Mackenzie Financial Corp Has $25.44 Million Stake in Johnson Controls International plc (NYSE:JCI)

Mackenzie Financial Corp lifted its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 12.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 322,297 shares of the company's stock after acquiring an additional 36,440 shares during the period. Mackenzie Financial Corp's holdings in Johnson Controls International were worth $25,439,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Castlekeep Investment Advisors LLC bought a new stake in shares of Johnson Controls International during the 4th quarter worth $1,290,000. Richmond Investment Services LLC acquired a new position in Johnson Controls International during the 4th quarter worth $230,000. Public Employees Retirement System of Ohio bought a new stake in Johnson Controls International during the fourth quarter valued at about $22,795,000. Vise Technologies Inc. grew its position in shares of Johnson Controls International by 91.7% in the fourth 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. Finally, Cornerstone Advisory LLC acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at about $246,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Johnson Controls International

In related news, Director George Oliver sold 184,331 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $79.49, for a total transaction of $14,652,471.19. Following the completion of the sale, the director now directly owns 1,019,562 shares of the company's stock, valued at $81,044,983.38. This trade represents a 15.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the business's stock in a transaction 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 completion of the transaction, the vice president now directly owns 144,704 shares in the company, valued at approximately $12,576,224.64. This represents a 0.97% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 331,133 shares of company stock valued at $27,845,646. Corporate insiders own 0.54% of the company's stock.

Johnson Controls International Price Performance

Shares of Johnson Controls International stock traded up $0.30 during midday trading on Wednesday, hitting $101.32. 5,432,540 shares of the company were exchanged, compared to its average volume of 4,285,544. The firm has a 50 day simple moving average of $84.76 and a 200-day simple moving average of $83.25. 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 has a market cap of $66.67 billion, a P/E ratio of 38.67, a PEG ratio of 1.96 and a beta of 1.28. Johnson Controls International plc has a 52 week low of $64.31 and a 52 week high of $102.92.

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 analysts' consensus estimates of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The company had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $5.64 billion. During the same period last year, the business earned $0.78 earnings per share. The business's revenue was up 1.4% on a year-over-year basis. Research analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a $1.48 annualized dividend and a yield of 1.46%. Johnson Controls International's dividend payout ratio is 39.47%.

Wall Street Analyst Weigh In

JCI has been the subject of several research analyst reports. Royal Bank of Canada boosted their price objective on Johnson Controls International from $82.00 to $98.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th. Wells Fargo & Company upped their price target on Johnson Controls International from $82.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Melius downgraded shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price objective on the stock. in a research note on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and boosted their target price for the stock from $101.00 to $112.00 in a research report on Monday, May 12th. Finally, Citigroup reduced their price target on shares of Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus 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.