VCI Wealth Management LLC Makes New Investment in Johnson Controls International plc $JCI

Key Points

• VCI Wealth Management acquired 32,900 Johnson Controls shares worth approximately $4.9 million in the third quarter, making JCI its 20th-largest holding and 1.2% of its portfolio. Institutional investors collectively own 90.05% of the stock.
• Johnson Controls reported quarterly EPS of $1.66, beating estimates by $0.07, while revenue reached $7.11 billion, up 10.4% year over year and above consensus expectations.
• The stock opened at $146.12 after recently declining 2%; analysts maintain a consensus “Moderate Buy” rating with an average price target of $166.86. The company also pays a $0.40 quarterly dividend, yielding about 1.1% annually.

VCI Wealth Management LLC acquired a new position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 32,900 shares of the company's stock, valued at approximately $4,891,000. Johnson Controls International makes up approximately 1.2% of VCI Wealth Management LLC's portfolio, making the stock its 20th biggest holding.

Several other large investors have also modified their holdings of the stock. Rokos Capital Management LLP acquired a new position in shares of Johnson Controls International in the first quarter worth about $45,833,000. ABN Amro Investment Solutions acquired a new stake in shares of Johnson Controls International during the first quarter valued at approximately $8,863,000. QRG Capital Management Inc. raised its holdings in shares of Johnson Controls International by 4.7% during the second quarter. QRG Capital Management Inc. now owns 222,168 shares of the company's stock valued at $32,461,000 after acquiring an additional 9,988 shares during the period. Epoch Investment Partners Inc. lifted its position in shares of Johnson Controls International by 62.7% in the 1st quarter. Epoch Investment Partners Inc. now owns 204,295 shares of the company's stock valued at $26,752,000 after acquiring an additional 78,766 shares in the last quarter. Finally, Swiss Life Asset Management Ltd purchased a new stake in shares of Johnson Controls International in the 2nd quarter valued at approximately $23,198,000. 90.05% of the stock is owned by institutional investors.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, Director Juergen Tinggren sold 4,000 shares of the business's stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $159.19, for a total value of $636,760.00. Following the transaction, the director owned 27,236 shares in the company, valued at $4,335,698.84. The trade was a 12.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.29% of the company's stock.

Johnson Controls International Stock Down 2.0%

Johnson Controls International stock opened at $146.12 on Tuesday. The firm has a market cap of $88.51 billion, a PE ratio of 31.22, a P/E/G ratio of 1.13 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.83 and a current ratio of 0.90. The firm's 50 day moving average price is $147.42 and its two-hundred day moving average price is $140.96. Johnson Controls International plc has a twelve month low of $108.41 and a twelve month high of $160.41.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its earnings results on Tuesday, October 27th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.59 by $0.07. The company had revenue of $7.11 billion during the quarter, compared to the consensus estimate of $7.04 billion. Johnson Controls International had a net margin of 11.12% and a return on equity of 23.38%. The company's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.26 EPS. On average, research analysts predict that Johnson Controls International plc will post 6.29 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, September 21st were issued 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, September 21st. Johnson Controls International's dividend payout ratio (DPR) is currently 34.19%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Johnson Controls International from $186.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 28th. Wall Street Zen downgraded shares of Johnson Controls International from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. UBS Group restated a "buy" rating on shares of Johnson Controls International in a report on Wednesday, October 28th. Morgan Stanley increased their target price on Johnson Controls International from $175.00 to $180.00 and gave the company an "overweight" rating in a report on Wednesday, September 2nd. Finally, Citigroup raised their target price on Johnson Controls International from $170.00 to $172.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $166.86.

Johnson Controls International Profile

Johnson Controls International plc NYSE: JCI is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.

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