Adams Diversified Equity Fund Inc. Purchases 28,000 Shares of Johnson Controls International plc $JCI

Key Points

• Adams Diversified Equity Fund increased its stake in Johnson Controls International by 16.4% in the fourth quarter, buying 28,000 additional shares and bringing its total holding to 199,000 shares worth about $23.83 million.
• Johnson Controls reported quarterly earnings of $1.19 per share on revenue of $6.14 billion, with analysts expecting full-year EPS of 4.86. The stock has also attracted broad institutional ownership, with institutions holding 90.05% of shares.
• The company announced a quarterly $0.40 dividend payable July 10, while analysts currently rate the stock a Moderate Buy with a consensus price target of $152.85.

Adams Diversified Equity Fund Inc. raised its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 16.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 199,000 shares of the company's stock after acquiring an additional 28,000 shares during the period. Adams Diversified Equity Fund Inc.'s holdings in Johnson Controls International were worth $23,830,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of Johnson Controls International during the 4th quarter worth approximately $222,000. Acadian Asset Management LLC bought a new stake in shares of Johnson Controls International during the 1st quarter worth approximately $55,000. Sivia Capital Partners LLC raised its stake in shares of Johnson Controls International by 83.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company's stock worth $745,000 after purchasing an additional 3,203 shares in the last quarter. Jump Financial LLC raised its stake in shares of Johnson Controls International by 3.5% during the 2nd quarter. Jump Financial LLC now owns 12,578 shares of the company's stock worth $1,328,000 after purchasing an additional 425 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of Johnson Controls International by 120.7% during the 2nd quarter. Federated Hermes Inc. now owns 12,359 shares of the company's stock worth $1,305,000 after purchasing an additional 6,760 shares in the last quarter. Institutional investors own 90.05% of the company's stock.

Johnson Controls International Stock Performance

Shares of NYSE JCI opened at $144.83 on Friday. The firm has a market cap of $88.36 billion, a price-to-earnings ratio of 25.91, a P/E/G ratio of 1.57 and a beta of 1.32. Johnson Controls International plc has a one year low of $100.86 and a one year high of $149.10. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.85. The stock's fifty day moving average price is $140.40 and its two-hundred day moving average price is $130.73.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. The company had revenue of $6.14 billion for the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. On average, equities analysts forecast that Johnson Controls International plc will post 4.86 EPS for the current year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, June 15th. Johnson Controls International's dividend payout ratio is currently 28.62%.

Wall Street Analyst Weigh In

JCI has been the topic of a number of analyst reports. Sanford C. Bernstein initiated coverage on Johnson Controls International in a research note on Tuesday. They set an "outperform" rating and a $176.00 price objective on the stock. Oppenheimer restated a "market perform" rating on shares of Johnson Controls International in a research note on Tuesday, June 2nd. Jefferies Financial Group increased their price target on Johnson Controls International from $125.00 to $135.00 and gave the company a "hold" rating in a research note on Wednesday, April 15th. Wolfe Research restated an "outperform" rating and issued a $171.00 price target on shares of Johnson Controls International in a research note on Wednesday, June 3rd. Finally, Morgan Stanley increased their price target on Johnson Controls International from $140.00 to $175.00 and gave the company an "overweight" rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $152.85.

Insider Buying and Selling at Johnson Controls International

In related news, VP Todd M. Grabowski sold 1,800 shares of the company's stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the completion of the sale, the vice president directly owned 26,215 shares in the company, valued at $3,832,633. This represents a 6.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $140.99, for a total value of $12,521,180.91. Following the completion of the transaction, the vice president owned 57,059 shares of the company's stock, valued at $8,044,748.41. This represents a 60.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.29% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding JCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Johnson Controls International plc (NYSE:JCI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.