NorthRock Partners LLC Raises Stock Position in Johnson Controls International plc (NYSE:JCI)

NorthRock Partners LLC raised its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 140.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,300 shares of the company's stock after acquiring an additional 5,431 shares during the quarter. NorthRock Partners LLC's holdings in Johnson Controls International were worth $734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Compass Financial Services Inc bought a new position in shares of Johnson Controls International in the fourth quarter worth $26,000. SBI Securities Co. Ltd. bought a new position in shares of Johnson Controls International in the fourth quarter worth $29,000. Crowley Wealth Management Inc. bought a new position in shares of Johnson Controls International in the fourth quarter worth $42,000. Synergy Asset Management LLC bought a new position in shares of Johnson Controls International in the fourth quarter worth $42,000. Finally, Gables Capital Management Inc. increased its holdings 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 period. Institutional investors own 90.05% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on JCI shares. Oppenheimer upped their price target on shares of Johnson Controls International from $90.00 to $96.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Melius lowered shares of 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 increased their price objective on Johnson Controls International from $85.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Citigroup decreased their price objective on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. upped their target price on Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a research note on Friday. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.35.

Johnson Controls International Stock Down 0.1%

Shares of NYSE:JCI traded down $0.14 during trading on Monday, hitting $97.79. The stock had a trading volume of 3,201,333 shares, compared to its average volume of 4,365,465. 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 capitalization of $64.35 billion, a PE ratio of 37.32, a PEG ratio of 1.96 and a beta of 1.28. The firm's fifty day moving average is $82.31 and its 200 day moving average is $82.33. 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 (NYSE:JCI - Get Free Report) last announced 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 firm had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same quarter in the prior year, the company earned $0.78 EPS. The business's revenue was up 1.4% compared to the same quarter last year. Analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors 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 (DPR) is currently 39.47%.

Insider Activity at Johnson Controls International

In related news, Director George Oliver sold 184,331 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $79.49, for a total transaction of $14,652,471.19. Following the completion of the sale, the director now owns 1,019,562 shares of the company's stock, valued at $81,044,983.38. This trade represents a 15.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $86.91, for a total transaction of $123,586.02. Following the sale, the vice president now directly owns 144,704 shares of the company's stock, valued at $12,576,224.64. This trade represents a 0.97% 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 90 days. Corporate insiders own 0.54% of the company's stock.

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.