Johnson Controls International plc (NYSE:JCI) Holdings Raised by CIBC Asset Management Inc

CIBC Asset Management Inc increased its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 6.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 117,328 shares of the company's stock after buying an additional 7,433 shares during the quarter. CIBC Asset Management Inc's holdings in Johnson Controls International were worth $9,106,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Fortitude Family Office LLC lifted its position in shares of Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company's stock worth $33,000 after purchasing an additional 278 shares in the last quarter. Continuum Advisory LLC increased its stake in Johnson Controls International by 65.2% during the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company's stock worth $35,000 after buying an additional 208 shares during the period. Wolff Wiese Magana LLC lifted its holdings in Johnson Controls International by 977.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company's stock worth $37,000 after buying an additional 430 shares in the last quarter. Western Pacific Wealth Management LP purchased a new position in Johnson Controls International in the 3rd quarter valued at about $44,000. Finally, Hexagon Capital Partners LLC grew its stake in shares of Johnson Controls International by 39.7% during the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company's stock valued at $47,000 after acquiring an additional 202 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Stock Performance

Shares of JCI traded down $0.74 during trading hours on Friday, reaching $84.40. 3,143,791 shares of the company's stock traded hands, compared to its average volume of 3,951,462. The firm has a market capitalization of $56.38 billion, a price-to-earnings ratio of 33.23, a P/E/G ratio of 2.36 and a beta of 1.29. The business's fifty day simple moving average is $76.84 and its two-hundred day simple moving average is $71.69. Johnson Controls International plc has a twelve month low of $51.40 and a twelve month high of $87.16. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were given a dividend of $0.37 per share. The ex-dividend date was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.75%. Johnson Controls International's dividend payout ratio (DPR) is 58.27%.

Analysts Set New Price Targets

JCI has been the subject of a number of analyst reports. Mizuho raised their price objective on Johnson Controls International from $62.00 to $75.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Bank of America raised their price target on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. StockNews.com lowered shares of Johnson Controls International from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. Robert W. Baird upped their price objective on Johnson Controls International from $80.00 to $85.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada lifted their target price on Johnson Controls International from $81.00 to $86.00 and gave the stock a "sector perform" rating in a research report on Thursday, November 7th. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Johnson Controls International currently has an average rating of "Hold" and an average target price of $77.21.

Insider Transactions at Johnson Controls International

In other news, CEO George Oliver sold 110,615 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at $90,383,385.17. This represents a 8.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the transaction, the chief operating officer now directly owns 140,488 shares in the company, valued at approximately $10,828,815.04. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 226,141 shares of company stock valued at $16,904,519. Company insiders own 0.69% of the company's stock.

About Johnson Controls International

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.