CIBC Asset Management Inc Raises Position in Johnson Controls International plc (NYSE:JCI)

CIBC Asset Management Inc lifted its stake in shares of Johnson Controls International plc (NYSE:JCI) by 4.0% in the 4th quarter, HoldingsChannel reports. The firm owned 122,039 shares of the company’s stock after buying an additional 4,711 shares during the quarter. CIBC Asset Management Inc’s holdings in Johnson Controls International were worth $9,633,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Compass Financial Services Inc purchased a new stake in shares of Johnson Controls International during the 4th quarter worth approximately $26,000. Fortitude Family Office LLC grew its stake in Johnson Controls International by 195.8% in the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after buying an additional 278 shares in the last quarter. Synergy Asset Management LLC purchased a new position in Johnson Controls International in the 4th quarter valued at approximately $42,000. ST Germain D J Co. Inc. grew its stake in Johnson Controls International by 32.8% in 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 in the last quarter. Finally, Western Pacific Wealth Management LP purchased a new position in Johnson Controls International in the 3rd quarter valued at approximately $44,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

JCI has been the subject of a number of recent research reports. Melius lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective for the company. in a research note on Tuesday, January 28th. Morgan Stanley lifted their price objective on shares of Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Barclays boosted their price target on shares of Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Finally, Melius Research restated a “hold” rating and set a $95.00 price target on shares of Johnson Controls International in a research report on Tuesday, January 28th. Eight research 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, Johnson Controls International presently has an average rating of “Moderate Buy” and an average price target of $91.13.

Johnson Controls International Stock Performance

NYSE JCI opened at $90.64 on Wednesday. Johnson Controls International plc has a 52-week low of $56.28 and a 52-week high of $91.14. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.79 and a current ratio of 1.02. The company has a market capitalization of $59.83 billion, a P/E ratio of 34.59, a P/E/G ratio of 2.48 and a beta of 1.32. The company has a fifty day moving average of $81.62 and a 200-day moving average of $77.93.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. As a group, equities research analysts predict that Johnson Controls International plc will post 3.52 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.63%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s dividend payout ratio is presently 56.49%.

Insiders Place Their Bets

In other Johnson Controls International news, CEO George Oliver sold 170,430 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $83.70, for a total value of $14,264,991.00. Following the completion of the sale, the chief executive officer now directly owns 1,166,992 shares of the company’s stock, valued at $97,677,230.40. The trade was a 12.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Nathan D. Manning sold 1,421 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the transaction, the vice president now directly owns 148,346 shares of the company’s stock, valued at approximately $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 sold 889,434 shares of company stock valued at $77,215,058 over the last three months. Insiders own 0.54% of the company’s stock.

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.