JPMorgan Chase & Co. Grows Holdings in Johnson Controls International plc (NYSE:JCI)

JPMorgan Chase & Co. lifted its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,834,721 shares of the company's stock after acquiring an additional 63,762 shares during the period. JPMorgan Chase & Co. owned approximately 0.43% of Johnson Controls International worth $223,745,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Compass Financial Services Inc purchased a new position in Johnson Controls International during the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. bought a new position in shares of Johnson Controls International in the fourth quarter valued at approximately $29,000. Crowley Wealth Management Inc. purchased a new position in Johnson Controls International during the fourth quarter valued at approximately $42,000. Synergy Asset Management LLC bought a new stake in Johnson Controls International during the 4th quarter worth approximately $42,000. Finally, ST Germain D J Co. Inc. lifted its stake in Johnson Controls International by 32.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company's stock worth $43,000 after purchasing an additional 134 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Trading Down 6.8 %

JCI stock traded down $5.66 during trading on Thursday, hitting $77.20. 5,782,522 shares of the company traded hands, compared to its average volume of 4,620,950. 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 company has a 50-day moving average of $82.92 and a 200-day moving average of $80.78. The firm has a market capitalization of $50.96 billion, a PE ratio of 29.47, a P/E/G ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a 1 year low of $59.83 and a 1 year high of $91.14.

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Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. Analysts predict 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 will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a yield of 1.92%. Johnson Controls International's dividend payout ratio is presently 56.49%.

Insider Buying and Selling at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $79.72, for a total value of $113,361.84. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO George Oliver sold 162,894 shares of Johnson Controls International stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $89.28, for a total transaction of $14,543,176.32. Following the sale, the chief executive officer now directly owns 1,203,893 shares in the company, 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 907,286 shares of company stock valued at $77,938,071 in the last 90 days. Insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

JCI has been the topic of several research analyst reports. Citigroup decreased their price target on shares of Johnson Controls International from $85.00 to $84.00 and set a "neutral" rating on the stock in a report on Monday, January 13th. Melius Research reaffirmed a "hold" rating and issued a $95.00 price target on shares of Johnson Controls International in a report on Tuesday, January 28th. Morgan Stanley lifted their price target on Johnson Controls International from $95.00 to $105.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. UBS Group upgraded shares of Johnson Controls International from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $90.00 to $103.00 in a research report on Monday, February 10th. Finally, Barclays dropped their target price on shares of Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating for the company in a research report on Monday, March 10th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.27.

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.