CIBC Asset Management Inc Buys 55,824 Shares of Johnson Controls International plc $JCI

CIBC Asset Management Inc grew its stake in shares of Johnson Controls International plc (NYSE:JCI) by 56.9% during the 4th quarter, Holdings Channel reports. The firm owned 153,929 shares of the company’s stock after buying an additional 55,824 shares during the period. CIBC Asset Management Inc’s holdings in Johnson Controls International were worth $18,433,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in JCI. Regents Gate Capital LLP lifted its stake in Johnson Controls International by 17.4% in the third quarter. Regents Gate Capital LLP now owns 86,144 shares of the company’s stock valued at $9,472,000 after acquiring an additional 12,774 shares during the last quarter. Bright Futures Wealth Management LLC. acquired a new position in shares of Johnson Controls International during the 3rd quarter worth about $583,000. Elo Mutual Pension Insurance Co raised its holdings in shares of Johnson Controls International by 23.7% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 75,021 shares of the company’s stock valued at $8,249,000 after purchasing an additional 14,354 shares during the period. Nordea Investment Management AB raised its holdings in shares of Johnson Controls International by 6.7% in the 4th quarter. Nordea Investment Management AB now owns 2,276,753 shares of the company’s stock valued at $274,235,000 after purchasing an additional 142,429 shares during the period. Finally, Kepler Cheuvreux Suisse SA acquired a new stake in Johnson Controls International in the 3rd quarter valued at about $2,345,000. Institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling at Johnson Controls International

In other news, VP Lei Zhang Schlitz sold 88,809 shares of the business’s 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 completion of the sale, the vice president owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. The trade was a 60.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.29% of the company’s stock.

Johnson Controls International Trading Up 0.3%

Shares of NYSE:JCI opened at $147.35 on Friday. Johnson Controls International plc has a 12-month low of $100.86 and a 12-month high of $148.38. The stock has a market cap of $89.90 billion, a PE ratio of 26.36, a P/E/G ratio of 1.59 and a beta of 1.32. The business has a 50 day moving average of $138.98 and a 200-day moving average of $129.59. 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 announced its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share for the quarter. The company had revenue of $6.14 billion for the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. As a group, equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, June 15th. This represents a $1.60 annualized dividend and a yield of 1.1%. Johnson Controls International’s dividend payout ratio (DPR) is presently 28.62%.

Analyst Ratings Changes

A number of equities analysts have weighed in on JCI shares. JPMorgan Chase & Co. boosted their price target on Johnson Controls International from $158.00 to $162.00 in a research report on Thursday, May 7th. Jefferies Financial Group raised their price objective on Johnson Controls International from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, April 15th. UBS Group lifted their target price on Johnson Controls International from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday. The Goldman Sachs Group boosted their target price on Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, HSBC increased their price target on Johnson Controls International from $127.00 to $136.00 in a research note on Thursday, May 7th. Eleven 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $149.79.

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.