Bank Pictet & Cie Europe AG Boosts Stock Position in Johnson Controls International plc (NYSE:JCI)

Bank Pictet & Cie Europe AG lifted its position in Johnson Controls International plc (NYSE:JCI) by 67.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,569 shares of the company’s stock after acquiring an additional 35,655 shares during the period. Bank Pictet & Cie Europe AG’s holdings in Johnson Controls International were worth $6,991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Johnson Controls International by 1.1% in the third quarter. State Street Corp now owns 27,939,766 shares of the company’s stock worth $2,178,595,000 after acquiring an additional 300,712 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Johnson Controls International by 3.4% in the third quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company’s stock worth $1,187,084,000 after acquiring an additional 509,293 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Johnson Controls International by 0.5% in the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock worth $1,041,822,000 after acquiring an additional 71,493 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Johnson Controls International by 514.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock worth $418,439,000 after acquiring an additional 4,514,792 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in shares of Johnson Controls International by 5.6% in the third quarter. Raymond James & Associates now owns 4,735,147 shares of the company’s stock worth $367,495,000 after acquiring an additional 249,405 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $89.83 on Friday. Johnson Controls International plc has a 52 week low of $56.28 and a 52 week high of $89.95. The business’s fifty day simple moving average is $81.39 and its 200-day simple moving average is $77.54. The firm has a market cap of $59.30 billion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 2.48 and a beta of 1.32. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. Equities analysts forecast that Johnson Controls International plc will post 3.52 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were issued a $0.37 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.65%. Johnson Controls International’s dividend payout ratio is presently 56.49%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on JCI shares. JPMorgan Chase & Co. lifted their price target on Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Citigroup lowered their price objective on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Melius lowered Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective on the stock. in a research note on Tuesday, January 28th. Wells Fargo & Company boosted their price objective on Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Oppenheimer boosted their price objective on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.13.

Insider Activity at Johnson Controls International

In related news, CEO George Oliver sold 224,152 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total value of $18,541,853.44. Following the sale, the chief executive officer now owns 1,166,992 shares in the company, valued at approximately $96,533,578.24. The trade was a 16.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total value of $171,073.50. Following the completion of the sale, the vice president now owns 24,803 shares in the company, valued at $2,175,967.19. This represents a 7.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,113,772 shares of company stock worth $95,772,462. 0.54% of the stock is currently owned by company insiders.

Johnson Controls International 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.