Richmond Investment Services LLC Buys Shares of 2,909 Johnson Controls International plc (NYSE:JCI)

Richmond Investment Services LLC acquired a new position in shares of 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 and Exchange Commission. The firm acquired 2,909 shares of the company's stock, valued at approximately $230,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. bought a new position in Johnson Controls International during the fourth quarter worth about $568,309,000. Norges Bank bought a new stake in Johnson Controls International during the 4th quarter worth about $560,549,000. Invesco Ltd. grew its stake in shares of Johnson Controls International by 13.2% during the fourth quarter. Invesco Ltd. now owns 18,407,597 shares of the company's stock valued at $1,452,912,000 after purchasing an additional 2,150,573 shares during the last quarter. Amundi lifted its position in Johnson Controls International by 76.7% during the 4th quarter. Amundi now owns 3,870,478 shares of the company's stock valued at $309,422,000 after purchasing an additional 1,680,431 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Johnson Controls International by 6.0% in the fourth quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company's stock valued at $1,842,571,000 after acquiring an additional 1,325,500 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Johnson Controls International news, CFO Marc Vandiepenbeeck sold 28,289 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly owns 147,673 shares in the company, valued at $13,426,429.16. This represents a 16.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director George Oliver sold 100,000 shares of the firm's stock in a transaction dated 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 directly owns 904,305 shares in the company, valued at approximately $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. Over the last three months, insiders have sold 331,133 shares of company stock valued at $27,845,646. 0.54% of the stock is owned by company insiders.

Johnson Controls International Stock Performance

Johnson Controls International stock traded up $0.42 during mid-day trading on Thursday, hitting $101.91. 2,164,671 shares of the company's stock traded hands, compared to its average volume of 4,277,366. 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 50 day simple moving average of $85.13 and a two-hundred day simple moving average of $83.37. Johnson Controls International plc has a fifty-two week low of $64.31 and a fifty-two week high of $103.74. The stock has a market cap of $67.06 billion, a price-to-earnings ratio of 38.87, a P/E/G ratio of 1.96 and a beta of 1.28.

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 (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 company had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $5.64 billion. During the same quarter last year, the company posted $0.78 EPS. Johnson Controls International's quarterly revenue was up 1.4% compared to the same quarter last year. On average, research analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Monday, March 24th. Johnson Controls International's dividend payout ratio is currently 39.47%.

Wall Street Analysts Forecast Growth

JCI has been the subject of a number of recent analyst reports. UBS Group restated a "buy" rating and issued a $116.00 price objective (up previously from $103.00) on shares of Johnson Controls International in a research report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and raised their target price for the stock from $101.00 to $112.00 in a report on Monday, May 12th. Oppenheimer increased their price objective on shares of Johnson Controls International from $90.00 to $96.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Royal Bank of Canada raised their price objective on shares of Johnson Controls International from $82.00 to $98.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. Finally, Vertical Research raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 target price for the company in a research note on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Johnson Controls International presently has an average rating of "Moderate Buy" and an average 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.