Swiss Life Asset Management Ltd Purchases New Shares in Johnson Controls International plc $JCI

Key Points

• Swiss Life Asset Management purchased 158,769 Johnson Controls shares worth approximately $23.2 million in the second quarter, while institutional investors collectively own 90.05% of the company.
• Johnson Controls reported stronger-than-expected quarterly results, with EPS of $1.42 versus the $1.30 consensus estimate and revenue of $6.61 billion, up 9.3% year over year.
• The company maintains a quarterly dividend of $0.40 per share, equivalent to a 1.0% annual yield. Analysts hold a consensus “Hold” rating with an average price target of $155.50.

Swiss Life Asset Management Ltd purchased a new position in Johnson Controls International plc (NYSE:JCI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 158,769 shares of the company's stock, valued at approximately $23,198,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Johnson Controls International by 14.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 112,411 shares of the company's stock worth $13,461,000 after purchasing an additional 14,446 shares during the last quarter. Abacus Wealth Partners LLC bought a new position in shares of Johnson Controls International during the fourth quarter valued at approximately $1,233,000. North Dakota State Investment Board bought a new position in shares of Johnson Controls International during the fourth quarter valued at approximately $2,712,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Johnson Controls International in the fourth quarter worth approximately $16,426,000. Finally, Catalyst Funds Management Pty Ltd raised its holdings in shares of Johnson Controls International by 536.4% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 21,000 shares of the company's stock worth $2,515,000 after buying an additional 17,700 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Price Performance

Shares of JCI stock opened at $153.73 on Friday. Johnson Controls International plc has a fifty-two week low of $103.07 and a fifty-two week high of $157.06. The firm has a market capitalization of $93.12 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 1.46 and a beta of 1.31. 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 stock's 50-day simple moving average is $144.91 and its 200-day simple moving average is $139.75.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings data 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 analyst estimates 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 revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm posted $1.05 EPS. As a group, equities analysts forecast that Johnson Controls International plc will post 5.08 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, June 15th. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. Johnson Controls International's dividend payout ratio is presently 27.83%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on JCI shares. Weiss Ratings restated a "buy (b)" rating on shares of Johnson Controls International in a report on Tuesday, June 9th. Wolfe Research reiterated an "outperform" rating and issued a $171.00 target price on shares of Johnson Controls International in a research note on Wednesday, June 3rd. Citigroup increased their target price on Johnson Controls International from $155.00 to $157.00 and gave the stock a "neutral" rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. lifted their target price on Johnson Controls International from $158.00 to $162.00 in a research report on Thursday, May 7th. Finally, Zacks Research lowered shares of Johnson Controls International from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 6th. Twelve equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given 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 a consensus target price of $155.50.

Insiders Place Their Bets

In other news, 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 sale, the vice president directly owned 26,215 shares of the company's stock, valued at $3,832,633. The trade was a 6.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Lei Zhang Schlitz sold 23,417 shares of the company's stock in a transaction on 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 transaction, the vice president directly owned 15,017 shares in the company, valued at approximately $2,298,652.19. The trade was a 60.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.29% of the company's stock.

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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