Interval Partners LP Has $44.98 Million Stock Position in Johnson Controls International plc (NYSE:JCI)

Interval Partners LP lifted its stake in Johnson Controls International plc (NYSE:JCI) by 601.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 676,676 shares of the company’s stock after buying an additional 580,212 shares during the period. Johnson Controls International comprises approximately 1.0% of Interval Partners LP’s holdings, making the stock its 18th largest holding. Interval Partners LP owned approximately 0.10% of Johnson Controls International worth $44,979,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of JCI. Evergreen Capital Management LLC lifted its holdings in shares of Johnson Controls International by 12.7% during the second quarter. Evergreen Capital Management LLC now owns 6,885 shares of the company’s stock valued at $460,000 after acquiring an additional 775 shares during the period. Public Sector Pension Investment Board increased its position in shares of Johnson Controls International by 65.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 24,821 shares of the company’s stock worth $1,650,000 after purchasing an additional 9,784 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Johnson Controls International by 65.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,615 shares of the company’s stock valued at $116,000 after purchasing an additional 638 shares during the last quarter. Fairscale Capital LLC acquired a new position in Johnson Controls International in the second quarter valued at about $130,000. Finally, Frank Rimerman Advisors LLC grew its stake in Johnson Controls International by 12,448.9% during the second quarter. Frank Rimerman Advisors LLC now owns 5,898 shares of the company’s stock worth $392,000 after buying an additional 5,851 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the transaction, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the transaction, the chief executive officer now owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total value of $84,899.25. Following the sale, the chief operating officer now directly owns 143,488 shares of the company’s stock, valued at $10,438,752. The disclosure for this sale can be found here. Insiders sold a total of 115,046 shares of company stock worth $8,347,562 in the last quarter. Corporate insiders own 0.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Morgan Stanley assumed coverage on shares of Johnson Controls International in a research note on Friday, September 6th. They issued an “overweight” rating and a $85.00 target price for the company. Wells Fargo & Company raised their target price on Johnson Controls International from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Oppenheimer upped their price target 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. Bank of America upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and raised their price objective for the company from $76.00 to $80.00 in a research report on Tuesday, September 10th. Finally, The Goldman Sachs Group upped their target price on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $70.21.

Johnson Controls International Trading Down 0.2 %

NYSE JCI opened at $74.10 on Monday. Johnson Controls International plc has a 12 month low of $47.90 and a 12 month high of $75.36. The stock has a 50-day simple moving average of $69.95 and a 200 day simple moving average of $67.84. 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 company has a market capitalization of $49.92 billion, a PE ratio of 30.00, a P/E/G ratio of 1.91 and a beta of 1.29.

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

Johnson Controls International Announces Dividend

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

Johnson Controls International 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.