TIAA Trust National Association Purchases 613 Shares of Johnson Controls International plc (NYSE:JCI)

TIAA Trust National Association lifted its position in Johnson Controls International plc (NYSE:JCI) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,224 shares of the company’s stock after acquiring an additional 613 shares during the quarter. TIAA Trust National Association’s holdings in Johnson Controls International were worth $886,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Crowley Wealth Management Inc. bought a new stake in shares of Johnson Controls International in the 4th quarter valued at about $42,000. Vanguard Group Inc. raised its stake in Johnson Controls International by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 68,156,110 shares of the company’s stock worth $5,379,562,000 after buying an additional 179,743 shares in the last quarter. LPL Financial LLC lifted its holdings in Johnson Controls International by 30.8% during the fourth quarter. LPL Financial LLC now owns 603,057 shares of the company’s stock worth $47,599,000 after buying an additional 141,880 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Johnson Controls International during the 4th quarter valued at $18,978,000. Finally, AXQ Capital LP purchased a new position in shares of Johnson Controls International in the 4th quarter valued at $603,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Price Performance

NYSE JCI opened at $82.23 on Friday. The company has a market cap of $54.28 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 1.96 and a beta of 1.32. 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 stock’s fifty day moving average price is $82.99 and its 200 day moving average price is $80.43. Johnson Controls International plc has a 1 year low of $59.83 and a 1 year high of $91.14.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. As a group, equities research analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Monday, March 24th. Johnson Controls International’s dividend payout ratio is presently 56.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on JCI shares. Argus upgraded 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. JPMorgan Chase & Co. increased their price target on shares of Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Morgan Stanley lifted their price objective on shares of Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Wells Fargo & Company increased their target price on shares of Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Melius Research reaffirmed a “hold” rating and issued a $95.00 price target on shares of Johnson Controls International in a report on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Johnson Controls International has a consensus rating of “Moderate Buy” and an average price target of $91.27.

Insiders Place Their Bets

In related news, Director George Oliver sold 15,669 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $77.49, for a total transaction of $1,214,190.81. Following the completion of the transaction, the director now owns 1,003,893 shares of the company’s stock, valued at $77,791,668.57. This trade represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the transaction, the vice president now owns 24,803 shares of the company’s stock, valued at $2,175,967.19. This represents a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 905,864 shares of company stock valued at $77,824,710. 0.54% of the stock is owned by insiders.

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.