CIBC Private Wealth Group LLC Boosts Stock Position in Johnson Controls International plc (NYSE:JCI)

CIBC Private Wealth Group LLC increased its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 18.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,226 shares of the company's stock after acquiring an additional 11,147 shares during the quarter. CIBC Private Wealth Group LLC's holdings in Johnson Controls International were worth $5,861,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Gilbert & Cook Inc. grew its holdings in shares of Johnson Controls International by 2.0% during the fourth quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company's stock worth $510,000 after purchasing an additional 127 shares during the last quarter. Jackson Hole Capital Partners LLC grew its stake in Johnson Controls International by 0.7% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company's stock worth $1,470,000 after buying an additional 127 shares during the last quarter. Graypoint LLC grew its stake in Johnson Controls International by 4.1% during the 4th quarter. Graypoint LLC now owns 3,277 shares of the company's stock worth $259,000 after buying an additional 130 shares during the last quarter. ST Germain D J Co. Inc. increased its position in Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company's stock worth $43,000 after buying an additional 134 shares during the period. Finally, Brooklyn Investment Group lifted its stake in Johnson Controls International by 3.1% in the fourth quarter. Brooklyn Investment Group now owns 4,444 shares of the company's stock valued at $351,000 after buying an additional 135 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on JCI shares. JPMorgan Chase & Co. lifted their target price on shares of Johnson Controls International from $87.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Barclays dropped their price objective on shares of Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Monday, March 10th. UBS Group upgraded shares of Johnson Controls International from a "neutral" rating to a "buy" rating and increased their target price for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. Melius downgraded 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. Finally, Citigroup dropped their target price on Johnson Controls International from $85.00 to $84.00 and set a "neutral" rating on the stock in a report on Monday, January 13th. 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, the stock has an average rating of "Moderate Buy" and a consensus target price of $91.27.

Johnson Controls International Price Performance

JCI stock traded down $5.66 during trading on Thursday, reaching $77.20. 5,782,522 shares of the company were exchanged, compared to its average volume of 4,409,369. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The stock's 50 day moving average price is $82.83 and its 200 day moving average price is $80.76. Johnson Controls International plc has a 52-week low of $59.83 and a 52-week high of $91.14. The company has a market cap of $50.96 billion, a P/E ratio of 29.47, a PEG ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly 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%. As a group, analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Monday, March 24th. Johnson Controls International's dividend payout ratio is currently 56.49%.

Insider Transactions at Johnson Controls International

In other news, VP Daniel C. Mcconeghy sold 1,950 shares of the 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 sale, the vice president now directly owns 24,803 shares in the company, valued at $2,175,967.19. This represents a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total transaction of $113,361.84. Following the transaction, the vice president now directly owns 145,502 shares of the company's stock, valued at approximately $11,599,419.44. This trade represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 907,286 shares of company stock valued at $77,938,071 in the last 90 days. 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.