Castlekeep Investment Advisors LLC Invests $1.29 Million in Johnson Controls International plc (NYSE:JCI)

Castlekeep Investment Advisors LLC bought a new position in shares of Johnson Controls International plc (NYSE:JCI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 16,339 shares of the company’s stock, valued at approximately $1,290,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JCI. Compass Financial Services Inc acquired a new stake in shares of Johnson Controls International during the fourth quarter worth $26,000. SBI Securities Co. Ltd. acquired a new stake in Johnson Controls International during the 4th quarter worth about $29,000. Synergy Asset Management LLC bought a new position in shares of Johnson Controls International in the 4th quarter worth about $42,000. Crowley Wealth Management Inc. acquired a new position in shares of Johnson Controls International in the 4th quarter valued at about $42,000. Finally, ST Germain D J Co. Inc. boosted its position in shares of Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after purchasing an additional 134 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Johnson Controls International

In other news, CEO George Oliver sold 205,168 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $89.07, for a total transaction of $18,274,313.76. Following the completion of the transaction, the chief executive officer now owns 1,260,527 shares in the company, valued at approximately $112,275,139.89. This represents a 14.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the business’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $87.73, for a total value of $171,073.50. Following the completion of the sale, the vice president now owns 24,803 shares in the company, valued at $2,175,967.19. This represents a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 907,287 shares of company stock worth $77,953,036 in the last quarter. Insiders own 0.54% of the company’s stock.

Johnson Controls International Stock Performance

Shares of JCI opened at $89.31 on Tuesday. The stock has a 50 day moving average of $80.06 and a 200 day moving average of $81.25. The company has a market capitalization of $58.96 billion, a price-to-earnings ratio of 34.09, a PEG ratio of 1.96 and a beta of 1.22. Johnson Controls International plc has a 12 month low of $62.10 and a 12 month high of $91.14. 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 (NYSE:JCI) last released 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, sell-side analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis 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%.

Analysts Set New Price Targets

JCI has been the subject of a number of research analyst reports. Melius Research reissued a “hold” rating and issued a $95.00 price target on shares of Johnson Controls International in a research note on Tuesday, January 28th. Morgan Stanley boosted 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. Barclays reduced their price target on shares of Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Monday, March 10th. UBS Group upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and upped their price objective for the company from $90.00 to $103.00 in a report on Monday, February 10th. Finally, Citigroup reduced their target price on Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Johnson Controls International currently has an average rating of “Moderate Buy” and a consensus target price of $90.07.

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.