Castlekeep Investment Advisors LLC Acquires Shares of 16,339 Johnson Controls International plc (NYSE:JCI)

Castlekeep Investment Advisors LLC bought a new position in Johnson Controls International plc (NYSE:JCI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 made changes to their positions in JCI. Compass Financial Services Inc purchased a new position in Johnson Controls International in the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Johnson Controls International during the 4th quarter valued at about $29,000. Synergy Asset Management LLC bought a new stake in shares of Johnson Controls International in the fourth quarter worth approximately $42,000. Crowley Wealth Management Inc. purchased a new position in shares of Johnson Controls International during the fourth quarter valued at approximately $42,000. Finally, Gables Capital Management Inc. raised its stake in Johnson Controls International by 132.0% during the 4th quarter. Gables Capital Management Inc. now owns 580 shares of the company's stock valued at $46,000 after buying an additional 330 shares during the last quarter. Institutional investors own 90.05% of the company's stock.

Johnson Controls International Price Performance

Shares of JCI traded up $0.43 during midday trading on Thursday, hitting $101.92. 2,164,671 shares of the company traded hands, compared to its average volume of 4,277,400. Johnson Controls International plc has a 52 week low of $64.31 and a 52 week high of $103.74. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The firm has a 50 day moving average of $85.13 and a 200-day moving average of $83.37. The stock has a market cap of $67.07 billion, a price-to-earnings ratio of 38.87, a PEG ratio of 1.96 and a beta of 1.28.

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

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were given a dividend of $0.37 per share. The ex-dividend date was Monday, March 24th. This represents a $1.48 annualized dividend and a yield of 1.45%. Johnson Controls International's dividend payout ratio (DPR) is currently 39.47%.

Insider Buying and Selling at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total value of $113,361.84. Following the completion of the sale, the vice president now directly owns 145,502 shares of the company's stock, valued at $11,599,419.44. This trade represents a 0.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director George Oliver sold 15,669 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $77.49, for a total value of $1,214,190.81. Following the sale, the director now owns 1,003,893 shares in the company, valued at $77,791,668.57. The trade was a 1.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold 331,133 shares of company stock worth $27,845,646 over the last 90 days. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

JCI has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price objective on shares of Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Deutsche Bank Aktiengesellschaft raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and upped their target price for the company from $101.00 to $112.00 in a report on Monday, May 12th. Wells Fargo & Company lifted their price target on shares of Johnson Controls International from $82.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Citigroup reduced their price objective 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, UBS Group reiterated a "buy" rating and set a $116.00 target price (up from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Johnson Controls International has an average rating of "Moderate Buy" and a consensus price target of $96.12.

Johnson Controls International Company 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.