Bank Pictet & Cie Europe AG Acquires 35,655 Shares of Johnson Controls International plc (NYSE:JCI)

Bank Pictet & Cie Europe AG raised its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 67.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,569 shares of the company's stock after acquiring an additional 35,655 shares during the quarter. Bank Pictet & Cie Europe AG's holdings in Johnson Controls International were worth $6,991,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of JCI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Johnson Controls International by 514.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company's stock valued at $418,439,000 after purchasing an additional 4,514,792 shares during the last quarter. Fisher Asset Management LLC raised its position in Johnson Controls International by 3.4% in the third quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company's stock worth $1,187,084,000 after acquiring an additional 509,293 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Johnson Controls International during the fourth quarter worth approximately $32,609,000. Worldquant Millennium Advisors LLC purchased a new stake in shares of Johnson Controls International during the third quarter valued at $25,065,000. Finally, State Street Corp increased its position in shares of Johnson Controls International by 1.1% in the third quarter. State Street Corp now owns 27,939,766 shares of the company's stock worth $2,178,595,000 after acquiring an additional 300,712 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Transactions at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 1,950 shares of Johnson Controls International stock in a transaction 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 transaction, the vice president now directly owns 24,803 shares of the company's stock, valued at $2,175,967.19. The trade was a 7.29 % 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, CEO George Oliver sold 162,894 shares of the company's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $89.28, for a total value of $14,543,176.32. Following the transaction, the chief executive officer now directly owns 1,203,893 shares of the company's stock, valued at $107,483,567.04. The trade was a 11.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 889,434 shares of company stock valued at $77,215,058 over the last three months. Company insiders own 0.54% of the company's stock.

Johnson Controls International Trading Down 0.3 %

NYSE JCI traded down $0.25 on Wednesday, reaching $90.36. The company had a trading volume of 2,118,492 shares, compared to its average volume of 4,529,750. Johnson Controls International plc has a fifty-two week low of $56.28 and a fifty-two week 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 firm has a market cap of $59.65 billion, a price-to-earnings ratio of 34.49, a P/E/G ratio of 1.98 and a beta of 1.32. The business has a 50 day moving average of $81.78 and a two-hundred day moving average of $78.09.

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, beating 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%. Analysts forecast 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 Friday, January 17th. Investors of record on Monday, December 23rd were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International's payout ratio is currently 56.49%.

Analysts Set New Price Targets

Several analysts recently commented on JCI shares. Wells Fargo & Company raised their price target on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Melius lowered shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price target on the stock. in a research report on Tuesday, January 28th. UBS Group raised Johnson Controls International from a "neutral" rating to a "buy" rating and raised their target price for the company from $90.00 to $103.00 in a report on Monday, February 10th. Royal Bank of Canada increased 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. Finally, Argus upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 price objective for the company in a research note on Friday, December 20th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Johnson Controls International presently has a consensus rating of "Moderate Buy" and an average target price of $91.13.

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.