NewEdge Advisors LLC Raises Stake in Johnson Controls International plc (NYSE:JCI)

NewEdge Advisors LLC grew its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 15.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 126,776 shares of the company's stock after acquiring an additional 17,370 shares during the quarter. NewEdge Advisors LLC's holdings in Johnson Controls International were worth $10,006,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Compass Financial Services Inc acquired a new stake in Johnson Controls International during the fourth quarter worth about $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Johnson Controls International during the 4th quarter worth approximately $29,000. Synergy Asset Management LLC purchased a new stake in shares of Johnson Controls International during the 4th quarter valued at approximately $42,000. Crowley Wealth Management Inc. purchased a new stake in shares of Johnson Controls International during the 4th quarter valued at approximately $42,000. Finally, ST Germain D J Co. Inc. grew its position in Johnson Controls International by 32.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company's stock worth $43,000 after acquiring an additional 134 shares during the period. Hedge funds and other institutional investors own 90.05% of the company's stock.

Wall Street Analysts Forecast Growth

JCI has been the topic of several recent analyst reports. Argus raised Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 price target on the stock in a research note on Friday, December 20th. Melius Research reaffirmed a "hold" rating and set a $95.00 target price on shares of Johnson Controls International in a research note on Tuesday, January 28th. JPMorgan Chase & Co. decreased their price objective on shares of Johnson Controls International from $100.00 to $81.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. UBS Group upgraded shares of Johnson Controls International from a "neutral" rating to a "buy" rating and lifted their target price for the company from $90.00 to $103.00 in a report on Monday, February 10th. Finally, Royal Bank of Canada raised their price target on Johnson Controls International from $86.00 to $93.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $90.07.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, Director George Oliver sold 15,669 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $77.49, for a total value of $1,214,190.81. Following the completion of the transaction, the director now owns 1,003,893 shares in the company, valued at $77,791,668.57. This represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction dated 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 in the company, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 907,286 shares of company stock worth $77,938,071 over the last three months. Insiders own 0.54% of the company's stock.

Johnson Controls International Trading Up 0.1 %

NYSE JCI opened at $76.77 on Friday. Johnson Controls International plc has a 52 week low of $59.83 and a 52 week high of $91.14. The firm has a 50 day moving average of $81.53 and a two-hundred day moving average of $80.78. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $50.68 billion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 1.96 and a beta of 1.22.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. As a group, research analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Monday, March 24th. Johnson Controls International's dividend payout ratio (DPR) is 56.49%.

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.

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