ProShare Advisors LLC Acquires 12,055 Shares of Johnson Controls International plc (NYSE:JCI)

ProShare Advisors LLC grew its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 14.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,667 shares of the company's stock after purchasing an additional 12,055 shares during the quarter. ProShare Advisors LLC's holdings in Johnson Controls International were worth $7,630,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of JCI. Park Avenue Securities LLC raised its holdings in Johnson Controls International by 101.5% in the 4th quarter. Park Avenue Securities LLC now owns 26,517 shares of the company's stock valued at $2,093,000 after acquiring an additional 13,360 shares during the period. Certuity LLC acquired a new position in shares of Johnson Controls International in the fourth quarter valued at approximately $243,000. BNC Wealth Management LLC bought a new position in shares of Johnson Controls International during the fourth quarter worth approximately $2,093,000. Seros Financial LLC bought a new position in shares of Johnson Controls International during the fourth quarter worth approximately $561,000. Finally, Harrell Investment Partners LLC lifted its holdings in Johnson Controls International by 10.3% during the 4th quarter. Harrell Investment Partners LLC now owns 46,107 shares of the company's stock worth $3,639,000 after purchasing an additional 4,301 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Insiders Place Their Bets

In other news, CFO Marc Vandiepenbeeck sold 28,289 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $90.92, for a total value of $2,572,035.88. Following the completion of the transaction, the chief financial officer now owns 147,673 shares of the company's stock, valued at $13,426,429.16. This represents a 16.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director George Oliver sold 100,000 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $91.70, for a total transaction of $9,170,000.00. Following the completion of the transaction, the director now owns 904,305 shares of the company's stock, valued at approximately $82,924,768.50. This trade represents a 9.96% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 460,396 shares of company stock valued at $38,645,569. 0.54% of the stock is currently owned by insiders.

Johnson Controls International Price Performance

NYSE JCI traded down $0.49 on Friday, hitting $97.44. 692,482 shares of the company's stock were exchanged, compared to its average volume of 4,280,007. The stock has a 50-day moving average of $83.77 and a 200-day moving average of $82.85. The stock has a market cap of $64.12 billion, a price-to-earnings ratio of 37.23, a P/E/G 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 $98.53. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50.

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

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were given a $0.37 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a yield of 1.52%. Johnson Controls International's dividend payout ratio is currently 39.47%.

Wall Street Analyst Weigh In

Several research firms have weighed in on JCI. UBS Group reiterated a "buy" rating and set a $116.00 price objective (up previously from $103.00) on shares of Johnson Controls International in a research report on Thursday. Melius downgraded shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price target on the stock. in a research note on Tuesday, January 28th. Wells Fargo & Company raised 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 report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and increased their target price for the stock from $101.00 to $112.00 in a research report on Monday, May 12th. Finally, JPMorgan Chase & Co. raised their target price on shares of Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $96.12.

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.