Nomura Asset Management Co. Ltd. Acquires 72,698 Shares of Johnson Controls International PLC (NYSE:JCI)

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Nomura Asset Management Co. Ltd. grew its holdings in Johnson Controls International PLC (NYSE:JCI) by 17.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 478,957 shares of the company’s stock after buying an additional 72,698 shares during the period. Nomura Asset Management Co. Ltd. owned 0.05% of Johnson Controls International worth $17,692,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Scotia Capital Inc. increased its position in Johnson Controls International by 4.5% in the 4th quarter. Scotia Capital Inc. now owns 6,771 shares of the company’s stock valued at $201,000 after buying an additional 294 shares in the last quarter. Moody National Bank Trust Division increased its stake in Johnson Controls International by 34.7% in the first quarter. Moody National Bank Trust Division now owns 1,142 shares of the company’s stock valued at $42,000 after acquiring an additional 294 shares during the last quarter. HCR Wealth Advisors boosted its position in Johnson Controls International by 1.7% during the fourth quarter. HCR Wealth Advisors now owns 17,984 shares of the company’s stock valued at $533,000 after buying an additional 300 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in Johnson Controls International by 4.4% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 7,251 shares of the company’s stock valued at $215,000 after buying an additional 306 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its position in Johnson Controls International by 26.3% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,600 shares of the company’s stock valued at $47,000 after buying an additional 333 shares during the period. Hedge funds and other institutional investors own 91.05% of the company’s stock.

In other news, CEO George Oliver sold 11,481 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $38.90, for a total value of $446,610.90. Following the sale, the chief executive officer now owns 870,354 shares in the company, valued at $33,856,770.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Rodney M. Rushing sold 29,728 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $39.03, for a total transaction of $1,160,283.84. The disclosure for this sale can be found here. Insiders have sold a total of 186,865 shares of company stock worth $7,308,261 in the last 90 days. 0.50% of the stock is currently owned by company insiders.

Several analysts have issued reports on JCI shares. TheStreet upgraded shares of Johnson Controls International from a “c+” rating to a “b-” rating in a research report on Thursday, May 9th. Zacks Investment Research upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Monday, May 20th. Citigroup began coverage on shares of Johnson Controls International in a research note on Wednesday, June 5th. They set a “buy” rating and a $45.00 target price for the company. Cowen reissued a “hold” rating and set a $32.00 price target (down previously from $38.00) on shares of Johnson Controls International in a research report on Friday, February 15th. Finally, Credit Suisse Group initiated coverage on shares of Johnson Controls International in a report on Monday, May 13th. They issued a “neutral” rating and a $42.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $39.64.

Shares of NYSE:JCI opened at $38.87 on Wednesday. The stock has a market cap of $35.12 billion, a P/E ratio of 13.73, a PEG ratio of 2.10 and a beta of 0.93. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.80 and a current ratio of 0.95. Johnson Controls International PLC has a 12 month low of $28.30 and a 12 month high of $40.33.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. The firm had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.79 billion. Johnson Controls International had a net margin of 8.52% and a return on equity of 9.85%. Johnson Controls International’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 EPS. On average, equities analysts forecast that Johnson Controls International PLC will post 1.93 EPS for the current year.

Johnson Controls International announced that its Board of Directors has initiated a share buyback program on Thursday, March 7th that permits the company to buyback $8.50 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 26% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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Johnson Controls International Company Profile

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.

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

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