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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Johnson Controls International plc (NYSE:JCI) by 14.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,168,593 shares of the company’s stock after buying an additional 777,031 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.93% of Johnson Controls International worth $486,887,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Compass Financial Services Inc purchased a new stake in shares of Johnson Controls International in the 4th quarter valued at approximately $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Johnson Controls International during the 4th quarter worth approximately $29,000. Synergy Asset Management LLC purchased a new position in shares of Johnson Controls International during the 4th quarter worth approximately $42,000. Crowley Wealth Management Inc. purchased a new position in shares of Johnson Controls International during the 4th quarter worth approximately $42,000. Finally, Gables Capital Management Inc. boosted its position in shares of Johnson Controls International by 132.0% during the 4th 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. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Activity

In related news, Director George Oliver sold 184,331 shares of Johnson Controls International stock in a transaction 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction on Tuesday, April 1st. The stock was 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 in the company, valued at $11,599,419.44. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 460,396 shares of company stock worth $38,645,569. 0.54% of the stock is currently owned by corporate insiders.

Johnson Controls International Price Performance

Shares of JCI opened at $97.61 on Wednesday. Johnson Controls International plc has a twelve month low of $64.31 and a twelve month high of $98.33. The firm’s fifty day simple moving average is $83.10 and its 200-day simple moving average is $82.59. The firm has a market capitalization of $64.23 billion, a price-to-earnings ratio of 37.26, a PEG ratio of 1.96 and a beta of 1.28. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. The business had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same period last year, the business earned $0.78 EPS. The company’s revenue was up 1.4% on a year-over-year basis. Equities analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were issued a $0.37 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.52%. Johnson Controls International’s payout ratio is 39.47%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on JCI shares. Robert W. Baird increased their price objective on shares of Johnson Controls International from $84.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $90.00 to $103.00 in a research report on Monday, February 10th. Melius Research reaffirmed a “hold” rating and set a $95.00 price objective on shares of Johnson Controls International in a research report on Tuesday, January 28th. Royal Bank of Canada increased their price objective on shares of Johnson Controls International from $82.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 8th. Finally, Vertical Research upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a report on Thursday, May 8th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Johnson Controls International currently has an average rating of “Moderate Buy” and a consensus price target of $95.35.

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.