Stonebridge Financial Group LLC Acquires New Position in Johnson Controls International plc (NYSE:JCI)

Stonebridge Financial Group LLC acquired a new stake in shares of Johnson Controls International plc (NYSE:JCI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 625 shares of the company’s stock, valued at approximately $49,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp raised its position in shares of Johnson Controls International by 1.1% in the third quarter. State Street Corp now owns 27,939,766 shares of the company’s stock valued at $2,178,595,000 after purchasing an additional 300,712 shares during the period. Fisher Asset Management LLC grew its stake in Johnson Controls International by 3.4% in the 3rd quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company’s stock valued at $1,187,084,000 after buying an additional 509,293 shares in the last quarter. Geode Capital Management LLC raised its holdings in Johnson Controls International by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock valued at $1,041,822,000 after acquiring an additional 71,493 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Johnson Controls International by 514.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock worth $418,439,000 after acquiring an additional 4,514,792 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of Johnson Controls International by 5.6% in the third quarter. Raymond James & Associates now owns 4,735,147 shares of the company’s stock worth $367,495,000 after acquiring an additional 249,405 shares during the period. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Trading Down 0.6 %

Shares of JCI stock opened at $88.52 on Friday. The business has a 50-day moving average price of $81.29 and a two-hundred day moving average price of $77.47. Johnson Controls International plc has a 12-month low of $55.07 and a 12-month high of $89.95. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The firm has a market cap of $58.44 billion, a P/E ratio of 33.79, a price-to-earnings-growth ratio of 2.48 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping 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%. Equities analysts anticipate that Johnson Controls International plc will post 3.52 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s dividend payout ratio is currently 56.49%.

Insider Buying and Selling

In related news, CEO George Oliver sold 205,168 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $89.07, for a total transaction of $18,274,313.76. Following the completion of the sale, the chief executive officer now directly owns 1,260,527 shares in the company, valued at $112,275,139.89. This represents a 14.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the transaction, the vice president now directly owns 148,346 shares in the company, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 950,878 shares of company stock worth $81,229,286 in the last 90 days. 0.54% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on JCI shares. Royal Bank of Canada boosted their price objective on Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Morgan Stanley increased their price target on shares of Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Robert W. Baird boosted their price objective on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Melius Research reaffirmed a “hold” rating and set a $95.00 target price on shares of Johnson Controls International in a report on Tuesday, January 28th. Finally, Oppenheimer raised their price target on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.13.

Johnson Controls International 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.