Ascentis Wealth Management LLC Acquires 388,879 Shares of Johnson Controls International plc $JCI

Key Points

• Ascentis Wealth Management increased its Johnson Controls stake by 18,274.4% in the second quarter, purchasing 388,879 additional shares and bringing its holdings to 391,007 shares valued at approximately $57.1 million.
• Johnson Controls reported quarterly earnings of $1.42 per share, surpassing estimates of $1.30, while revenue rose 9.3% year over year to $6.61 billion. The company also maintains a $0.40 quarterly dividend, equal to a 1.1% yield.
• Analysts hold a consensus “Moderate Buy” rating with an average price target of $154.80; JCI recently opened at $151.47, near its 12-month high of $157.06.

Ascentis Wealth Management LLC raised its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 18,274.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 391,007 shares of the company's stock after buying an additional 388,879 shares during the quarter. Ascentis Wealth Management LLC owned 0.06% of Johnson Controls International worth $57,130,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of JCI. Mcguire Capital Advisors Inc. acquired a new stake in shares of Johnson Controls International during the 4th quarter worth approximately $27,000. Twin Tree Management LP lifted its position in shares of Johnson Controls International by 140.9% during the 4th quarter. Twin Tree Management LP now owns 260 shares of the company's stock valued at $31,000 after acquiring an additional 895 shares during the period. SJS Investment Consulting Inc. lifted its position in shares of Johnson Controls International by 747.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 288 shares of the company's stock valued at $38,000 after acquiring an additional 254 shares during the period. Kemnay Advisory Services Inc. bought a new position in Johnson Controls International during the fourth quarter worth $47,000. Finally, Reyes Financial Architecture Inc. bought a new position in Johnson Controls International during the fourth quarter worth $48,000. 90.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on JCI shares. Mizuho lifted their price target on shares of Johnson Controls International from $130.00 to $140.00 and gave the company a "neutral" rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. increased their price objective on shares of Johnson Controls International from $158.00 to $162.00 in a research report on Thursday, May 7th. Wall Street Zen cut shares of Johnson Controls International from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Wolfe Research restated an "outperform" rating and issued a $171.00 target price on shares of Johnson Controls International in a research note on Wednesday, June 3rd. Finally, Morgan Stanley boosted their target price on Johnson Controls International from $140.00 to $175.00 and gave the company an "overweight" rating in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Johnson Controls International presently has a consensus rating of "Moderate Buy" and a consensus target price of $154.80.

Johnson Controls International Stock Performance

NYSE JCI opened at $151.47 on Friday. The company has a fifty day simple moving average of $144.71 and a 200 day simple moving average of $139.65. Johnson Controls International plc has a 12-month low of $103.07 and a 12-month high of $157.06. The company has a current ratio of 1.00, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61. The company has a market cap of $91.75 billion, a P/E ratio of 26.34, a PEG ratio of 1.47 and a beta of 1.31.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.12. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The business had revenue of $6.61 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same quarter in the previous year, the business posted $1.05 EPS. Johnson Controls International's quarterly revenue was up 9.3% on a year-over-year basis. Sell-side analysts predict that Johnson Controls International plc will post 5.08 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were given 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 dividend yield of 1.1%. Johnson Controls International's payout ratio is presently 27.83%.

Insider Transactions at Johnson Controls International

In related news, VP Todd M. Grabowski sold 1,800 shares of the company's stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total value of $263,160.00. Following the sale, the vice president owned 26,215 shares in the company, valued at $3,832,633. This represents a 6.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Lei Zhang Schlitz sold 23,417 shares of the firm's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the completion of the transaction, the vice president directly owned 15,017 shares in the company, valued at approximately $2,298,652.19. The trade was a 60.93% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.29% of the company's stock.

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.

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