Continuum Advisory LLC Acquires 9,340 Shares of Johnson Controls International plc $JCI

Key Points

• Continuum Advisory increased its Johnson Controls stake by 545.6% in the second quarter, acquiring 9,340 additional shares for a total holding of 11,052 shares valued at approximately $1.62 million. Institutional investors collectively own 90.05% of the company.
• 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 stock recently traded at $142.20, with a market capitalization of about $86.1 billion.
• Analysts have a consensus “Hold” rating and an average price target of $155.75, although some firms recently downgraded the stock. Two company vice presidents also sold shares, including a 23,417-share sale by Lei Schlitz.

Continuum Advisory LLC boosted its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 545.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,052 shares of the company's stock after acquiring an additional 9,340 shares during the quarter. Continuum Advisory LLC's holdings in Johnson Controls International were worth $1,615,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Abacus Wealth Partners LLC bought a new stake in Johnson Controls International during the 4th quarter valued at $1,233,000. North Dakota State Investment Board purchased a new position in shares of Johnson Controls International during the fourth quarter valued at $2,712,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Johnson Controls International in the fourth quarter valued at about $16,426,000. Rokos Capital Management LLP bought a new stake in shares of Johnson Controls International in the first quarter valued at about $45,833,000. Finally, Catalyst Funds Management Pty Ltd lifted its stake in Johnson Controls International by 536.4% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 21,000 shares of the company's stock worth $2,515,000 after acquiring an additional 17,700 shares during the period. Institutional investors own 90.05% of the company's stock.

Johnson Controls International Trading Up 2.1%

NYSE JCI opened at $142.20 on Friday. Johnson Controls International plc has a 52 week low of $104.03 and a 52 week high of $157.06. The company has a 50 day moving average price of $144.56 and a 200 day moving average price of $141.26. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61. The firm has a market cap of $86.14 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 1.34 and a beta of 1.29.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate 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 net margin of 14.32% and a return on equity of 22.11%. Johnson Controls International's revenue was up 9.3% compared to the same quarter last year. During the same period last year, the firm earned $1.05 earnings per share. As a group, sell-side analysts forecast that Johnson Controls International plc will post 5.08 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Wall Street Zen cut shares of Johnson Controls International from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Zacks Research lowered shares of Johnson Controls International from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 6th. HSBC upped their price target on shares of Johnson Controls International from $127.00 to $136.00 in a research report on Thursday, May 7th. Mizuho boosted their price objective on shares of Johnson Controls International from $130.00 to $140.00 and gave the stock a "neutral" rating in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada upped their target price on Johnson Controls International from $154.00 to $161.00 and gave the stock a "sector perform" rating in a report on Thursday, July 30th. Twelve analysts have rated the stock with 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.com, the stock presently has an average rating of "Hold" and a consensus price target of $155.75.

Insider Buying and Selling at Johnson Controls International

In related news, VP Todd M. Grabowski sold 1,800 shares of the business'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. The trade was 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 Schlitz sold 23,417 shares of the business'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 transaction, the vice president owned 15,017 shares in the company, valued at approximately $2,298,652.19. This trade represents a 60.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source