Invesco Ltd. Buys 2,150,573 Shares of Johnson Controls International plc (NYSE:JCI)

Invesco Ltd. increased its position in Johnson Controls International plc (NYSE:JCI) by 13.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,407,597 shares of the company’s stock after acquiring an additional 2,150,573 shares during the quarter. Invesco Ltd. owned about 2.79% of Johnson Controls International worth $1,452,912,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Gilbert & Cook Inc. increased its holdings in shares of Johnson Controls International by 2.0% in the fourth quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company’s stock worth $510,000 after purchasing an additional 127 shares during the period. Jackson Hole Capital Partners LLC raised its holdings in shares of Johnson Controls International by 0.7% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company’s stock valued at $1,470,000 after acquiring an additional 127 shares in the last quarter. Graypoint LLC boosted its position in shares of Johnson Controls International by 4.1% during the 4th quarter. Graypoint LLC now owns 3,277 shares of the company’s stock valued at $259,000 after acquiring an additional 130 shares during the last quarter. ST Germain D J Co. Inc. grew its holdings in shares of Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after purchasing an additional 134 shares in the last quarter. Finally, Brooklyn Investment Group increased its position in shares of Johnson Controls International by 3.1% in the fourth quarter. Brooklyn Investment Group now owns 4,444 shares of the company’s stock worth $351,000 after purchasing an additional 135 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on JCI shares. Barclays cut their price target on shares of Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Monday, March 10th. UBS Group upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and raised their price target for the company from $90.00 to $103.00 in a research report on Monday, February 10th. Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research report on Friday, December 20th. JPMorgan Chase & Co. boosted 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. Finally, Melius Research reiterated a “hold” rating and set a $95.00 price target on shares of Johnson Controls International in a research report on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $91.27.

Insiders Place Their Bets

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 1,950 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the completion of the transaction, the vice president now owns 24,803 shares of the company’s stock, valued at approximately $2,175,967.19. This trade represents a 7.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Oliver sold 162,894 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $89.28, for a total value of $14,543,176.32. Following the transaction, the chief executive officer now directly owns 1,203,893 shares of the company’s stock, valued at approximately $107,483,567.04. This trade represents a 11.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 907,286 shares of company stock worth $77,938,071. Company insiders own 0.54% of the company’s stock.

Johnson Controls International Trading Down 7.0 %

NYSE JCI opened at $71.84 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. Johnson Controls International plc has a fifty-two week low of $59.83 and a fifty-two week high of $91.14. The stock has a market cap of $47.42 billion, a P/E ratio of 27.42, a price-to-earnings-growth ratio of 1.96 and a beta of 1.22. The stock has a 50 day simple moving average of $82.63 and a two-hundred day simple moving average of $80.87.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. On average, analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 annualized dividend and a yield of 2.06%. Johnson Controls International’s payout ratio is 56.49%.

About Johnson Controls International

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.