Pictet Asset Management Holding SA Raises Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Pictet Asset Management Holding SA boosted its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 24.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,589,764 shares of the company’s stock after purchasing an additional 512,770 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.39% of Johnson Controls International worth $204,410,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Great Valley Advisor Group Inc. bought a new position in shares of Johnson Controls International during the third quarter worth about $200,000. Cerity Partners LLC increased its holdings in shares of Johnson Controls International by 35.9% in the 3rd quarter. Cerity Partners LLC now owns 56,493 shares of the company’s stock valued at $4,385,000 after acquiring an additional 14,925 shares during the last quarter. Kingsview Wealth Management LLC raised its position in shares of Johnson Controls International by 25.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 5,436 shares of the company’s stock valued at $422,000 after acquiring an additional 1,099 shares in the last quarter. Larson Financial Group LLC lifted its stake in Johnson Controls International by 169.3% during the third quarter. Larson Financial Group LLC now owns 738 shares of the company’s stock worth $57,000 after purchasing an additional 464 shares during the last quarter. Finally, Townsquare Capital LLC boosted its holdings in Johnson Controls International by 29.9% in the third quarter. Townsquare Capital LLC now owns 14,101 shares of the company’s stock worth $1,094,000 after purchasing an additional 3,247 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Stock Down 3.1 %

JCI stock opened at $79.64 on Friday. The firm’s 50-day moving average is $82.95 and its two-hundred day moving average is $80.50. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $52.57 billion, a price-to-earnings ratio of 30.40, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a 52 week low of $59.83 and a 52 week high of $91.14.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping 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%. On average, analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International’s dividend payout ratio (DPR) is presently 56.49%.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 1,950 shares of the company’s stock in a transaction 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 transaction, the vice president now owns 24,803 shares of the company’s stock, valued at approximately $2,175,967.19. This represents a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the sale, the vice president now directly owns 148,346 shares of the company’s stock, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 905,864 shares of company stock valued at $77,824,710. 0.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on JCI shares. Royal Bank of Canada raised their price target on shares of Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Citigroup decreased their target price on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Wells Fargo & Company increased their price target on Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Melius lowered Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective for the company. in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. increased their target price on Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Johnson Controls International currently has an average rating of “Moderate Buy” and an average price target of $91.27.

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.