Baird Financial Group Inc. Has $14.30 Million Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Baird Financial Group Inc. grew its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 54.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 181,142 shares of the company's stock after purchasing an additional 63,796 shares during the period. Baird Financial Group Inc.'s holdings in Johnson Controls International were worth $14,298,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of Johnson Controls International in the fourth quarter worth $568,309,000. Norges Bank purchased a new position in Johnson Controls International during the 4th quarter valued at about $560,549,000. Invesco Ltd. increased its holdings in shares of Johnson Controls International by 13.2% in the 4th quarter. Invesco Ltd. now owns 18,407,597 shares of the company's stock valued at $1,452,912,000 after purchasing an additional 2,150,573 shares during the period. Amundi lifted its position in shares of Johnson Controls International by 76.7% in the fourth quarter. Amundi now owns 3,870,478 shares of the company's stock worth $309,422,000 after purchasing an additional 1,680,431 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Johnson Controls International by 6.0% during the fourth quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company's stock worth $1,842,571,000 after purchasing an additional 1,325,500 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Buying and Selling at Johnson Controls International

In related news, CEO George Oliver sold 162,894 shares of the business's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $89.28, for a total value of $14,543,176.32. Following the sale, the chief executive officer now directly owns 1,203,893 shares of the company's stock, valued at approximately $107,483,567.04. The trade was a 11.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $86.91, for a total value of $123,586.02. Following the transaction, the vice president now directly owns 144,704 shares of the company's stock, valued at approximately $12,576,224.64. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 905,337 shares of company stock valued at $77,781,963. Company insiders own 0.54% of the company's stock.

Johnson Controls International Trading Up 1.0 %

NYSE JCI opened at $89.68 on Thursday. Johnson Controls International plc has a 12 month low of $64.19 and a 12 month high of $91.14. The stock has a 50-day simple moving average of $80.23 and a 200 day simple moving average of $81.36. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $59.20 billion, a PE ratio of 34.23, a P/E/G ratio of 1.96 and a beta of 1.28.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.05. The business had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.64 billion. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. Johnson Controls International's revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS. Research analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Monday, March 24th. Johnson Controls International's payout ratio is presently 56.49%.

Analyst Upgrades and Downgrades

JCI has been the subject of a number of research analyst reports. 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 research report on Tuesday, January 28th. Morgan Stanley lifted 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. Barclays dropped their target price on Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Monday, March 10th. Citigroup lowered their price target 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. Finally, Wells Fargo & Company increased their price target on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.

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