TD Asset Management Inc Boosts Stock Position in Johnson Controls International plc $JCI

TD Asset Management Inc increased its stake in shares of Johnson Controls International plc (NYSE:JCI) by 25.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 307,542 shares of the company’s stock after purchasing an additional 62,296 shares during the quarter. TD Asset Management Inc’s holdings in Johnson Controls International were worth $36,828,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Maseco LLP increased its holdings in Johnson Controls International by 102.9% during the 4th quarter. Maseco LLP now owns 211 shares of the company’s stock worth $25,000 after purchasing an additional 107 shares during the period. Roxbury Financial LLC increased its holdings in Johnson Controls International by 71.9% during the 4th quarter. Roxbury Financial LLC now owns 239 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares during the period. YANKCOM Partnership purchased a new stake in Johnson Controls International during the 4th quarter worth about $34,000. Flagship Harbor Advisors LLC purchased a new stake in Johnson Controls International during the 4th quarter worth about $38,000. Finally, Dunhill Financial LLC increased its holdings in Johnson Controls International by 123.3% during the 3rd quarter. Dunhill Financial LLC now owns 335 shares of the company’s stock worth $37,000 after purchasing an additional 185 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on JCI shares. HSBC upped their price target on Johnson Controls International from $127.00 to $136.00 in a report on Thursday, May 7th. Royal Bank Of Canada restated a “sector perform” rating and set a $154.00 price target on shares of Johnson Controls International in a report on Tuesday, June 2nd. Jefferies Financial Group upped their price target on Johnson Controls International from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, April 15th. Rothschild & Co Redburn upped their price objective on Johnson Controls International from $137.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Finally, Evercore initiated coverage on Johnson Controls International in a research report on Monday, April 13th. They set a “hold” rating and a $155.00 price objective for the company. Eleven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $149.79.

Johnson Controls International Trading Down 2.5%

NYSE:JCI opened at $143.71 on Friday. The stock has a 50-day simple moving average of $139.11 and a 200-day simple moving average of $129.69. The stock has a market cap of $87.68 billion, a P/E ratio of 25.71, a P/E/G ratio of 1.55 and a beta of 1.32. Johnson Controls International plc has a 1 year low of $100.86 and a 1 year high of $148.38. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.04.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. The business had revenue of $6.14 billion during the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. As a group, analysts anticipate that Johnson Controls International plc will post 4.86 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Johnson Controls International’s dividend payout ratio is 28.62%.

Insider Activity

In related news, VP Lei Zhang Schlitz sold 88,809 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $140.99, for a total value of $12,521,180.91. Following the completion of the sale, the vice president directly owned 57,059 shares of the company’s stock, valued at $8,044,748.41. This represents a 60.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is currently owned by company insiders.

About Johnson Controls International

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.