CI Investments Inc. Raises Holdings in Johnson Controls International plc (NYSE:JCI)

CI Investments Inc. grew its position in Johnson Controls International plc (NYSE:JCI – Get Rating) by 108.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,937 shares of the company’s stock after buying an additional 1,009 shares during the quarter. CI Investments Inc.’s holdings in Johnson Controls International were worth $124,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Canton Hathaway LLC purchased a new stake in shares of Johnson Controls International in the 4th quarter worth $26,000. Elequin Securities LLC purchased a new stake in shares of Johnson Controls International in the 4th quarter worth $33,000. Salem Investment Counselors Inc. lifted its holdings in shares of Johnson Controls International by 152.4% in the 1st quarter. Salem Investment Counselors Inc. now owns 588 shares of the company’s stock worth $39,000 after buying an additional 355 shares during the period. High Net Worth Advisory Group LLC bought a new position in shares of Johnson Controls International in the 1st quarter worth $46,000. Finally, U.S. Capital Wealth Advisors LLC bought a new position in shares of Johnson Controls International in the 4th quarter worth $52,000. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on JCI. Deutsche Bank Aktiengesellschaft reduced their price target on Johnson Controls International from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, April 12th. Wells Fargo & Company reduced their price target on Johnson Controls International from $69.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, April 13th. StockNews.com began coverage on Johnson Controls International in a research report on Thursday, May 18th. They issued a “buy” rating for the company. Barclays reduced their price target on Johnson Controls International from $73.00 to $70.00 and set an “equal weight” rating for the company in a research report on Thursday, April 6th. Finally, JPMorgan Chase & Co. upped their target price on Johnson Controls International from $70.00 to $72.00 in a research report on Monday, May 8th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.31.

Johnson Controls International Stock Down 2.0 %

Johnson Controls International stock opened at $60.75 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.78 and a current ratio of 1.03. The business’s 50-day simple moving average is $59.46 and its two-hundred day simple moving average is $63.33. The company has a market cap of $41.68 billion, a PE ratio of 30.22, a PEG ratio of 1.28 and a beta of 1.22. Johnson Controls International plc has a fifty-two week low of $45.52 and a fifty-two week high of $69.60.

Johnson Controls International (NYSE:JCI – Get Rating) last posted its quarterly earnings results on Friday, May 5th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.02. The business had revenue of $6.69 billion for the quarter, compared to the consensus estimate of $6.51 billion. Johnson Controls International had a return on equity of 13.07% and a net margin of 5.33%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.63 EPS. Equities analysts anticipate that Johnson Controls International plc will post 3.57 EPS for the current year.

Johnson Controls International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Monday, March 20th were paid a $0.36 dividend. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, March 17th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.37%. Johnson Controls International’s dividend payout ratio is presently 71.64%.

Insider Transactions at Johnson Controls International

In other news, CFO Olivier Leonetti sold 30,997 shares of the company’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $62.36, for a total value of $1,932,972.92. Following the sale, the chief financial officer now owns 101,757 shares in the company, valued at $6,345,566.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Johnson Controls International news, VP John Donofrio sold 14,253 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $63.02, for a total transaction of $898,224.06. Following the transaction, the vice president now owns 37,090 shares in the company, valued at $2,337,411.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Olivier Leonetti sold 30,997 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $62.36, for a total value of $1,932,972.92. Following the transaction, the chief financial officer now owns 101,757 shares in the company, valued at approximately $6,345,566.52. The disclosure for this sale can be found here. Company insiders own 0.71% of the company’s stock.

About Johnson Controls International

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Johnson Controls International Plc engages in the provision of building products, energy solutions, integrated infrastructure and next generation transportation systems. Its technology and service capabilities include fire, security, HVAC, power solutions and energy storage to serve various end markets including large institutions, commercial buildings, retail, industrial, small business and residential.