UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Position in Johnson Controls International plc (NYSE:JCI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 14.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,168,593 shares of the company's stock after acquiring an additional 777,031 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.93% of Johnson Controls International worth $486,887,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Gilbert & Cook Inc. raised its holdings in Johnson Controls International by 2.0% during the 4th quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company's stock valued at $510,000 after buying an additional 127 shares during the period. Jackson Hole Capital Partners LLC raised its holdings in Johnson Controls International by 0.7% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company's stock valued at $1,470,000 after buying an additional 127 shares during the period. Catalyst Financial Partners LLC raised its holdings in Johnson Controls International by 4.8% during the 4th quarter. Catalyst Financial Partners LLC now owns 3,154 shares of the company's stock valued at $249,000 after buying an additional 144 shares during the period. Avidian Wealth Enterprises LLC raised its holdings in Johnson Controls International by 4.6% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 3,427 shares of the company's stock valued at $270,000 after buying an additional 150 shares during the period. Finally, Kestra Investment Management LLC raised its holdings in Johnson Controls International by 2.4% during the 4th quarter. Kestra Investment Management LLC now owns 6,439 shares of the company's stock valued at $508,000 after buying an additional 151 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on JCI. Wells Fargo & Company increased their price target on Johnson Controls International from $82.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Oppenheimer increased their target price on Johnson Controls International from $90.00 to $96.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Barclays increased their target price on Johnson Controls International from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft upgraded 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 note on Monday, May 12th. Finally, Melius Research reiterated a "hold" rating and issued a $95.00 target price on shares of Johnson Controls International in a research note on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $96.12.

Insider Buying and Selling

In related news, Director George Oliver sold 100,000 shares of Johnson Controls International stock in a transaction that occurred on Friday, May 9th. The stock was 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 trade represents a 9.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of Johnson Controls International stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $90.92, for a total value of $2,572,035.88. Following the transaction, the chief financial officer now owns 147,673 shares of the company's stock, valued at approximately $13,426,429.16. This represents a 16.08% decrease in their ownership of the stock. 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. 0.54% of the stock is currently owned by company insiders.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock traded up $0.11 on Friday, reaching $98.04. 3,224,529 shares of the stock were exchanged, compared to its average volume of 4,281,509. The company has a quick ratio of 0.86, a current ratio of 1.02 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 $98.53. The firm has a market capitalization of $64.51 billion, a price-to-earnings ratio of 37.42, a PEG ratio of 1.96 and a beta of 1.28. The business has a 50 day moving average price of $84.10 and a two-hundred day moving average price of $83.02.

Johnson Controls International (NYSE:JCI - Get Free Report) last released 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 return on equity of 15.11% and a net margin of 6.83%. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company's revenue was up 1.4% compared to the same quarter last year. Analysts anticipate 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 issued 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 39.47%.

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.