8,800 Johnson Controls International plc $JCI Shares Acquired by Payden & Rygel

Key Points

• Payden & Rygel increased its Johnson Controls stake by 9.4% in the third quarter, purchasing 8,800 shares and bringing its holdings to 102,100 shares valued at approximately $15.2 million. Institutional investors collectively own 90.05% of JCI.
• Johnson Controls reported quarterly earnings of $1.66 per share, exceeding estimates of $1.59, while revenue rose 10.4% year over year to $7.11 billion. The company also maintains a quarterly dividend of $0.40, equivalent to a 1.1% yield.
• Insiders reduced their holdings through stock sales, including a 23,417-share sale by VP Lei Schlitz and a 4,000-share sale by Director Juergen Tinggren. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $166.86.

Payden & Rygel boosted its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 9.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,100 shares of the company's stock after buying an additional 8,800 shares during the quarter. Payden & Rygel's holdings in Johnson Controls International were worth $15,177,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First County Bank CT increased its position in shares of Johnson Controls International by 4.2% during the third quarter. First County Bank CT now owns 1,699 shares of the company's stock valued at $253,000 after acquiring an additional 68 shares during the last quarter. Natural Investments LLC boosted its position in Johnson Controls International by 2.5% in the second quarter. Natural Investments LLC now owns 3,008 shares of the company's stock worth $439,000 after purchasing an additional 72 shares during the last quarter. Everhart Financial Group Inc. boosted its position in Johnson Controls International by 1.1% in the third quarter. Everhart Financial Group Inc. now owns 6,355 shares of the company's stock worth $945,000 after purchasing an additional 72 shares during the last quarter. Baron Wealth Management LLC grew its stake in Johnson Controls International by 1.6% in the 2nd quarter. Baron Wealth Management LLC now owns 4,705 shares of the company's stock valued at $687,000 after purchasing an additional 75 shares during the period. Finally, Kaufman Rossin Wealth LLC grew its stake in Johnson Controls International by 2.0% in the 3rd quarter. Kaufman Rossin Wealth LLC now owns 3,845 shares of the company's stock valued at $572,000 after purchasing an additional 75 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Lei Schlitz sold 23,417 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total value of $3,584,440.19. Following the sale, the vice president directly owned 15,017 shares in the company, valued at $2,298,652.19. This represents a 60.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Juergen Tinggren sold 4,000 shares of the business's 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 transaction, the director directly owned 27,236 shares of the company's stock, valued at $4,335,698.84. The trade was a 12.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is currently owned by company insiders.

Johnson Controls International Stock Down 5.9%

Johnson Controls International stock opened at $148.90 on Friday. The firm has a market capitalization of $90.19 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 1.25 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 debt-to-equity ratio of 0.55, a current ratio of 0.90 and a quick ratio of 0.83. The company's 50 day simple moving average is $147.36 and its 200 day simple moving average is $140.79.

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

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, September 21st were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, September 21st. Johnson Controls International's dividend payout ratio (DPR) is currently 27.83%.

Analyst Upgrades and Downgrades

JCI has been the subject of a number of recent research reports. Evercore set a $170.00 target price on Johnson Controls International in a research note on Wednesday. Mizuho raised their price target on Johnson Controls International from $150.00 to $165.00 and gave the stock a "neutral" rating in a research report on Thursday, October 15th. Zacks Research cut Johnson Controls International from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 6th. Argus set a $175.00 price target on Johnson Controls International in a research note on Friday, August 7th. Finally, Wells Fargo & Company increased their price objective on Johnson Controls International from $186.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Johnson Controls International presently has a consensus rating of "Moderate Buy" and an average price target of $166.86.

Johnson Controls International Profile

Johnson Controls International plc NYSE: JCI is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.

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