Johnson Controls International plc $JCI Shares Acquired by Daiwa Securities Group Inc.

Key Points

• Daiwa Securities Group increased its Johnson Controls position by 3.5% in the second quarter, acquiring 9,065 shares and bringing its total holdings to 270,360 shares valued at approximately $39.5 million. Institutional investors collectively own 90.05% of the company.
• Johnson Controls reported quarterly earnings of $1.42 per share, exceeding estimates of $1.30, while revenue rose 9.3% year over year to $6.61 billion. The stock opened at $153.73, near its 52-week high of $157.06.
• The company maintains a quarterly dividend of $0.40, equivalent to a $1.60 annual payout and 1.0% yield. Analysts have a consensus “Hold” rating with an average price target of $155.50, while recent targets range as high as $178.

Daiwa Securities Group Inc. boosted its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 3.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 270,360 shares of the company's stock after purchasing an additional 9,065 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Johnson Controls International were worth $39,502,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JCI. Baron Wealth Management LLC grew its position in shares of Johnson Controls International by 1.6% during the second quarter. Baron Wealth Management LLC now owns 4,705 shares of the company's stock worth $687,000 after buying an additional 75 shares in the last quarter. Diversify Wealth Management LLC raised its holdings in Johnson Controls International by 2.0% in the second quarter. Diversify Wealth Management LLC now owns 3,868 shares of the company's stock valued at $555,000 after acquiring an additional 76 shares in the last quarter. Resonant Capital Advisors LLC boosted its stake in Johnson Controls International by 1.5% during the 2nd quarter. Resonant Capital Advisors LLC now owns 5,063 shares of the company's stock valued at $742,000 after acquiring an additional 77 shares during the last quarter. Strategic Investment Advisors MI grew its holdings in 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. Finally, UMB Bank n.a. grew its holdings in Johnson Controls International by 2.5% during 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 in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 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 sale, the vice president directly 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. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Todd M. Grabowski sold 1,800 shares of the business's stock in a transaction 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 transaction, the vice president directly owned 26,215 shares of the company's stock, valued at approximately $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. 0.29% of the stock is owned by company insiders.

Johnson Controls International Stock Performance

Shares of NYSE JCI opened at $153.73 on Friday. 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's 50-day moving average price is $144.91 and its two-hundred day moving average price is $139.75. Johnson Controls International plc has a 52-week low of $103.07 and a 52-week high of $157.06. The stock has a market capitalization of $93.12 billion, a P/E ratio of 26.74, a P/E/G ratio of 1.46 and a beta of 1.31.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its 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 company had revenue of $6.61 billion during the quarter, compared to analyst estimates 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 revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.05 earnings per share. As a group, sell-side analysts forecast that Johnson Controls International plc will post 5.08 earnings per share for the current year.

Johnson Controls International Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wells Fargo & Company boosted their price objective on Johnson Controls International from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Thursday, May 7th. Wolfe Research reiterated an "outperform" rating and issued a $171.00 target price on shares of Johnson Controls International in a research report on Wednesday, June 3rd. Mizuho boosted their price target on Johnson Controls International from $130.00 to $140.00 and gave the company a "neutral" rating in a report on Thursday, May 7th. The Goldman Sachs Group upped their price target on Johnson Controls International from $169.00 to $178.00 and gave the company a "buy" rating in a research report on Tuesday, June 2nd. Finally, HSBC raised their price objective on Johnson Controls International from $127.00 to $136.00 in a research note on Thursday, May 7th. Twelve equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Johnson Controls International presently has an average rating of "Hold" and an average target price of $155.50.

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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