Commerce Bank Increases Holdings in Johnson Controls International plc (NYSE:JCI)

Commerce Bank boosted its position in shares of Johnson Controls International plc (NYSE:JCI) by 24.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,661 shares of the company’s stock after purchasing an additional 5,677 shares during the quarter. Commerce Bank’s holdings in Johnson Controls International were worth $2,262,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC raised its holdings in shares of Johnson Controls International by 6.7% in the third quarter. Barclays PLC now owns 1,685,322 shares of the company’s stock valued at $130,797,000 after acquiring an additional 105,194 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of Johnson Controls International in the 3rd quarter valued at about $5,361,000. Sfmg LLC purchased a new stake in shares of Johnson Controls International in the 3rd quarter worth approximately $210,000. Wilmington Savings Fund Society FSB boosted its stake in shares of Johnson Controls International by 27.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 223,989 shares of the company’s stock valued at $17,384,000 after purchasing an additional 48,416 shares in the last quarter. Finally, Peapack Gladstone Financial Corp raised its stake in Johnson Controls International by 8.6% in the third quarter. Peapack Gladstone Financial Corp now owns 9,669 shares of the company’s stock worth $751,000 after buying an additional 763 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

Insider Buying and Selling at Johnson Controls International

In other news, VP Daniel C. Mcconeghy sold 1,950 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $87.73, for a total transaction of $171,073.50. Following the completion of the transaction, the vice president now directly owns 24,803 shares of the company’s stock, valued at $2,175,967.19. This represents a 7.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the completion of the sale, the vice president now directly owns 148,346 shares in the company, valued at $11,339,568.24. This represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 907,286 shares of company stock valued at $77,938,071. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. Melius downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price for the company. in a report on Tuesday, January 28th. UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $90.00 to $103.00 in a research report on Monday, February 10th. Morgan Stanley increased their target price on shares of Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Citigroup cut their price target on shares of Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $90.07.

Johnson Controls International Trading Down 3.0 %

NYSE JCI opened at $74.50 on Tuesday. The company has a fifty day moving average of $80.99 and a 200 day moving average of $80.84. The company has a market capitalization of $49.18 billion, a PE ratio of 28.44, a P/E/G ratio of 1.96 and a beta of 1.22. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. 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 earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping 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%. 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 company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a $1.48 annualized dividend and a yield of 1.99%. Johnson Controls International’s dividend payout ratio is presently 56.49%.

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.