CoreCap Advisors LLC Takes $61,000 Position in Johnson Controls International plc (NYSE:JCI)

Posted by on Jun 1st, 2023

CoreCap Advisors LLC bought a new position in Johnson Controls International plc (NYSE:JCI – Get Rating) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 953 shares of the company’s stock, valued at approximately $61,000.

A number of other institutional investors also recently bought and sold shares of the stock. Advisor Group Holdings Inc. raised its holdings in Johnson Controls International by 10.0% in the 4th quarter. Advisor Group Holdings Inc. now owns 124,551 shares of the company’s stock worth $7,974,000 after purchasing an additional 11,371 shares during the period. ProVise Management Group LLC bought a new position in Johnson Controls International in the 4th quarter worth $256,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Johnson Controls International by 8.7% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 455,338 shares of the company’s stock worth $29,142,000 after purchasing an additional 36,500 shares during the period. Blair William & Co. IL raised its holdings in Johnson Controls International by 534.4% in the 4th quarter. Blair William & Co. IL now owns 76,053 shares of the company’s stock worth $4,867,000 after purchasing an additional 64,064 shares during the period. Finally, Tredje AP fonden raised its holdings in Johnson Controls International by 55.2% in the 4th quarter. Tredje AP fonden now owns 57,353 shares of the company’s stock worth $3,671,000 after purchasing an additional 20,391 shares during the period. 88.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Barclays decreased their target price on Johnson Controls International from $73.00 to $70.00 and set an “equal weight” rating on the stock in a report on Thursday, April 6th. Deutsche Bank Aktiengesellschaft cut their price target on Johnson Controls International from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, April 12th. JPMorgan Chase & Co. increased their price target on Johnson Controls International from $70.00 to $72.00 in a research note on Monday, May 8th. Wells Fargo & Company cut their price target on Johnson Controls International from $69.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, April 13th. Finally, Oppenheimer cut their price target on Johnson Controls International from $76.00 to $72.00 and set an “outperform” rating for the company in a research note on Thursday, February 2nd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Johnson Controls International has a consensus rating of “Moderate Buy” and a consensus target price of $69.31.

Insiders Place Their Bets

In other Johnson Controls International news, VP John Donofrio sold 14,253 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $63.02, for a total value of $898,224.06. Following the completion of the sale, the vice president now owns 37,090 shares of the company’s stock, valued at $2,337,411.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Olivier Leonetti sold 30,997 shares of Johnson Controls International stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $62.36, for a total transaction of $1,932,972.92. Following the completion of the sale, the chief financial officer now owns 101,757 shares of the company’s stock, valued at $6,345,566.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John Donofrio sold 14,253 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $63.02, for a total transaction of $898,224.06. Following the sale, the vice president now directly owns 37,090 shares of the company’s stock, valued at approximately $2,337,411.80. The disclosure for this sale can be found here. 0.71% of the stock is owned by insiders.

Johnson Controls International Trading Down 3.2 %

JCI opened at $59.70 on Thursday. The firm has a market cap of $40.96 billion, a P/E ratio of 29.70, a P/E/G ratio of 1.28 and a beta of 1.22. Johnson Controls International plc has a 12 month low of $45.52 and a 12 month high of $69.60. The company has a current ratio of 1.03, a quick ratio of 0.78 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average of $59.70 and a 200 day moving average of $63.19.

Johnson Controls International (NYSE:JCI – Get Rating) last released its quarterly earnings results on Friday, May 5th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.73 by $0.02. The company had revenue of $6.69 billion during the quarter, compared to analyst estimates of $6.51 billion. Johnson Controls International had a return on equity of 13.07% and a net margin of 5.33%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the business posted $0.63 earnings per share. As a group, research analysts forecast that Johnson Controls International plc will post 3.57 EPS for the current year.

Johnson Controls International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Monday, March 20th were paid a $0.36 dividend. The ex-dividend date was Friday, March 17th. This represents a $1.44 annualized dividend and a yield of 2.41%. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.35. Johnson Controls International’s dividend payout ratio (DPR) is presently 71.64%.

Johnson Controls International Profile

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Johnson Controls International Plc engages in the provision of building products, energy solutions, integrated infrastructure and next generation transportation systems. Its technology and service capabilities include fire, security, HVAC, power solutions and energy storage to serve various end markets including large institutions, commercial buildings, retail, industrial, small business and residential.

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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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