Johnson Controls International plc $JCI Shares Bought by Cibc World Market Inc.

Key Points

• Cibc World Market Inc. increased its stake in Johnson Controls International by 16.1% in the fourth quarter, bringing its holdings to 100,774 shares valued at about $12.1 million.
• Institutional ownership remains very high, with hedge funds and other investors holding 90.05% of JCI shares. Several firms added to their positions, while insider activity included a large share sale by VP Lei Zhang Schlitz.
• Analysts are broadly cautious on the stock: the consensus rating is Hold with an average price target of $149.79, even though Goldman Sachs recently raised its target to $178 and kept a buy rating.

Cibc World Market Inc. boosted its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 16.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,774 shares of the company's stock after acquiring an additional 13,992 shares during the period. Cibc World Market Inc.'s holdings in Johnson Controls International were worth $12,068,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JCI. Brighton Jones LLC acquired a new position in Johnson Controls International during the 4th quarter worth approximately $222,000. Acadian Asset Management LLC acquired a new position in Johnson Controls International during the 1st quarter worth approximately $55,000. Sivia Capital Partners LLC grew its holdings in Johnson Controls International by 83.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 7,049 shares of the company's stock worth $745,000 after acquiring an additional 3,203 shares in the last quarter. Jump Financial LLC grew its holdings in Johnson Controls International by 3.5% during the 2nd quarter. Jump Financial LLC now owns 12,578 shares of the company's stock worth $1,328,000 after acquiring an additional 425 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of Johnson Controls International by 120.7% in the 2nd quarter. Federated Hermes Inc. now owns 12,359 shares of the company's stock valued at $1,305,000 after buying an additional 6,760 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on JCI shares. Evercore started coverage on shares of Johnson Controls International in a report on Monday, April 13th. They issued a "hold" rating and a $155.00 target price for the company. HSBC upped their target price on shares of Johnson Controls International from $127.00 to $136.00 in a report on Thursday, May 7th. Oppenheimer restated a "market perform" rating on shares of Johnson Controls International in a report on Tuesday. Citigroup upped their target price on shares of Johnson Controls International from $150.00 to $155.00 and gave the company a "neutral" rating in a report on Thursday, May 7th. Finally, The Goldman Sachs Group upped their target price on shares of Johnson Controls International from $169.00 to $178.00 and gave the company a "buy" rating in a report on Tuesday, June 2nd. Eleven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $149.79.

Johnson Controls International Stock Down 2.5%

JCI stock opened at $143.71 on Friday. The company has a fifty day moving average price of $139.11 and a 200 day moving average price of $129.69. Johnson Controls International plc has a 12 month low of $100.86 and a 12 month high of $148.38. The company has a market cap of $87.68 billion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 1.55 and a beta of 1.32. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.85.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. The firm had revenue of $6.14 billion during the quarter. Sell-side analysts expect that Johnson Controls International plc will post 4.86 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be given a $0.40 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.60 annualized dividend and a yield of 1.1%. Johnson Controls International's dividend payout ratio is 28.62%.

Insider Buying and Selling

In related news, VP Lei Zhang Schlitz sold 88,809 shares of the company's stock in a transaction on Friday, May 8th. The shares were sold at an average price of $140.99, for a total value of $12,521,180.91. Following the completion of the sale, the vice president owned 57,059 shares in the company, valued at $8,044,748.41. This represents a 60.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is currently owned by company insiders.

Johnson Controls International Profile

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company's core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls' product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.

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