Johnson Controls International plc (NYSE:JCI) Shares Purchased by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC raised its holdings in Johnson Controls International plc (NYSE:JCI) by 18.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,226 shares of the company’s stock after buying an additional 11,147 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Johnson Controls International were worth $5,861,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Johnson Controls International by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 68,156,110 shares of the company’s stock valued at $5,379,562,000 after purchasing an additional 179,743 shares during the period. State Street Corp grew its stake in shares of Johnson Controls International by 1.1% during the 3rd quarter. State Street Corp now owns 27,939,766 shares of the company’s stock valued at $2,178,595,000 after buying an additional 300,712 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Johnson Controls International by 2.9% during the 4th quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company’s stock worth $1,242,597,000 after buying an additional 447,513 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Johnson Controls International by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock worth $1,041,822,000 after buying an additional 71,493 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Johnson Controls International in the fourth quarter valued at $568,309,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Trading Up 1.5 %

NYSE:JCI opened at $81.34 on Wednesday. The stock has a market cap of $53.69 billion, a price-to-earnings ratio of 31.04, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a one year low of $59.83 and a one year high of $91.14. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The business’s 50-day simple moving average is $82.91 and its 200 day simple moving average is $80.77.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. As a group, sell-side analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.82%. The ex-dividend date is Monday, March 24th. Johnson Controls International’s dividend payout ratio is currently 56.49%.

Insider Transactions at Johnson Controls International

In related news, VP Nathan D. Manning sold 1,422 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total value of $113,361.84. Following the completion of the sale, the vice president now directly owns 145,502 shares of the company’s stock, valued at $11,599,419.44. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total value of $171,073.50. Following the sale, the vice president now owns 24,803 shares in the company, valued at $2,175,967.19. The trade was a 7.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 907,286 shares of company stock valued at $77,938,071. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

JCI has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Friday, December 20th. Citigroup dropped their price objective on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Barclays reduced their target price on shares of Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating on the stock in a report on Monday, March 10th. Finally, Melius Research reiterated a “hold” rating and issued a $95.00 price target on shares of Johnson Controls International in a report on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $91.27.

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.