Edgestream Partners L.P. Purchases 42,012 Shares of Johnson Controls International plc (NYSE:JCI)

Edgestream Partners L.P. increased its position in shares of Johnson Controls International plc (NYSE:JCI) by 672.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,258 shares of the company’s stock after buying an additional 42,012 shares during the period. Edgestream Partners L.P.’s holdings in Johnson Controls International were worth $3,152,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of JCI. Vanguard Group Inc. boosted its holdings in shares of Johnson Controls International by 17.3% during the 4th quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock worth $4,114,756,000 after buying an additional 10,522,009 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Johnson Controls International by 95.9% during the 1st quarter. Bank of New York Mellon Corp now owns 12,760,120 shares of the company’s stock worth $833,491,000 after buying an additional 6,247,250 shares during the period. Norges Bank bought a new stake in shares of Johnson Controls International during the 4th quarter worth $316,400,000. Clean Energy Transition LLP bought a new stake in shares of Johnson Controls International during the 4th quarter worth $124,553,000. Finally, Capital World Investors boosted its holdings in shares of Johnson Controls International by 35.6% during the 4th quarter. Capital World Investors now owns 7,622,156 shares of the company’s stock worth $439,341,000 after buying an additional 2,001,644 shares during the period. 90.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on JCI shares. Wells Fargo & Company upped their target price on shares of Johnson Controls International from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Citigroup upped their target price on shares of Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. The Goldman Sachs Group upped their target price on shares of Johnson Controls International from $66.00 to $73.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Oppenheimer upped their target price 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. Finally, Robert W. Baird upped their target price on shares of Johnson Controls International from $62.00 to $72.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $65.23.

Johnson Controls International Price Performance

Shares of JCI traded down $0.56 during trading hours on Tuesday, hitting $69.64. The stock had a trading volume of 575,951 shares, compared to its average volume of 5,257,022. The company’s fifty day moving average is $69.57 and its two-hundred day moving average is $63.67. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.87 and a quick ratio of 0.65. Johnson Controls International plc has a 52 week low of $47.90 and a 52 week high of $74.23. The stock has a market capitalization of $46.92 billion, a price-to-earnings ratio of 28.42, a P/E/G ratio of 1.80 and a beta of 1.28.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.03. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. On average, analysts anticipate that Johnson Controls International plc will post 3.59 EPS for the current year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Monday, June 24th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Monday, June 24th. Johnson Controls International’s payout ratio is 59.92%.

Insider Transactions at Johnson Controls International

In other news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $66.01, for a total value of $77,033.67. Following the sale, the chief operating officer now owns 104,556 shares of the company’s stock, valued at approximately $6,901,741.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $62.86, for a total transaction of $188,580.00. Following the sale, the chief operating officer now owns 106,891 shares of the company’s stock, valued at approximately $6,719,168.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $66.01, for a total transaction of $77,033.67. Following the completion of the transaction, the chief operating officer now directly owns 104,556 shares in the company, valued at approximately $6,901,741.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,067 shares of company stock valued at $1,163,404. 0.69% of the stock is owned by insiders.

Johnson Controls International Company Profile

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.