300,589 Johnson Controls International plc $JCI Shares Purchased by Eurizon Capital SGR S.p.A.

Key Points

• Eurizon Capital increased its Johnson Controls stake by 26.5% in the third quarter, adding 300,589 shares to reach 1,436,501 shares, valued at about $213.9 million.
• Johnson Controls beat quarterly expectations, reporting adjusted earnings of $1.66 per share versus a $1.59 consensus and revenue of $7.11 billion, up 10.4% year over year.
• Analyst sentiment was mixed: the stock carried an average “Hold” rating and a $166.76 average price target. Director Juergen Tinggren also sold 4,000 shares.

Eurizon Capital SGR S.p.A. increased its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 26.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,436,501 shares of the company's stock after buying an additional 300,589 shares during the period. Eurizon Capital SGR S.p.A. owned 0.24% of Johnson Controls International worth $213,901,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JCI. NBH Bank acquired a new position in shares of Johnson Controls International in the second quarter worth about $29,000. Signature Equity Partners LLC boosted its stake in shares of Johnson Controls International by 96.2% during the 3rd quarter. Signature Equity Partners LLC now owns 206 shares of the company's stock worth $31,000 after acquiring an additional 101 shares in the last quarter. Virginia Estate & Retirement Planning Advisors Inc. purchased a new stake in shares of Johnson Controls International during the 3rd quarter worth about $33,000. Fourth Dimension Wealth LLC grew its position in shares of Johnson Controls International by 51.3% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company's stock valued at $34,000 after acquiring an additional 78 shares during the period. Finally, First Bancorp Inc ME acquired a new stake in shares of Johnson Controls International during the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Transactions at Johnson Controls International

In related news, Director Juergen Tinggren sold 4,000 shares of Johnson Controls International stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $159.19, for a total value of $636,760.00. Following the sale, the director directly owned 27,236 shares in the company, valued at approximately $4,335,698.84. The trade was a 12.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.29% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on JCI. Morgan Stanley lifted their price target on Johnson Controls International from $175.00 to $180.00 and gave the company an "overweight" rating in a research note on Wednesday, September 2nd. Mizuho upped their price target on Johnson Controls International from $150.00 to $165.00 and gave the stock a "neutral" rating in a report on Thursday, October 15th. Bank of America increased their price target on Johnson Controls International from $152.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, October 8th. Wells Fargo & Company raised their price objective on Johnson Controls International from $186.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, October 28th. Finally, UBS Group restated a "buy" rating on shares of Johnson Controls International in a research report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $166.76.

Johnson Controls International Stock Performance

NYSE:JCI opened at $142.63 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.75 and a current ratio of 0.90. The stock has a market capitalization of $86.39 billion, a PE ratio of 28.02, a P/E/G ratio of 1.47 and a beta of 1.27. Johnson Controls International plc has a fifty-two week low of $108.41 and a fifty-two week high of $160.41. The company has a fifty day moving average of $147.38 and a two-hundred day moving average of $142.03.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its earnings results on Tuesday, October 27th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.07. The business had revenue of $7.11 billion for the quarter, compared to analyst estimates of $7.04 billion. Johnson Controls International had a net margin of 11.12% and a return on equity of 23.38%. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.26 earnings per share. As a group, research analysts forecast that Johnson Controls International plc will post 6.29 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, September 21st were paid a $0.40 dividend. 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 34.19%.

Johnson Controls International Company Profile

Johnson Controls International plc develops building technologies, products and services for commercial, industrial and institutional customers. Its offerings include heating, ventilation and air conditioning (HVAC) equipment, building automation and controls, fire detection and suppression systems, and security solutions. The company also provides maintenance, modernization and other services to help customers manage building operations. Its products and services support facilities such as offices, hospitals, schools, data centers and manufacturing sites.

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