Johnson Controls International plc (NYSE:JCI) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Johnson Controls International plc (NYSE:JCI) by 10.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,157 shares of the company’s stock after purchasing an additional 6,471 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Johnson Controls International were worth $4,663,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Rise Advisors LLC acquired a new stake in Johnson Controls International during the first quarter worth approximately $25,000. EdgeRock Capital LLC acquired a new stake in shares of Johnson Controls International during the fourth quarter worth $27,000. Hexagon Capital Partners LLC grew its position in shares of Johnson Controls International by 114.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock valued at $29,000 after purchasing an additional 268 shares during the period. Continuum Advisory LLC grew its position in shares of Johnson Controls International by 65.2% in the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares during the period. Finally, Friedenthal Financial acquired a new position in Johnson Controls International in the second quarter valued at $47,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $66.01, for a total value of $77,033.67. Following the completion of the sale, the chief operating officer now directly owns 104,556 shares of the company’s stock, valued at $6,901,741.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 2,892 shares of company stock worth $197,011. 0.69% of the stock is currently owned by corporate insiders.

Johnson Controls International Price Performance

Shares of JCI stock opened at $72.85 on Friday. Johnson Controls International plc has a twelve month low of $47.90 and a twelve month high of $75.36. The company has a market capitalization of $48.66 billion, a PE ratio of 29.49, a price-to-earnings-growth ratio of 1.97 and a beta of 1.28. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The firm has a fifty day simple moving average of $68.74 and a 200-day simple moving average of $66.35.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.06. The company had revenue of $7.23 billion for the quarter, compared to the consensus estimate of $7.53 billion. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. Johnson Controls International’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.03 EPS. Equities research analysts anticipate that Johnson Controls International plc will post 3.67 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Monday, June 24th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Monday, June 24th. Johnson Controls International’s payout ratio is currently 59.92%.

Analyst Upgrades and Downgrades

JCI has been the subject of a number of research analyst reports. Oppenheimer upped their price objective on shares of Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a research note on Thursday, June 27th. Barclays cut their price target on shares of Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Robert W. Baird lifted their price target on shares of Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. The Goldman Sachs Group upped their price objective on Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company lifted their target price on Johnson Controls International from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Eleven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $68.31.

About Johnson Controls International

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.