Johnson Controls International plc (NYSE:JCI) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC lifted its holdings in Johnson Controls International plc (NYSE:JCI) by 9.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 773,248 shares of the company’s stock after purchasing an additional 69,708 shares during the quarter. HighTower Advisors LLC’s holdings in Johnson Controls International were worth $61,032,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Moors & Cabot Inc. boosted its position in shares of Johnson Controls International by 3.4% in the 4th quarter. Moors & Cabot Inc. now owns 13,508 shares of the company’s stock worth $1,066,000 after purchasing an additional 447 shares in the last quarter. Wealthfront Advisers LLC boosted its position in shares of Johnson Controls International by 27.7% in the 4th quarter. Wealthfront Advisers LLC now owns 20,723 shares of the company’s stock worth $1,636,000 after purchasing an additional 4,496 shares in the last quarter. Gables Capital Management Inc. lifted its position in Johnson Controls International by 132.0% during the 4th quarter. Gables Capital Management Inc. now owns 580 shares of the company’s stock worth $46,000 after acquiring an additional 330 shares during the period. Miller Financial Services LLC acquired a new stake in Johnson Controls International during the 4th quarter worth about $548,000. Finally, Citizens Financial Group Inc. RI lifted its position in Johnson Controls International by 11.9% during the 4th quarter. Citizens Financial Group Inc. RI now owns 3,150 shares of the company’s stock worth $249,000 after acquiring an additional 336 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Price Performance

Shares of Johnson Controls International stock opened at $77.33 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a twelve month low of $59.83 and a twelve month high of $91.14. The business has a 50-day moving average price of $82.41 and a 200 day moving average price of $79.61. The firm has a market cap of $51.05 billion, a PE ratio of 29.52, a P/E/G ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last announced its quarterly 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%. Sell-side 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 paid a $0.37 dividend. The ex-dividend date is Monday, March 24th. This represents a $1.48 annualized dividend and a dividend yield of 1.91%. Johnson Controls International’s dividend payout ratio is presently 56.49%.

Insider Activity at Johnson Controls International

In related news, 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 directly owns 148,346 shares in the company, valued at approximately $11,339,568.24. The trade was a 0.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Daniel C. Mcconeghy sold 1,950 shares of Johnson Controls International stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $87.73, for a total value of $171,073.50. Following the completion of the sale, the vice president now owns 24,803 shares in the company, valued at approximately $2,175,967.19. The trade was a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 706,050 shares of company stock worth $61,972,667 in the last 90 days. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research report on Friday, December 20th. Morgan Stanley lifted their price target on Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Wells Fargo & Company lifted their price target on Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Royal Bank of Canada lifted 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 research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $91.27.

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.