Tribune Investment Group LP Invests $9.87 Million in Johnson Controls International plc (NYSE:JCI)

Tribune Investment Group LP acquired a new position in Johnson Controls International plc (NYSE:JCI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 125,000 shares of the company's stock, valued at approximately $9,866,000. Johnson Controls International accounts for approximately 5.5% of Tribune Investment Group LP's portfolio, making the stock its 6th biggest position.

Other institutional investors also recently modified their holdings of the company. Barclays PLC raised its holdings in shares of Johnson Controls International by 6.7% in the 3rd quarter. Barclays PLC now owns 1,685,322 shares of the company's stock worth $130,797,000 after buying an additional 105,194 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of Johnson Controls International in the third quarter valued at approximately $5,361,000. Sfmg LLC bought a new stake in Johnson Controls International during the 3rd quarter worth approximately $210,000. Wilmington Savings Fund Society FSB lifted its position in Johnson Controls International by 27.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 223,989 shares of the company's stock worth $17,384,000 after buying an additional 48,416 shares in the last quarter. Finally, Peapack Gladstone Financial Corp increased its holdings in shares of Johnson Controls International by 8.6% in the third quarter. Peapack Gladstone Financial Corp now owns 9,669 shares of the company's stock valued at $751,000 after purchasing an additional 763 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on JCI shares. Melius lowered shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 target price on the stock. in a research note on Tuesday, January 28th. Citigroup dropped their price objective on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. lowered their price target on Johnson Controls International from $100.00 to $81.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Morgan Stanley upped their price objective on Johnson Controls International from $95.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada raised their target price on shares of Johnson Controls International from $86.00 to $93.00 and gave the company a "sector perform" rating in a research note on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Johnson Controls International has an average rating of "Moderate Buy" and an average price target of $90.07.

Johnson Controls International Stock Performance

NYSE JCI traded up $0.11 on Friday, reaching $76.77. The stock had a trading volume of 4,893,466 shares, compared to its average volume of 4,472,177. The firm has a fifty day moving average of $81.28 and a two-hundred day moving average of $80.78. Johnson Controls International plc has a 1-year low of $59.83 and a 1-year high of $91.14. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The company has a market cap of $50.68 billion, a P/E ratio of 29.30, a price-to-earnings-growth ratio of 1.96 and a beta of 1.22.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. On average, equities research analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Monday, March 24th. Johnson Controls International's dividend payout ratio (DPR) is presently 56.49%.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,421 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the sale, the vice president now owns 148,346 shares in the company, valued at approximately $11,339,568.24. The trade was a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO George Oliver sold 205,168 shares of Johnson Controls International stock in a transaction on Friday, February 7th. The stock was sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the completion of the transaction, the chief executive officer now directly owns 1,260,527 shares in the company, valued at approximately $110,964,191.81. The trade was a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 907,286 shares of company stock worth $77,938,071. 0.54% of the stock is currently owned by insiders.

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.