Johnson Controls International plc $JCI Shares Acquired by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Johnson Controls position by 218.1% in the second quarter, acquiring 252,656 additional shares for a total holding of 368,514 shares valued at approximately $53.8 million. Institutional investors collectively own 90.05% of the company.
• Johnson Controls reported quarterly earnings of $1.42 per share, surpassing the $1.30 consensus estimate, while revenue reached $6.61 billion and rose 9.3% year over year.
• The company maintains a quarterly dividend of $0.40 per share, equivalent to an annualized $1.60 and a 1.0% yield. Analysts give the stock a “Moderate Buy” consensus rating with an average price target of $154.80.

Assenagon Asset Management S.A. lifted its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 218.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 368,514 shares of the company's stock after buying an additional 252,656 shares during the period. Assenagon Asset Management S.A. owned 0.06% of Johnson Controls International worth $53,844,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Baron Wealth Management LLC increased its holdings in shares of Johnson Controls International by 1.6% in the second quarter. Baron Wealth Management LLC now owns 4,705 shares of the company's stock valued at $687,000 after buying an additional 75 shares in the last quarter. Strategic Investment Advisors MI boosted its stake in shares of Johnson Controls International by 1.5% during the 4th quarter. Strategic Investment Advisors MI now owns 5,389 shares of the company's stock worth $645,000 after acquiring an additional 78 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Johnson Controls International by 2.5% in the 4th quarter. UMB Bank n.a. now owns 3,261 shares of the company's stock worth $391,000 after acquiring an additional 79 shares during the last quarter. CX Institutional raised its position in shares of Johnson Controls International by 0.5% during the second quarter. CX Institutional now owns 14,779 shares of the company's stock worth $2,159,000 after purchasing an additional 79 shares during the period. Finally, Lcnb Corp boosted its holdings in shares of Johnson Controls International by 4.0% in the fourth quarter. Lcnb Corp now owns 2,094 shares of the company's stock worth $251,000 after buying an additional 81 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Trading Down 1.4%

Johnson Controls International stock opened at $152.43 on Friday. The company has a market cap of $92.33 billion, a price-to-earnings ratio of 26.51, a P/E/G ratio of 1.49 and a beta of 1.31. The firm has a 50-day moving average of $143.93 and a 200-day moving average of $138.42. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.00 and a quick ratio of 0.83. Johnson Controls International plc has a one year low of $103.07 and a one year 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 EPS for the quarter, beating the consensus estimate of $1.30 by $0.12. The firm had revenue of $6.61 billion during the quarter, compared to analysts' expectations of $6.46 billion. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.The business's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.05 earnings per share. On average, equities analysts expect that Johnson Controls International plc will post 5.08 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, June 15th. Johnson Controls International's dividend payout ratio (DPR) is 27.83%.

Insider Activity

In other news, VP Lei Zhang 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 value of $3,584,440.19. Following the sale, the vice president directly owned 15,017 shares of the company's stock, valued at approximately $2,298,652.19. This represents a 60.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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. The trade was a 6.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on JCI shares. Evercore initiated coverage on shares of Johnson Controls International in a research report on Monday, April 13th. They set a "hold" rating and a $155.00 price objective on the stock. BNP Paribas Exane started coverage on shares of Johnson Controls International in a research report on Tuesday, April 14th. They issued an "underperform" rating and a $120.00 target price for the company. Wells Fargo & Company lifted their target price on shares of Johnson Controls International from $145.00 to $160.00 and gave the company an "overweight" rating in a research note on Thursday, May 7th. The Goldman Sachs Group boosted their price target on Johnson Controls International from $169.00 to $178.00 and gave the company a "buy" rating in a research note on Tuesday, June 2nd. Finally, UBS Group reaffirmed a "buy" rating on shares of Johnson Controls International in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $154.80.

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.

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