Mercer Global Advisors Inc. ADV Acquires 17,799 Shares of Johnson Controls International plc (NYSE:JCI)

Mercer Global Advisors Inc. ADV boosted its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 16.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 126,605 shares of the company’s stock after buying an additional 17,799 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Johnson Controls International were worth $9,993,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Itau Unibanco Holding S.A. raised its stake in shares of Johnson Controls International by 278.8% in the fourth quarter. Itau Unibanco Holding S.A. now owns 875 shares of the company’s stock worth $69,000 after buying an additional 644 shares during the period. Widmann Financial Services Inc. increased its holdings in Johnson Controls International by 4.7% in the 4th quarter. Widmann Financial Services Inc. now owns 8,033 shares of the company’s stock worth $634,000 after acquiring an additional 361 shares in the last quarter. Parvin Asset Management LLC bought a new stake in Johnson Controls International during the 4th quarter worth approximately $423,000. Schonfeld Strategic Advisors LLC lifted its holdings in Johnson Controls International by 23.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 342,433 shares of the company’s stock valued at $27,028,000 after purchasing an additional 64,821 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Johnson Controls International by 49.2% in the fourth quarter. AQR Capital Management LLC now owns 239,971 shares of the company’s stock worth $18,941,000 after purchasing an additional 79,083 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the firm’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $86.91, for a total value of $123,586.02. Following the completion of the sale, the vice president now owns 144,704 shares of the company’s stock, valued at $12,576,224.64. This trade represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total value 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 trade represents a 7.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 908,708 shares of company stock worth $78,061,657. 0.54% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on JCI. Melius cut shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price on the stock. in a research note on Tuesday, January 28th. Morgan Stanley boosted their price objective on Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Royal Bank of Canada increased their target price on Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Wells Fargo & Company boosted their price target on Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Citigroup cut their price objective on shares of Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Johnson Controls International currently has a consensus rating of “Moderate Buy” and an average target price of $90.07.

Johnson Controls International Trading Up 2.1 %

JCI opened at $89.06 on Friday. The stock has a 50-day moving average of $79.97 and a 200 day moving average of $81.14. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 12 month low of $62.10 and a 12 month high of $91.14. The firm has a market cap of $58.79 billion, a P/E ratio of 33.99, a P/E/G ratio of 1.96 and a beta of 1.22.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates 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, research analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Monday, March 24th. Johnson Controls International’s dividend payout ratio is currently 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.