Diversified Trust Co Boosts Stake in Johnson Controls International plc $JCI

Key Points

• Diversified Trust Co increased its Johnson Controls International stake by 289.8% in the first quarter, ending with 12,353 shares valued at about $1.62 million.
• Institutional ownership remains very high, with hedge funds and other institutional investors holding about 90.05% of the company’s stock.
• Analysts are broadly constructive on JCI, with a consensus rating of “Moderate Buy” and an average price target of $152.85, while the company also recently announced a quarterly dividend of $0.40 per share.

Diversified Trust Co boosted its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 289.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 12,353 shares of the company's stock after purchasing an additional 9,184 shares during the period. Diversified Trust Co's holdings in Johnson Controls International were worth $1,618,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at $222,000. Acadian Asset Management LLC purchased a new stake in shares of Johnson Controls International in the 1st quarter valued at $55,000. Sivia Capital Partners LLC lifted its stake in 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 acquiring an additional 3,203 shares in the last quarter. Jump Financial LLC lifted its stake in 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 acquiring an additional 425 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in Johnson Controls International by 120.7% during the 2nd quarter. Federated Hermes Inc. now owns 12,359 shares of the company's stock valued at $1,305,000 after acquiring an additional 6,760 shares during the period. Hedge funds and other institutional investors own 90.05% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on JCI shares. Barclays lifted their target price on Johnson Controls International from $136.00 to $144.00 and gave the company an "equal weight" rating in a research report on Thursday, May 7th. Wolfe Research reissued an "outperform" rating and issued a $171.00 price objective on shares of Johnson Controls International in a research note on Wednesday, June 3rd. Oppenheimer reissued a "market perform" rating on shares of Johnson Controls International in a research note on Tuesday, June 2nd. BNP Paribas Exane started coverage on shares of Johnson Controls International in a report on Tuesday, April 14th. They issued an "underperform" rating and a $120.00 price objective for the company. Finally, Jefferies Financial Group upped their target price on shares of Johnson Controls International from $125.00 to $135.00 and gave the stock a "hold" rating in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $152.85.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 88,809 shares of the business's stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the completion of the transaction, the vice president owned 57,059 shares in the company, valued at $8,044,748.41. The trade was a 60.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Todd M. Grabowski sold 1,800 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were 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 approximately $3,832,633. This represents a 6.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.29% of the stock is owned by company insiders.

Johnson Controls International Trading Up 2.3%

JCI opened at $148.11 on Tuesday. The business has a fifty day moving average price of $141.61 and a 200 day moving average price of $132.11. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.85. Johnson Controls International plc has a 12 month low of $101.25 and a 12 month high of $149.38. The stock has a market capitalization of $90.37 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 1.56 and a beta of 1.33.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly 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%. Sell-side analysts expect that Johnson Controls International plc will post 4.89 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

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

Johnson Controls International 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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