26,046 Shares in Johnson Controls International plc (NYSE:JCI) Bought by Sciencast Management LP

Sciencast Management LP purchased a new stake in shares of Johnson Controls International plc (NYSE:JCI) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 26,046 shares of the company’s stock, valued at approximately $2,056,000.

Several other hedge funds have also added to or reduced their stakes in JCI. Thrivent Financial for Lutherans grew its stake in shares of Johnson Controls International by 15.1% in the third quarter. Thrivent Financial for Lutherans now owns 39,279 shares of the company’s stock worth $3,049,000 after purchasing an additional 5,152 shares during the last quarter. Pathstone Holdings LLC increased its stake in shares of Johnson Controls International by 2.4% in the third quarter. Pathstone Holdings LLC now owns 61,247 shares of the company’s stock valued at $4,754,000 after buying an additional 1,411 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Johnson Controls International by 3.7% in the third quarter. PNC Financial Services Group Inc. now owns 350,202 shares of the company’s stock worth $27,179,000 after acquiring an additional 12,568 shares during the period. Commerce Bank boosted its holdings in Johnson Controls International by 0.8% in the third quarter. Commerce Bank now owns 22,984 shares of the company’s stock valued at $1,784,000 after acquiring an additional 186 shares during the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new stake in Johnson Controls International during the 3rd quarter valued at approximately $219,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $82.64 on Friday. The company has a 50-day moving average price of $82.70 and a two-hundred day moving average price of $80.04. Johnson Controls International plc has a twelve month low of $59.83 and a twelve month high of $91.14. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $54.55 billion, a PE ratio of 31.54, a P/E/G ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last issued its earnings results 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 net margin of 6.83% and a return on equity of 15.11%. Equities analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International’s dividend payout ratio is presently 56.49%.

Insiders Place Their Bets

In other Johnson Controls International news, VP Nathan D. Manning sold 1,421 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $76.44, for a total transaction of $108,621.24. Following the sale, the vice president now owns 148,346 shares in the company, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director George Oliver sold 15,669 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now owns 1,003,893 shares of the company’s stock, valued at $77,791,668.57. The trade was a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 905,864 shares of company stock worth $77,824,710 in the last three months. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on JCI shares. Wells Fargo & Company increased their price objective on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Friday, December 20th. Melius Research reiterated a “hold” rating and issued a $95.00 target price on shares of Johnson Controls International in a report on Tuesday, January 28th. JPMorgan Chase & Co. increased their price target on Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Morgan Stanley boosted their target price on shares of Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.27.

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.