Charles Schwab Investment Management Inc. Grows Holdings in Johnson Controls International plc (NYSE:JCI)

Charles Schwab Investment Management Inc. lifted its stake in shares of Johnson Controls International plc (NYSE:JCI) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,821,472 shares of the company’s stock after buying an additional 133,265 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Johnson Controls International were worth $220,270,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in JCI. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Johnson Controls International in the 4th quarter worth approximately $25,000. NBC Securities Inc. acquired a new position in Johnson Controls International in the third quarter worth $26,000. Hexagon Capital Partners LLC boosted its holdings in shares of Johnson Controls International by 114.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 503 shares of the company’s stock valued at $29,000 after buying an additional 268 shares during the period. Headinvest LLC bought a new stake in shares of Johnson Controls International during the 3rd quarter valued at about $30,000. Finally, West Paces Advisors Inc. acquired a new stake in Johnson Controls International during the third quarter worth about $31,000. Institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Barclays decreased their target price on Johnson Controls International from $61.00 to $59.00 and set an “equal weight” rating for the company in a research note on Thursday, May 2nd. Argus downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 20th. Citigroup raised their target price on Johnson Controls International from $59.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Oppenheimer reduced their price target on shares of Johnson Controls International from $71.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. Finally, UBS Group cut shares of Johnson Controls International from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $74.00 to $68.00 in a report on Monday. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $63.00.

Insider Activity at Johnson Controls International

In other news, Director Juergen Tinggren sold 4,000 shares of Johnson Controls International stock in a transaction on Monday, May 6th. The stock was sold at an average price of $62.31, for a total transaction of $249,240.00. Following the transaction, the director now owns 30,120 shares in the company, valued at $1,876,777.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $62.86, for a total value of $188,580.00. Following the sale, the chief operating officer now directly owns 106,891 shares in the company, valued at $6,719,168.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Juergen Tinggren sold 4,000 shares of Johnson Controls International stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $62.31, for a total value of $249,240.00. Following the transaction, the director now owns 30,120 shares in the company, valued at approximately $1,876,777.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,930 shares of company stock worth $496,328. 0.69% of the stock is owned by corporate insiders.

Johnson Controls International Stock Up 1.2 %

JCI opened at $65.24 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.65 and a current ratio of 0.87. The company has a market capitalization of $43.95 billion, a PE ratio of 26.41, a P/E/G ratio of 1.59 and a beta of 1.23. The stock’s fifty day moving average is $63.51 and its 200-day moving average is $57.51. Johnson Controls International plc has a one year low of $47.90 and a one year high of $70.43.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.51 billion. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. Johnson Controls International’s revenue was down 6.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.75 EPS. On average, equities analysts predict that Johnson Controls International plc will post 3.61 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Monday, March 25th were issued a dividend of $0.37 per share. The ex-dividend date was Friday, March 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.27%. Johnson Controls International’s dividend payout ratio is currently 59.92%.

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.