TD Waterhouse Canada Inc. Raises Position in Johnson Controls International plc $JCI

Key Points

• TD Waterhouse Canada increased its Johnson Controls position by 18% in the second quarter, adding 19,088 shares to own 124,880 shares valued at approximately $18.1 million. Institutional investors collectively own 90.05% of JCI.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $154.80; recent targets range from $171 to $178.
• Johnson Controls reported quarterly earnings of $1.42 per share and revenue of $6.61 billion, beating estimates and increasing revenue 9.3% year over year. The company also pays a quarterly dividend of $0.40 per share, yielding about 1.1% annually.

TD Waterhouse Canada Inc. grew its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 18.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,880 shares of the company's stock after acquiring an additional 19,088 shares during the period. TD Waterhouse Canada Inc.'s holdings in Johnson Controls International were worth $18,090,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of JCI. Baron Wealth Management LLC boosted its holdings in 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 purchasing an additional 75 shares during the period. Resonant Capital Advisors LLC grew 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 worth $742,000 after purchasing an additional 77 shares in the last quarter. Strategic Investment Advisors MI increased 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 purchasing an additional 78 shares during the period. CX Institutional increased its holdings in Johnson Controls International by 0.5% during the 2nd 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, UMB Bank n.a. raised its position in Johnson Controls International by 2.5% in the 4th quarter. UMB Bank n.a. now owns 3,261 shares of the company's stock valued at $391,000 after purchasing an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Analysts Set New Price Targets

JCI has been the subject of several recent research reports. The Goldman Sachs Group lifted their price objective 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. Sanford C. Bernstein initiated coverage on shares of Johnson Controls International in a research note on Tuesday, June 9th. They set an "outperform" rating and a $176.00 target price on the stock. Wolfe Research reaffirmed an "outperform" rating and issued a $171.00 target price on shares of Johnson Controls International in a report on Wednesday, June 3rd. Oppenheimer reiterated a "market perform" rating on shares of Johnson Controls International in a research note on Tuesday, June 2nd. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Johnson Controls International in a report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $154.80.

Insider Activity at Johnson Controls International

In related news, VP Lei Zhang Schlitz sold 23,417 shares of the 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 transaction, the vice president directly owned 15,017 shares of the company's stock, valued at $2,298,652.19. This trade represents a 60.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the sale, the vice president owned 26,215 shares in the company, valued at $3,832,633. This represents 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 currently owned by insiders.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $151.47 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00. 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 $91.75 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 1.47 and a beta of 1.31. The stock's 50-day simple moving average is $144.71 and its 200-day simple moving average is $139.65.

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, topping 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 firm's revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.05 earnings per share. As a group, equities research analysts forecast that Johnson Controls International plc will post 5.08 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, June 15th. Johnson Controls International's payout ratio is currently 27.83%.

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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