Johnson Controls International plc $JCI Shares Newly Purchased by Rakuten Investment Management Inc.

by · The Cerbat Gem

Rakuten Investment Management Inc. acquired a new position in Johnson Controls International plc (NYSE:JCI – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 109,009 shares of the company’s stock, valued at approximately $16,288,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Provenance Wealth Advisors LLC grew its holdings in Johnson Controls International by 523.5% during the third quarter. Provenance Wealth Advisors LLC now owns 2,413 shares of the company’s stock valued at $359,000 after purchasing an additional 2,026 shares during the period. Legacy CG LLC grew its holdings in Johnson Controls International by 4.7% during the 3rd quarter. Legacy CG LLC now owns 39,287 shares of the company’s stock valued at $5,840,000 after buying an additional 1,768 shares in the last quarter. Integrity Alliance LLC. raised its position in shares of Johnson Controls International by 11.6% during the third quarter. Integrity Alliance LLC. now owns 3,488 shares of the company’s stock valued at $519,000 after buying an additional 363 shares during the last quarter. CrossGen Wealth LLC boosted its position in shares of Johnson Controls International by 3.7% during the third quarter. CrossGen Wealth LLC now owns 15,448 shares of the company’s stock worth $2,296,000 after acquiring an additional 557 shares during the last quarter. Finally, VCI Wealth Management LLC bought a new stake in Johnson Controls International in the 3rd quarter valued at $4,891,000. 90.05% of the stock is owned by institutional investors.

Insider Activity at Johnson Controls International

In related news, Director Juergen Tinggren sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $159.19, for a total value of $636,760.00. Following the sale, the director owned 27,236 shares of the company’s stock, valued at approximately $4,335,698.84. This represents a 12.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.29% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Morgan Stanley increased their price target on Johnson Controls International from $175.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, September 2nd. Sanford C. Bernstein reissued an “outperform” rating on shares of Johnson Controls International in a research report on Wednesday, October 7th. Mizuho lifted their price objective on shares of Johnson Controls International from $150.00 to $165.00 and gave the company a “neutral” rating in a report on Thursday, October 15th. Zacks Research cut shares of Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen cut Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $166.86.

View Our Latest Research Report on Johnson Controls International

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $140.37 on Thursday. The company’s fifty day moving average price is $147.53 and its 200 day moving average price is $141.29. Johnson Controls International plc has a 12 month low of $108.41 and a 12 month high of $160.41. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.90 and a quick ratio of 0.75. The firm has a market capitalization of $85.03 billion, a P/E ratio of 29.99, a P/E/G ratio of 1.18 and a beta of 1.27.

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

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, September 21st were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Johnson Controls International’s payout ratio is 34.19%.

Johnson Controls International Company Profile

(Free Report)

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.

Further Reading

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