Parallel Advisors LLC Boosts Holdings in Johnson Controls International plc (NYSE:JCI)

Parallel Advisors LLC lifted its stake in Johnson Controls International plc (NYSE:JCI) by 11.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,986 shares of the company’s stock after purchasing an additional 828 shares during the quarter. Parallel Advisors LLC’s holdings in Johnson Controls International were worth $630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Compass Financial Services Inc purchased a new position in shares of Johnson Controls International in the 4th quarter worth about $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Johnson Controls International in the 4th quarter worth about $29,000. Synergy Asset Management LLC bought a new stake in Johnson Controls International in the 4th quarter worth about $42,000. ST Germain D J Co. Inc. increased its holdings in Johnson Controls International by 32.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after buying an additional 134 shares in the last quarter. Finally, Gables Capital Management Inc. increased its holdings in Johnson Controls International by 132.0% in the 4th quarter. Gables Capital Management Inc. now owns 580 shares of the company’s stock worth $46,000 after buying an additional 330 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Trading Up 0.4 %

Shares of NYSE:JCI opened at $83.22 on Friday. The stock has a 50 day moving average of $82.62 and a 200 day moving average of $79.97. The company has a market cap of $54.93 billion, a PE ratio of 31.76, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. 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 plc has a 12-month low of $59.83 and a 12-month high of $91.14.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. As a group, equities research analysts expect that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be paid a dividend of $0.37 per share. The ex-dividend date is Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.78%. Johnson Controls International’s dividend payout ratio (DPR) is presently 56.49%.

Insider Buying and Selling

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 stock was sold at an average price of $77.49, for a total value of $1,214,190.81. Following the transaction, the director now directly owns 1,003,893 shares of the company’s stock, valued at approximately $77,791,668.57. The trade was a 1.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $87.73, for a total value of $171,073.50. Following the completion of the transaction, the vice president now directly owns 24,803 shares in the company, valued at approximately $2,175,967.19. This represents a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 905,864 shares of company stock valued at $77,824,710. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on JCI. Royal Bank of Canada lifted their price objective on Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Citigroup reduced their price objective on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Monday, January 13th. UBS Group upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $90.00 to $103.00 in a report on Monday, February 10th. Barclays reduced their price objective on Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Monday, March 10th. Finally, Morgan Stanley lifted their price objective on Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Johnson Controls International presently has an average rating of “Moderate Buy” and an average price target of $91.27.

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.