Cibc World Market Inc. Increases Stake in Johnson Controls International plc $JCI

Cibc World Market Inc. grew its position in shares of Johnson Controls International plc (NYSE:JCI) by 16.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 100,774 shares of the company’s stock after buying an additional 13,992 shares during the period. Cibc World Market Inc.’s holdings in Johnson Controls International were worth $12,068,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Maseco LLP raised its position 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 buying an additional 107 shares during the last quarter. Roxbury Financial LLC raised its position 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 buying an additional 100 shares during the last quarter. YANKCOM Partnership purchased a new position in Johnson Controls International during the 4th quarter worth $34,000. Dunhill Financial LLC raised its position 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 buying an additional 185 shares during the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Johnson Controls International in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

JCI has been the subject of a number of research analyst reports. Morgan Stanley increased their price target on shares of Johnson Controls International from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, March 11th. JPMorgan Chase & Co. increased their price target on shares of Johnson Controls International from $158.00 to $162.00 in a report on Thursday, May 7th. Rothschild & Co Redburn increased their price target on shares of Johnson Controls International from $137.00 to $150.00 and gave the company a “buy” rating in a report on Monday, February 9th. HSBC increased their price target on shares of Johnson Controls International from $127.00 to $136.00 in a report on Thursday, May 7th. Finally, The Goldman Sachs Group increased their price target on shares of Johnson Controls International from $169.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Eleven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $149.79.

Insider Buying and Selling

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

Johnson Controls International Stock Performance

Shares of JCI opened at $143.71 on Friday. The company has a market capitalization of $87.68 billion, a PE ratio of 25.71, a P/E/G ratio of 1.55 and a beta of 1.32. Johnson Controls International plc has a 52-week low of $100.86 and a 52-week high of $148.38. The company has a 50-day simple moving average of $139.11 and a 200-day simple moving average of $129.69. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64.

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

Johnson Controls International Dividend Announcement

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

Johnson Controls International Company Profile

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.