Engineers Gate Manager LP Has $16.97 Million Stock Position in Johnson Controls International plc $JCI

Key Points

• Engineers Gate Manager LP increased its Johnson Controls position by 82.5% in the second quarter, bringing its holdings to 116,133 shares valued at approximately $16.97 million. Institutional investors collectively own 90.05% of the company.
• Johnson Controls reported quarterly EPS of $1.42, exceeding estimates of $1.30, while revenue rose 9.3% year over year to $6.61 billion. The company maintained a quarterly dividend of $0.40 per share, representing a 1.1% annualized yield.
• Analyst sentiment is mixed, with an average rating of “Hold” and an average price target of $155.75; targets range from $175 to $190 among bullish analysts. The stock recently opened at $145.10, near its 50-day moving average.

Engineers Gate Manager LP lifted its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 82.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,133 shares of the company's stock after acquiring an additional 52,484 shares during the period. Engineers Gate Manager LP's holdings in Johnson Controls International were worth $16,968,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. NBH Bank purchased a new stake in shares of Johnson Controls International in the second quarter valued at $29,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Johnson Controls International in the fourth quarter worth $27,000. Fourth Dimension Wealth LLC grew its holdings in shares of Johnson Controls International by 51.3% during the second quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company's stock valued at $34,000 after buying an additional 78 shares in the last quarter. First Bancorp Inc ME purchased a new position in shares of Johnson Controls International during the second quarter valued at $34,000. Finally, Twin Tree Management LP raised its position in Johnson Controls International by 140.9% during the fourth quarter. Twin Tree Management LP now owns 260 shares of the company's stock valued at $31,000 after buying an additional 895 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.

Johnson Controls International Stock Down 0.9%

JCI opened at $145.10 on Thursday. The business has a 50 day moving average price of $144.77 and a 200 day moving average price of $141.38. Johnson Controls International plc has a twelve month low of $104.49 and a twelve month high of $157.06. 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 firm has a market cap of $87.89 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 1.41 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.30 by $0.12. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.The firm had revenue of $6.61 billion during the quarter, compared to analysts' expectations of $6.46 billion. During the same quarter in the prior year, the business earned $1.05 earnings per share. The company's revenue was up 9.3% on a year-over-year basis. Research analysts forecast that Johnson Controls International plc will post 5.08 EPS for the current year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Monday, September 21st will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Johnson Controls International's payout ratio is currently 27.83%.

Analysts Set New Price Targets

JCI has been the subject of several research analyst reports. Sanford C. Bernstein increased their price objective on Johnson Controls International from $173.00 to $190.00 and gave the stock an "outperform" rating in a research note on Friday, August 14th. Zacks Research cut Johnson Controls International from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 6th. Argus set a $175.00 target price on Johnson Controls International in a research note on Friday, August 7th. Wall Street Zen downgraded Johnson Controls International from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Finally, UBS Group reissued a "buy" rating on shares of Johnson Controls International in a research report on Thursday, July 30th. Twelve equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Johnson Controls International presently has an average rating of "Hold" and an average target price of $155.75.

Insiders Place Their Bets

In other Johnson Controls International news, VP Lei Schlitz sold 23,417 shares of the company'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 sale, the vice president directly owned 15,017 shares in the company, valued at $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is currently owned by corporate insiders.

Johnson Controls International Profile

Johnson Controls International plc NYSE: JCI is a global company focused on building technologies and solutions that improve the efficiency, safety and sustainability of buildings. Its offerings include heating, ventilation and air-conditioning systems, building automation and controls, fire detection and suppression equipment, security systems, and related digital technologies and services.

The company serves commercial, institutional, industrial and residential customers, helping organizations manage building operations, energy use, indoor air quality and physical security.

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