Bosman Wealth Management LLC Purchases 7,450 Shares of Johnson Controls International plc $JCI

Key Points

• Bosman Wealth Management increased its Johnson Controls position by 365.6% in the second quarter, purchasing 7,450 additional shares and bringing its total to 9,488 shares valued at approximately $1.39 million. Institutional investors collectively own 90.05% of JCI.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $154.80. Recent upgrades included higher targets from Goldman Sachs and Morgan Stanley, while one firm downgraded the stock to “Hold.”
• Johnson Controls reported stronger-than-expected quarterly results, with adjusted earnings of $1.42 per share and revenue of $6.61 billion, up 9.3% year over year. The company also maintains a quarterly dividend of $0.40 per share, representing a 1.1% annualized yield.

Bosman Wealth Management LLC grew its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 365.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,488 shares of the company's stock after buying an additional 7,450 shares during the period. Johnson Controls International makes up 0.9% of Bosman Wealth Management LLC's portfolio, making the stock its 29th largest position. Bosman Wealth Management LLC's holdings in Johnson Controls International were worth $1,386,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Mcguire Capital Advisors Inc. acquired a new position in Johnson Controls International in the fourth quarter valued at about $27,000. Twin Tree Management LP lifted its holdings 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 purchasing an additional 895 shares in the last quarter. SJS Investment Consulting Inc. grew its position in shares of Johnson Controls International by 747.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 288 shares of the company's stock valued at $38,000 after purchasing an additional 254 shares during the period. Elevation Wealth Partners LLC increased its stake in Johnson Controls International by 359.5% during the 2nd quarter. Elevation Wealth Partners LLC now owns 363 shares of the company's stock worth $53,000 after purchasing an additional 284 shares in the last quarter. Finally, Webster Bank N. A. acquired a new stake in Johnson Controls International during the 1st quarter worth approximately $50,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Analyst Upgrades and Downgrades

JCI has been the subject of several research reports. The Goldman Sachs Group increased their price objective on shares of Johnson Controls International from $169.00 to $178.00 and gave the stock a "buy" rating in a research report on Tuesday, June 2nd. HSBC lifted their price target on Johnson Controls International from $127.00 to $136.00 in a research note on Thursday, May 7th. Wall Street Zen lowered Johnson Controls International from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Morgan Stanley upped their price objective on Johnson Controls International from $140.00 to $175.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 9th. Finally, Sanford C. Bernstein assumed coverage on Johnson Controls International in a report on Tuesday, June 9th. They set an "outperform" rating and a $176.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Johnson Controls International currently has a consensus rating of "Moderate Buy" and an average price target of $154.80.

Johnson Controls International Stock Performance

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

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

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors 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 yield of 1.1%. Johnson Controls International's dividend payout ratio is 27.83%.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 23,417 shares of the firm's stock in a transaction that occurred 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 transaction, the vice president directly owned 15,017 shares in the company, valued at $2,298,652.19. This trade represents a 60.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Todd M. Grabowski sold 1,800 shares of the business's stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total value 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. Additional details regarding this sale are available in the official SEC disclosure. Corporate 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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