JPMorgan Chase & Co. Raises Stake in Johnson Controls International plc (NYSE:JCI)

JPMorgan Chase & Co. lifted its holdings in Johnson Controls International plc (NYSE:JCI) by 2.3% in the fourth quarter, HoldingsChannel reports. The fund owned 2,834,721 shares of the company’s stock after buying an additional 63,762 shares during the period. JPMorgan Chase & Co.’s holdings in Johnson Controls International were worth $223,745,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on JCI. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research note on Friday, December 20th. Melius Research reiterated a “hold” rating and issued a $95.00 price objective on shares of Johnson Controls International in a research report on Tuesday, January 28th. Royal Bank of Canada upped their target price on Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. UBS Group upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and lifted their price target for the company from $90.00 to $103.00 in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. 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 an average rating of “Moderate Buy” and a consensus price target of $91.27.

Insider Buying and Selling at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,421 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the completion of the sale, the vice president now owns 148,346 shares of the company’s stock, valued at $11,339,568.24. The trade was a 0.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO George Oliver sold 162,894 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $89.28, for a total value of $14,543,176.32. Following the completion of the transaction, the chief executive officer now directly owns 1,203,893 shares in the company, valued at approximately $107,483,567.04. This represents a 11.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 905,864 shares of company stock valued at $77,824,710. Insiders own 0.54% of the company’s stock.

Johnson Controls International Price Performance

NYSE JCI opened at $80.17 on Tuesday. The stock has a market capitalization of $52.92 billion, a price-to-earnings ratio of 30.60, a PEG 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. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The business’s fifty day moving average price is $82.93 and its 200-day moving average price is $80.71.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates 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, equities analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 annualized dividend and a yield of 1.85%. Johnson Controls International’s dividend payout ratio (DPR) is 56.49%.

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.