Teza Capital Management LLC Makes New Investment in Johnson Controls International plc (NYSE:JCI)

Teza Capital Management LLC purchased a new position in Johnson Controls International plc (NYSE:JCI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,014 shares of the company's stock, valued at approximately $1,106,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Johnson Controls International by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 68,156,110 shares of the company's stock worth $5,379,562,000 after acquiring an additional 179,743 shares in the last quarter. Franklin Resources Inc. raised its holdings in Johnson Controls International by 6.0% during the fourth quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company's stock valued at $1,842,571,000 after buying an additional 1,325,500 shares in the last quarter. Invesco Ltd. raised its holdings in 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 buying an additional 2,150,573 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Johnson Controls International by 2.9% in the fourth quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company's stock worth $1,242,597,000 after buying an additional 447,513 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Johnson Controls International by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 13,818,777 shares of the company's stock worth $1,087,670,000 after acquiring an additional 343,517 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Johnson Controls International

In related news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total transaction of $113,361.84. Following the completion of the transaction, the vice president now directly owns 145,502 shares in the company, valued at approximately $11,599,419.44. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George Oliver sold 184,331 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $79.49, for a total value of $14,652,471.19. Following the transaction, the director now directly owns 1,019,562 shares in the company, valued at $81,044,983.38. This trade represents a 15.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold 460,396 shares of company stock valued at $38,645,569 over the last quarter. Corporate insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Melius cut Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 target price for the company. in a research report on Tuesday, January 28th. Barclays upped their price objective on shares of Johnson Controls International from $85.00 to $90.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Wells Fargo & Company lifted their target price 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. UBS Group upped their price target on shares of Johnson Controls International from $103.00 to $116.00 and gave the company a "buy" rating in a report on Thursday. Finally, Citigroup dropped their price objective on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $96.12.

Johnson Controls International Trading Up 0.7%

Shares of NYSE JCI traded up $0.64 during midday trading on Thursday, reaching $97.85. 5,306,852 shares of the stock were exchanged, compared to its average volume of 4,305,566. Johnson Controls International plc has a 12 month low of $64.31 and a 12 month high of $98.51. The company has a market capitalization of $64.39 billion, a price-to-earnings ratio of 37.35, a P/E/G ratio of 1.96 and a beta of 1.28. 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 business has a 50-day simple moving average of $83.44 and a two-hundred day simple moving average of $82.69.

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

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Monday, March 24th. Johnson Controls International's dividend payout ratio is 39.47%.

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.