Levin Capital Strategies L.P. increased its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 187.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,188 shares of the company's stock after purchasing an additional 25,545 shares during the quarter. Levin Capital Strategies L.P.'s holdings in Johnson Controls International were worth $5,726,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of JCI. Simmons Bank increased its position in Johnson Controls International by 10.1% in the second quarter. Simmons Bank now owns 3,451 shares of the company's stock worth $504,000 after buying an additional 316 shares in the last quarter. Zions Bancorporation National Association UT grew its stake in shares of Johnson Controls International by 132.0% during the 2nd quarter. Zions Bancorporation National Association UT now owns 2,582 shares of the company's stock valued at $377,000 after acquiring an additional 1,469 shares during the period. New Republic Capital LLC purchased a new stake in Johnson Controls International in the 2nd quarter worth approximately $278,000. Avail Investment Partners LLC purchased a new stake in Johnson Controls International in the 2nd quarter worth approximately $269,000. Finally, Calamos Wealth Management LLC lifted its holdings in Johnson Controls International by 50.6% during the second quarter. Calamos Wealth Management LLC now owns 83,297 shares of the company's stock valued at $12,171,000 after purchasing an additional 27,982 shares in the last quarter. Institutional investors own 90.05% of the company's stock.
Insider Transactions at Johnson Controls International
In other Johnson Controls International news, VP Lei Zhang Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction that occurred 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 owned 15,017 shares of the company's stock, valued at $2,298,652.19. The trade was a 60.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Todd M. Grabowski sold 1,800 shares of the company'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 sale, the vice president directly owned 26,215 shares in the company, valued at $3,832,633. This trade represents a 6.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is currently owned by insiders.
Johnson Controls International Trading Up 1.5%
Johnson Controls International stock opened at $153.73 on Friday. Johnson Controls International plc has a 1 year low of $103.07 and a 1 year high of $157.06. The firm's 50 day moving average price is $144.91 and its 200-day moving average price is $139.75. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.00 and a quick ratio of 0.83. The stock has a market cap of $93.12 billion, a P/E ratio of 26.74, a PEG ratio of 1.48 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 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 analysts' expectations 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 quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the company posted $1.05 earnings per share. On average, equities analysts predict 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 announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, June 15th. Johnson Controls International's payout ratio is 27.83%.
Analyst Ratings Changes
A number of equities analysts have weighed in on JCI shares. UBS Group reiterated a "buy" rating on shares of Johnson Controls International in a research report on Thursday, July 30th. Wolfe Research restated an "outperform" rating and set a $171.00 target price on shares of Johnson Controls International in a research note on Wednesday, June 3rd. Citigroup upped their target price on shares of Johnson Controls International from $155.00 to $157.00 and gave the stock a "neutral" rating in a report on Thursday, July 30th. Robert W. Baird increased their price target on Johnson Controls International from $132.00 to $148.00 and gave the stock a "neutral" rating in a research note on Monday, April 27th. Finally, Mizuho raised 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. Twelve research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $155.50.
View Our Latest Report on JCI
Johnson Controls International Profile
(
Free Report)
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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