Gilbert & Cook Inc. Increases Stock Position in Johnson Controls International plc (NYSE:JCI)

Gilbert & Cook Inc. grew its position in Johnson Controls International plc (NYSE:JCIFree Report) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,115 shares of the company’s stock after purchasing an additional 334 shares during the period. Gilbert & Cook Inc.’s holdings in Johnson Controls International were worth $410,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in JCI. Qube Research & Technologies Ltd raised its holdings in shares of Johnson Controls International by 178.1% in the third quarter. Qube Research & Technologies Ltd now owns 2,287,801 shares of the company’s stock valued at $121,734,000 after purchasing an additional 1,465,136 shares during the last quarter. AQR Capital Management LLC increased its holdings in Johnson Controls International by 189.5% during the third quarter. AQR Capital Management LLC now owns 991,249 shares of the company’s stock worth $52,744,000 after buying an additional 648,790 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Johnson Controls International by 35.0% during the third quarter. Ameriprise Financial Inc. now owns 2,387,899 shares of the company’s stock worth $126,944,000 after buying an additional 618,920 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Johnson Controls International by 155.9% during the third quarter. Hsbc Holdings PLC now owns 1,014,178 shares of the company’s stock worth $53,732,000 after buying an additional 617,925 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Johnson Controls International by 55.7% during the third quarter. Envestnet Asset Management Inc. now owns 1,714,237 shares of the company’s stock worth $91,215,000 after buying an additional 613,341 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on JCI shares. Oppenheimer decreased their price objective on shares of Johnson Controls International from $71.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. Wells Fargo & Company raised their price objective on shares of Johnson Controls International from $64.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Argus lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Mizuho lowered shares of Johnson Controls International from a “buy” rating to a “neutral” rating and set a $62.00 target price for the company. in a research report on Friday, February 23rd. Finally, Citigroup increased their target price on shares of Johnson Controls International from $59.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $63.00.

Check Out Our Latest Analysis on JCI

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $62.86, for a total transaction of $188,580.00. Following the completion of the sale, the chief operating officer now directly owns 106,891 shares in the company, valued at $6,719,168.26. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $62.86, for a total transaction of $188,580.00. Following the transaction, the chief operating officer now directly owns 106,891 shares of the company’s stock, valued at $6,719,168.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Juergen Tinggren sold 4,000 shares of Johnson Controls International stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $62.31, for a total transaction of $249,240.00. Following the transaction, the director now directly owns 30,120 shares in the company, valued at $1,876,777.20. The disclosure for this sale can be found here. Insiders sold a total of 17,086 shares of company stock worth $1,097,025 over the last three months. 0.69% of the stock is owned by insiders.

Johnson Controls International Price Performance

JCI stock opened at $71.91 on Monday. The firm has a 50 day moving average of $66.42 and a 200-day moving average of $60.04. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. Johnson Controls International plc has a 12 month low of $47.90 and a 12 month high of $74.23. The firm has a market capitalization of $48.44 billion, a P/E ratio of 29.11, a price-to-earnings-growth ratio of 1.85 and a beta of 1.23.

Johnson Controls International (NYSE:JCIGet Free Report) last announced its earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.03. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same period in the previous year, the business posted $0.75 earnings per share. Johnson Controls International’s revenue for the quarter was down 6.1% on a year-over-year basis. As a group, sell-side analysts predict that Johnson Controls International plc will post 3.59 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Monday, March 25th were given a dividend of $0.37 per share. The ex-dividend date was Friday, March 22nd. This represents a $1.48 annualized dividend and a yield of 2.06%. Johnson Controls International’s payout ratio is presently 59.92%.

About Johnson Controls International

(Free Report)

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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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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