Novem Group Acquires Shares of 41,448 Johnson Controls International plc (NYSE:JCI)

Novem Group acquired a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 41,448 shares of the company's stock, valued at approximately $3,271,000.

Several other large investors also recently added to or reduced their stakes in JCI. Compass Financial Services Inc bought a new stake in Johnson Controls International in the fourth quarter worth approximately $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Johnson Controls International during the 4th quarter worth $29,000. Synergy Asset Management LLC bought a new stake in shares of Johnson Controls International during the 4th quarter worth $42,000. Crowley Wealth Management Inc. bought a new stake in shares of Johnson Controls International during the 4th quarter worth $42,000. Finally, Gables Capital Management Inc. boosted its holdings in shares of Johnson Controls International by 132.0% during the 4th quarter. Gables Capital Management Inc. now owns 580 shares of the company's stock worth $46,000 after buying an additional 330 shares during the period. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Price Performance

Shares of NYSE:JCI traded up $0.11 during midday trading on Friday, reaching $98.04. 3,224,529 shares of the company's stock were exchanged, compared to its average volume of 4,281,509. The company's 50 day simple moving average is $84.10 and its two-hundred day simple moving average is $83.02. The firm has a market capitalization of $64.51 billion, a PE ratio of 37.42, a price-to-earnings-growth ratio of 1.96 and a beta of 1.28. Johnson Controls International plc has a 12 month low of $64.31 and a 12 month high of $98.53. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02.

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

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Monday, March 24th. Johnson Controls International's dividend payout ratio (DPR) is currently 39.47%.

Analysts Set New Price Targets

JCI has been the subject of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of Johnson Controls International from $82.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. increased their price target on shares of Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Barclays increased their price target on shares of Johnson Controls International from $85.00 to $90.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and increased their price target for the company from $101.00 to $112.00 in a report on Monday, May 12th. Finally, UBS Group reissued a "buy" rating and issued a $116.00 price target (up from $103.00) on shares of Johnson Controls International in a report on Thursday. 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, the company has a consensus rating of "Moderate Buy" and an average target price of $96.12.

Insider Buying and Selling

In related news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $86.91, for a total transaction of $123,586.02. Following the completion of the sale, the vice president now owns 144,704 shares in the company, valued at $12,576,224.64. This trade represents a 0.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO George Oliver sold 129,263 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $83.55, for a total transaction of $10,799,923.65. Following the completion of the sale, the chief executive officer now owns 1,203,893 shares of the company's stock, valued at $100,585,260.15. The trade was a 9.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold 460,396 shares of company stock worth $38,645,569 in the last quarter. 0.54% of the stock is owned by corporate insiders.

About Johnson Controls International

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.