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

Castlekeep Investment Advisors LLC purchased a new position in Johnson Controls International plc (NYSE:JCI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,339 shares of the company's stock, valued at approximately $1,290,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Richmond Investment Services LLC purchased a new stake in shares of Johnson Controls International in the fourth quarter valued at $230,000. Public Employees Retirement System of Ohio bought a new position in Johnson Controls International during the 4th quarter valued at about $22,795,000. Vise Technologies Inc. grew its holdings in Johnson Controls International by 91.7% during the 4th quarter. Vise Technologies Inc. now owns 14,915 shares of the company's stock valued at $1,177,000 after purchasing an additional 7,136 shares during the last quarter. Cornerstone Advisory LLC purchased a new stake in Johnson Controls International in the 4th quarter worth about $246,000. Finally, Novem Group bought a new stake in Johnson Controls International in the fourth quarter worth about $3,271,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on JCI. Melius cut Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price objective for the company. in a report on Tuesday, January 28th. Citigroup decreased their target price on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. boosted their target price on shares of Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Melius Research restated a "hold" rating and issued a $95.00 price target on shares of Johnson Controls International in a report on Tuesday, January 28th. Finally, Vertical Research upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price objective for the company in a report on Thursday, May 8th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $96.12.

Johnson Controls International Stock Up 3.1%

Shares of NYSE:JCI traded up $3.03 during trading hours on Tuesday, hitting $101.02. The company's stock had a trading volume of 5,541,896 shares, compared to its average volume of 4,286,549. The firm's fifty day moving average price is $84.40 and its 200 day moving average price is $83.12. Johnson Controls International plc has a 52 week low of $64.31 and a 52 week high of $101.08. The company has a market capitalization of $66.48 billion, a price-to-earnings ratio of 38.56, a P/E/G ratio of 1.96 and a beta of 1.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.05. The company had revenue of $5.68 billion for the quarter, compared to analyst estimates 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 was up 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.78 earnings per share. As a group, research analysts expect that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Monday, March 24th. Johnson Controls International's dividend payout ratio (DPR) is currently 39.47%.

Insider Buying and Selling

In related news, Director George Oliver sold 184,331 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $79.49, for a total transaction of $14,652,471.19. Following the completion of the transaction, the director now owns 1,019,562 shares in the company, valued at $81,044,983.38. The trade was a 15.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Nathan D. Manning sold 1,422 shares of the business's stock in a transaction 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 transaction, the vice president now owns 145,502 shares in the company, valued at approximately $11,599,419.44. This trade represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 331,133 shares of company stock worth $27,845,646 in the last three months. 0.54% of the stock is owned by insiders.

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.