stock worth $1,110,000 after purchasing an additional 1,362 shares during the period. Principal Securities Inc. acquired a new stake in shares of Johnson Controls International in the 4th quarter valued at about $168,000. NBC Securities Inc. raised its stake in shares of Johnson Controls International by 1,575.0% in the 4th quarter. NBC Securities Inc. now owns 8,392 shares of the company’s stock valued at $483,000 after purchasing an additional 7,891 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Johnson Controls International by 20.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,103,672 shares of the company’s stock valued at $294,179,000 after purchasing an additional 853,783 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Stock Up 1.1 %

JCI opened at $68.62 on Tuesday. The stock’s fifty day simple moving average is $69.10 and its 200 day simple moving average is $67.03. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $75.36. The stock has a market cap of $45.84 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 1.83 and a beta of 1.29. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. The company had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.53 billion. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. Johnson Controls International’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.03 EPS. As a group, research analysts expect that Johnson Controls International plc will post 3.67 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Monday, June 24th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Monday, June 24th. Johnson Controls International’s dividend payout ratio is 59.92%.

Insider Buying and Selling at Johnson Controls International

In other news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $70.71, for a total value of $82,518.57. Following the completion of the sale, the chief operating officer now owns 103,866 shares of the company’s stock, valued at $7,344,364.86. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 4,245 shares of company stock valued at $295,442 in the last ninety days. 0.69% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on JCI. Barclays dropped their target price on Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Wells Fargo & Company lifted their price objective on shares of Johnson Controls International from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Robert W. Baird increased their target price on shares of Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Royal Bank of Canada upgraded shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and lifted their price target for the company from $61.00 to $69.00 in a research note on Wednesday, August 14th. Finally, StockNews.com upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $69.46.

Johnson Controls International Profile

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.