Nuveen Asset Management LLC Purchases 1,012,067 Shares of Johnson Controls International plc (NYSE:JCI)

Nuveen Asset Management LLC boosted its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 65.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,560,645 shares of the company's stock after acquiring an additional 1,012,067 shares during the period. Nuveen Asset Management LLC owned about 0.39% of Johnson Controls International worth $202,112,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Compass Financial Services Inc acquired a new position in shares of Johnson Controls International during the fourth quarter valued at $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Johnson Controls International during the fourth quarter valued at $29,000. Crowley Wealth Management Inc. acquired a new position in shares of Johnson Controls International during the fourth quarter valued at $42,000. Synergy Asset Management LLC acquired a new position in shares of Johnson Controls International during the fourth quarter valued at $42,000. Finally, Gables Capital Management Inc. boosted its holdings in shares of Johnson Controls International by 132.0% during the fourth quarter. Gables Capital Management Inc. now owns 580 shares of the company's stock valued at $46,000 after acquiring an additional 330 shares during the period. Institutional investors own 90.05% of the company's stock.

Johnson Controls International Price Performance

NYSE:JCI traded down $0.14 during mid-day trading on Monday, hitting $97.79. 3,201,333 shares of the stock traded hands, compared to its average volume of 4,365,465. 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 12-month low of $64.31 and a 12-month high of $98.32. The company has a market cap of $64.35 billion, a PE ratio of 37.32, a price-to-earnings-growth ratio of 1.96 and a beta of 1.28. The business's 50-day moving average price is $82.31 and its 200 day moving average price is $82.33.

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 the consensus estimate 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 company had revenue of $5.68 billion for the quarter, compared to analysts' expectations of $5.64 billion. During the same period last year, the firm earned $0.78 earnings per share. Johnson Controls International's quarterly revenue was up 1.4% on a year-over-year basis. On average, 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. Shareholders of record on Monday, March 24th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Monday, March 24th. Johnson Controls International's dividend payout ratio is 39.47%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Vertical Research upgraded Johnson Controls International from a "hold" rating to a "buy" rating and set a $105.00 price target for the company in a research report on Thursday, May 8th. Robert W. Baird increased their target price on shares of Johnson Controls International from $84.00 to $90.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Morgan Stanley raised their target price on shares of Johnson Controls International from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. UBS Group raised shares of Johnson Controls International from a "neutral" rating to a "buy" rating and raised their target price for the company from $90.00 to $103.00 in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. raised their target price on shares of Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a research note on Friday. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Johnson Controls International has an average rating of "Moderate Buy" and an average price target of $95.35.

Insiders Place Their Bets

In related news, Director George Oliver sold 15,669 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $77.49, for a total transaction of $1,214,190.81. Following the completion of the sale, the director now directly owns 1,003,893 shares in the company, valued at approximately $77,791,668.57. The trade was a 1.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $79.72, for a total transaction of $113,361.84. Following the sale, the vice president now owns 145,502 shares of the company's stock, valued at $11,599,419.44. This trade represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 460,396 shares of company stock valued at $38,645,569. Insiders own 0.54% of the company's stock.

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.