Hsbc Holdings PLC Purchases 264,187 Shares of Johnson Controls International plc (NYSE:JCI)

Hsbc Holdings PLC grew its position in shares of Johnson Controls International plc (NYSE:JCI) by 83.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 582,039 shares of the company’s stock after purchasing an additional 264,187 shares during the period. Hsbc Holdings PLC owned about 0.09% of Johnson Controls International worth $38,947,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blair William & Co. IL lifted its position in Johnson Controls International by 13.2% in the 2nd quarter. Blair William & Co. IL now owns 11,676 shares of the company’s stock worth $776,000 after buying an additional 1,358 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Johnson Controls International by 19.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 56,962 shares of the company’s stock valued at $3,753,000 after acquiring an additional 9,293 shares during the last quarter. Tredje AP fonden raised its stake in shares of Johnson Controls International by 5.0% during the second quarter. Tredje AP fonden now owns 233,397 shares of the company’s stock worth $15,514,000 after acquiring an additional 11,200 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Johnson Controls International by 4.4% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 22,781 shares of the company’s stock worth $1,514,000 after acquiring an additional 950 shares during the last quarter. Finally, Wealth Alliance purchased a new stake in shares of Johnson Controls International in the 2nd quarter valued at $241,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of the transaction, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related 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 transaction, the chief operating officer now owns 104,556 shares in the company, valued at approximately $6,901,741.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the sale, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. The disclosure for this sale can be found here. Insiders have sold 115,046 shares of company stock valued at $8,347,562 over the last quarter. Corporate insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Performance

Johnson Controls International stock opened at $74.10 on Friday. Johnson Controls International plc has a fifty-two week low of $47.90 and a fifty-two week high of $75.36. The stock’s 50 day simple moving average is $69.95 and its two-hundred day simple moving average is $67.74. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.96. The stock has a market cap of $49.50 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 1.91 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.06. The company had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.53 billion. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. As a group, analysts expect that Johnson Controls International plc will post 3.67 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, September 25th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a yield of 2.00%. Johnson Controls International’s dividend payout ratio (DPR) is currently 59.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on JCI shares. Oppenheimer lifted their target price on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. The Goldman Sachs Group boosted their price objective on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Wells Fargo & Company raised their target price on shares of Johnson Controls International from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Morgan Stanley assumed coverage on shares of Johnson Controls International in a report on Friday, September 6th. They set an “overweight” rating and a $85.00 price target for the company. Finally, Robert W. Baird raised their price target on shares of Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $70.21.

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.