B & T Capital Management DBA Alpha Capital Management Makes New Investment in Johnson Controls International plc $JCI

Key Points

• B & T Capital Management initiated a position in Johnson Controls, purchasing 22,093 shares valued at approximately $3.23 million during the second quarter. Institutional investors collectively own 90.05% of the company.
• Analyst sentiment remains mixed but leans positive: the consensus rating is “Hold” with a $155.50 target price, while several firms recently raised their individual targets as high as $190.
• Johnson Controls exceeded quarterly expectations, reporting $1.42 in EPS and $6.61 billion in revenue, with revenue up 9.3% year over year. The company also maintains a quarterly dividend of $0.40 per share, or a 1.1% annual yield.

B & T Capital Management DBA Alpha Capital Management acquired a new stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 22,093 shares of the company's stock, valued at approximately $3,228,000.

A number of other hedge funds also recently made changes to their positions in JCI. Natural Investments LLC grew its holdings in Johnson Controls International by 2.5% during the 2nd quarter. Natural Investments LLC now owns 3,008 shares of the company's stock valued at $439,000 after buying an additional 72 shares in the last quarter. Baron Wealth Management LLC grew its position in shares of Johnson Controls International by 1.6% during the second 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 in the last quarter. Diversify Wealth Management LLC grew its position in shares of Johnson Controls International by 2.0% during the second quarter. Diversify Wealth Management LLC now owns 3,868 shares of the company's stock valued at $555,000 after purchasing an additional 76 shares in the last quarter. Resonant Capital Advisors LLC increased its holdings in shares of Johnson Controls International by 1.5% in the second quarter. Resonant Capital Advisors LLC now owns 5,063 shares of the company's stock worth $742,000 after purchasing an additional 77 shares during the last quarter. Finally, Fourth Dimension Wealth LLC increased its holdings in shares of Johnson Controls International by 51.3% in the second quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company's stock worth $34,000 after purchasing an additional 78 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on JCI. Barclays boosted their target price on Johnson Controls International from $136.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 7th. Wells Fargo & Company lifted their price objective on Johnson Controls International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research note on Thursday, May 7th. Sanford C. Bernstein upped their price objective on Johnson Controls International from $173.00 to $190.00 and gave the stock an "outperform" rating in a report on Friday, August 14th. HSBC increased their target price on Johnson Controls International from $127.00 to $136.00 in a research report on Thursday, May 7th. Finally, UBS Group restated a "buy" rating on shares of Johnson Controls International in a research report on Thursday, July 30th. Twelve investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $155.50.

Johnson Controls International Stock Performance

NYSE JCI opened at $139.33 on Monday. The company has a market cap of $84.40 billion, a P/E ratio of 24.23, a P/E/G ratio of 1.34 and a beta of 1.31. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00. The business's 50 day moving average price is $144.93 and its 200-day moving average price is $141.25. Johnson Controls International plc has a fifty-two week low of $103.82 and a fifty-two week high of $157.06.

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

Johnson Controls International Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 1.1%. Johnson Controls International's dividend payout ratio (DPR) is 27.83%.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Todd M. Grabowski sold 1,800 shares of the firm'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 transaction, the vice president directly owned 26,215 shares in the company, valued at $3,832,633. This trade represents a 6.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Lei Zhang Schlitz sold 23,417 shares of the company's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total value of $3,584,440.19. Following the completion of the sale, the vice president owned 15,017 shares of the company's stock, valued at $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.29% of the company's stock.

Johnson Controls International Company Profile

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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