NEOS Investment Management LLC Purchases 8,630 Shares of Johnson Controls International plc $JCI

Key Points

• NEOS Investment Management increased its Johnson Controls stake by 9.5% in the second quarter, purchasing 8,630 shares and bringing its holdings to 99,527 shares valued at approximately $14.5 million.
• Johnson Controls reported strong quarterly results, with adjusted EPS of $1.42 exceeding estimates of $1.30 and revenue rising 9.3% year over year to $6.61 billion.
• Shares opened at $144.87, while analysts maintained a consensus “Hold” rating with an average price target of $155.75; institutional investors own 90.05% of the stock.

NEOS Investment Management LLC increased its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 9.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 99,527 shares of the company's stock after buying an additional 8,630 shares during the quarter. NEOS Investment Management LLC's holdings in Johnson Controls International were worth $14,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Johnson Controls International in the 4th quarter valued at about $927,739,000. Viking Global Investors LP increased its position in Johnson Controls International by 368.5% during the 3rd quarter. Viking Global Investors LP now owns 6,796,942 shares of the company's stock valued at $747,324,000 after purchasing an additional 5,346,130 shares during the period. Amundi increased its position in Johnson Controls International by 157.2% during the 1st quarter. Amundi now owns 5,965,212 shares of the company's stock valued at $781,145,000 after purchasing an additional 3,646,047 shares during the period. Ameriprise Financial Inc. raised its holdings in Johnson Controls International by 140.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company's stock worth $483,281,000 after purchasing an additional 2,675,157 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Johnson Controls International by 13.0% during the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company's stock worth $1,916,417,000 after purchasing an additional 1,837,220 shares during the last quarter. Institutional investors own 90.05% of the company's stock.

Insider Transactions at Johnson Controls International

In other news, VP Todd Grabowski sold 1,800 shares of the firm's stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total value of $263,160.00. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Lei Schlitz sold 23,417 shares of the business'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 completion of the sale, the vice president directly owned 15,017 shares of the company's stock, valued at $2,298,652.19. The trade was a 60.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is owned by corporate insiders.

Johnson Controls International Stock Up 1.9%

Johnson Controls International stock opened at $144.87 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. Johnson Controls International plc has a 12-month low of $104.03 and a 12-month high of $157.06. The firm's fifty day moving average is $144.69 and its 200 day moving average is $141.29. The company has a market capitalization of $87.75 billion, a PE ratio of 25.19, a PEG ratio of 1.37 and a beta of 1.29.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.12. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The business had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.46 billion. During the same period in the prior year, the firm earned $1.05 earnings per share. Johnson Controls International's revenue was up 9.3% on a year-over-year basis. As a group, sell-side analysts predict that Johnson Controls International plc will post 5.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Citigroup upped their price objective on shares of Johnson Controls International from $155.00 to $157.00 and gave the company a "neutral" rating in a research note on Thursday, July 30th. Zacks Research lowered shares of Johnson Controls International from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 6th. Wolfe Research reaffirmed an "outperform" rating and set a $171.00 price target on shares of Johnson Controls International in a research report on Wednesday, June 3rd. The Goldman Sachs Group increased their price target on Johnson Controls International from $169.00 to $178.00 and gave the stock a "buy" rating in a report on Tuesday, June 2nd. Finally, Morgan Stanley lifted their price objective on Johnson Controls International from $175.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday. Twelve research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $155.75.

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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