Canada Pension Plan Investment Board Boosts Position in Johnson Controls International plc (NYSE:JCI)

Canada Pension Plan Investment Board boosted its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 26.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 447,162 shares of the company's stock after purchasing an additional 94,262 shares during the period. Canada Pension Plan Investment Board owned approximately 0.07% of Johnson Controls International worth $35,294,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Barclays PLC boosted its position in shares of Johnson Controls International by 6.7% during the third 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 during the period. World Investment Advisors LLC purchased a new stake in Johnson Controls International during the third quarter worth about $5,361,000. Sfmg LLC acquired a new stake in shares of Johnson Controls International during the third quarter worth about $210,000. Wilmington Savings Fund Society FSB grew its holdings in shares of Johnson Controls International by 27.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 223,989 shares of the company's stock valued at $17,384,000 after purchasing an additional 48,416 shares in the last quarter. Finally, Peapack Gladstone Financial Corp increased its stake in Johnson Controls International by 8.6% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 9,669 shares of the company's stock worth $751,000 after buying an additional 763 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Stock Performance

Shares of NYSE JCI traded up $2.04 during midday trading on Thursday, reaching $80.32. 732,263 shares of the company were exchanged, compared to its average volume of 4,653,435. The stock has a market cap of $53.02 billion, a P/E ratio of 30.65, a PEG ratio of 1.96 and a beta of 1.22. Johnson Controls International plc has a 1 year low of $59.83 and a 1 year high of $91.14. The stock has a fifty day simple moving average of $80.52 and a 200 day simple moving average of $80.79. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50.

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

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were given a $0.37 dividend. The ex-dividend date was Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a yield of 1.84%. Johnson Controls International's payout ratio is currently 56.49%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on JCI. Morgan Stanley increased their price objective on Johnson Controls International from $95.00 to $105.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Melius cut Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price objective for the company. in a research note on Tuesday, January 28th. Royal Bank of Canada upped their target price on shares of 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. 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, JPMorgan Chase & Co. lowered their price target on shares of Johnson Controls International from $100.00 to $81.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $90.07.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,421 shares of the company's stock in a transaction 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 sale, the vice president now owns 148,346 shares of the company's stock, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $18,060,939.04. Following the transaction, the chief executive officer now directly owns 1,260,527 shares of the company's stock, valued at $110,964,191.81. This trade represents a 14.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 907,286 shares of company stock worth $77,938,071 over the last three months. 0.54% of the stock is currently owned by corporate insiders.

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.