Johnson Controls International plc $JCI Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Johnson Controls International plc (NYSE:JCI) by 1.0% during the fourth quarter, HoldingsChannel reports. The firm owned 7,179,181 shares of the company’s stock after purchasing an additional 71,296 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Johnson Controls International were worth $859,707,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. State Street Corp increased its stake in Johnson Controls International by 0.6% during the 3rd quarter. State Street Corp now owns 28,684,645 shares of the company’s stock valued at $3,165,286,000 after purchasing an additional 163,167 shares in the last quarter. Franklin Resources Inc. increased its stake in Johnson Controls International by 3.3% during the 4th quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock valued at $2,712,949,000 after purchasing an additional 718,245 shares in the last quarter. Fisher Asset Management LLC increased its stake in Johnson Controls International by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 17,239,953 shares of the company’s stock valued at $2,064,485,000 after purchasing an additional 280,704 shares in the last quarter. Norges Bank acquired a new position in Johnson Controls International during the 4th quarter valued at approximately $927,739,000. Finally, Capital World Investors increased its stake in Johnson Controls International by 0.3% during the 3rd quarter. Capital World Investors now owns 7,535,476 shares of the company’s stock valued at $828,526,000 after purchasing an additional 19,550 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

Shares of NYSE JCI opened at $144.83 on Friday. The company’s fifty day moving average price is $140.40 and its 200 day moving average price is $130.73. Johnson Controls International plc has a 1 year low of $100.86 and a 1 year high of $149.10. The company has a market capitalization of $88.36 billion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 1.56 and a beta of 1.32. 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 announced its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. The firm had revenue of $6.14 billion for the quarter. On average, research analysts predict that Johnson Controls International plc will post 4.86 earnings per share for the current year.

Johnson Controls International Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wolfe Research restated an “outperform” rating and set a $171.00 price target on shares of Johnson Controls International in a research note on Wednesday, June 3rd. The Goldman Sachs Group upped their price target on shares of Johnson Controls International from $169.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Wells Fargo & Company upped their price target on shares of Johnson Controls International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. BNP Paribas Exane initiated coverage on shares of Johnson Controls International in a research note on Tuesday, April 14th. They issued an “underperform” rating and a $120.00 price objective on the stock. Finally, Morgan Stanley increased their price objective on shares of Johnson Controls International from $140.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Johnson Controls International currently has a consensus rating of “Moderate Buy” and an average target price of $152.85.

Insiders Place Their Bets

In related news, VP Todd M. Grabowski sold 1,800 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the sale, the vice president directly owned 26,215 shares of the company’s stock, valued at approximately $3,832,633. This represents a 6.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the sale, the vice president directly owned 57,059 shares in the company, valued at $8,044,748.41. This trade represents a 60.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.29% of the company’s stock.

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.