Johnson Controls International plc (NYSE:JCI) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 122,039 shares of the company's stock after buying an additional 4,711 shares during the quarter. CIBC Asset Management Inc's holdings in Johnson Controls International were worth $9,633,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Compass Financial Services Inc purchased a new stake in shares of Johnson Controls International during the 4th quarter valued at about $26,000. Fortitude Family Office LLC increased its position in shares of Johnson Controls International by 195.8% during the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company's stock valued at $33,000 after purchasing an additional 278 shares during the last quarter. Synergy Asset Management LLC purchased a new stake in shares of Johnson Controls International during the 4th quarter valued at about $42,000. ST Germain D J Co. Inc. increased its position in shares of Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company's stock valued at $43,000 after purchasing an additional 134 shares during the last quarter. Finally, Western Pacific Wealth Management LP purchased a new stake in shares of Johnson Controls International during the 3rd quarter valued at about $44,000. Hedge funds and other institutional investors own 90.05% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Argus raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 target price for the company in a report on Friday, December 20th. JPMorgan Chase & Co. increased their target price on Johnson Controls International from $87.00 to $100.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Oppenheimer increased their target price on Johnson Controls International from $86.00 to $87.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Citigroup lowered their target price on 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. Finally, Royal Bank of Canada increased their target price on Johnson Controls International from $86.00 to $93.00 and gave the stock 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 given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $91.13.

Insiders Place Their Bets

In other news, CEO George Oliver sold 124,497 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $82.67, for a total value of $10,292,166.99. Following the completion of the sale, the chief executive officer now directly owns 1,267,716 shares in the company, valued at $104,802,081.72. The trade was a 8.94 % decrease in their ownership of the stock. The transaction 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 business'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 completion of the sale, the vice president now owns 24,803 shares of the company's stock, valued at $2,175,967.19. This trade represents a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 719,004 shares of company stock valued at $62,950,067. 0.54% of the stock is currently owned by corporate insiders.

Johnson Controls International Stock Down 4.1 %

JCI stock traded down $3.60 during trading on Friday, reaching $85.23. 4,748,476 shares of the company traded hands, compared to its average volume of 4,509,988. Johnson Controls International plc has a 12 month low of $57.78 and a 12 month high of $91.14. The business has a 50 day simple moving average of $82.01 and a 200 day simple moving average of $78.25. The company has a market capitalization of $56.26 billion, a price-to-earnings ratio of 32.53, a price-to-earnings-growth ratio of 1.99 and a beta of 1.32. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share 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%. On average, equities research analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.74%. The ex-dividend date was Monday, December 23rd. Johnson Controls International's dividend payout ratio is presently 56.49%.

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.