2,909 Shares in Johnson Controls International plc (NYSE:JCI) Acquired by Richmond Investment Services LLC

Richmond Investment Services LLC acquired a new position in Johnson Controls International plc (NYSE:JCI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,909 shares of the company's stock, valued at approximately $230,000.

Other institutional investors also recently modified their holdings of the company. Compass Financial Services Inc bought a new stake in shares of Johnson Controls International in the fourth quarter worth $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Johnson Controls International in the fourth quarter worth $29,000. Crowley Wealth Management Inc. bought a new stake in shares of Johnson Controls International in the fourth quarter worth $42,000. Synergy Asset Management LLC bought a new stake in shares of Johnson Controls International in the fourth quarter worth $42,000. Finally, Gables Capital Management Inc. grew its stake in shares of Johnson Controls International by 132.0% in the fourth quarter. Gables Capital Management Inc. now owns 580 shares of the company's stock worth $46,000 after purchasing an additional 330 shares during the last quarter. Institutional investors own 90.05% of the company's stock.

Insider Activity

In other news, CFO Marc Vandiepenbeeck sold 28,289 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $90.92, for a total transaction of $2,572,035.88. Following the completion of the transaction, the chief financial officer now directly owns 147,673 shares of the company's stock, valued at $13,426,429.16. This represents a 16.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George Oliver sold 100,000 shares of the 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 transaction, the director now directly owns 904,305 shares of the company's stock, valued at $82,924,768.50. This represents a 9.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 331,133 shares of company stock valued at $27,845,646 in the last three months. Company insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Vertical Research raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price objective on the stock in a research note on Thursday, May 8th. Royal Bank of Canada boosted their target price on shares of Johnson Controls International from $82.00 to $98.00 and gave the company a "sector perform" rating in a report on Thursday, May 8th. Citigroup dropped their target price on shares of Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and boosted their target price for the company from $101.00 to $112.00 in a report on Monday, May 12th. Finally, Melius Research restated a "hold" rating and issued a $95.00 target price on shares of Johnson Controls International in a report on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $96.12.

Johnson Controls International Stock Up 0.3%

Shares of JCI traded up $0.30 on Wednesday, reaching $101.32. The company's stock had a trading volume of 5,432,539 shares, compared to its average volume of 4,291,116. 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 plc has a twelve month low of $64.31 and a twelve month high of $102.92. The stock has a market capitalization of $66.67 billion, a PE ratio of 38.67, a PEG ratio of 1.96 and a beta of 1.28. The firm has a fifty day moving average of $84.76 and a 200-day moving average of $83.25.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share 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 company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same quarter in the prior year, the business posted $0.78 EPS. The firm's revenue was up 1.4% compared to the same quarter last year. Equities analysts predict that Johnson Controls International plc will post 3.64 EPS 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 $0.37 dividend. 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 (DPR) is 39.47%.

Johnson Controls International 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.