Commerce Bank Raises Stock Position in Johnson Controls International plc (NYSE:JCI)

Commerce Bank grew its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 24.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,661 shares of the company's stock after purchasing an additional 5,677 shares during the period. Commerce Bank's holdings in Johnson Controls International were worth $2,262,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in JCI. Raymond James Financial Inc. bought a new stake in Johnson Controls International in the fourth quarter worth $568,309,000. Norges Bank purchased a new position in shares of Johnson Controls International in the 4th quarter worth $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 worth $1,452,912,000 after buying an additional 2,150,573 shares during the last quarter. Amundi increased its holdings in shares of Johnson Controls International by 76.7% in the 4th quarter. Amundi now owns 3,870,478 shares of the company's stock worth $309,422,000 after buying an additional 1,680,431 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Johnson Controls International by 6.0% in the 4th quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company's stock valued at $1,842,571,000 after acquiring an additional 1,325,500 shares during the last quarter. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Stock Up 1.0 %

Shares of JCI stock traded up $0.84 during mid-day trading on Friday, hitting $81.20. The stock had a trading volume of 2,920,556 shares, compared to its average volume of 4,444,812. Johnson Controls International plc has a 12-month low of $59.83 and a 12-month high of $91.14. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The firm's 50-day moving average is $80.14 and its two-hundred day moving average is $80.91. The firm has a market capitalization of $53.60 billion, a P/E ratio of 30.99, a price-to-earnings-growth ratio of 1.96 and a beta of 1.22.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. On average, analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were issued a $0.37 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.82%. Johnson Controls International's dividend payout ratio is presently 56.49%.

Insider Transactions at Johnson Controls International

In related news, CEO George Oliver sold 205,168 shares of the company's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the transaction, the chief executive officer now directly owns 1,260,527 shares of the company's stock, valued at $110,964,191.81. This represents a 14.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $79.72, for a total transaction of $113,361.84. Following the completion of the transaction, the vice president now directly owns 145,502 shares of the company's stock, valued at $11,599,419.44. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, 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 equities analysts have recently commented on JCI shares. Citigroup dropped their target price on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Barclays reduced their target price on shares of Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating on the stock in a research note on Monday, March 10th. Melius cut shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price target for the company. in a research note on Tuesday, January 28th. Melius Research reissued a "hold" rating and issued a $95.00 price objective on shares of Johnson Controls International in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada raised their price objective on shares of Johnson Controls International from $86.00 to $93.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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.