Zurcher Kantonalbank Zurich Cantonalbank Buys 120 Shares of Johnson Controls International plc (NYSE:JCI)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Johnson Controls International plc (NYSE:JCI) by 0.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 230,936 shares of the company’s stock after purchasing an additional 120 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Johnson Controls International were worth $17,923,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JCI. Cetera Investment Advisers raised its holdings in Johnson Controls International by 470.9% during the 1st quarter. Cetera Investment Advisers now owns 157,980 shares of the company’s stock valued at $10,319,000 after buying an additional 130,308 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Johnson Controls International in the third quarter valued at about $7,692,000. CIBC Asset Management Inc raised its stake in shares of Johnson Controls International by 6.8% during the third quarter. CIBC Asset Management Inc now owns 117,328 shares of the company’s stock valued at $9,106,000 after acquiring an additional 7,433 shares during the last quarter. Nwam LLC purchased a new stake in shares of Johnson Controls International during the third quarter worth about $701,000. Finally, CWC Advisors LLC. bought a new stake in shares of Johnson Controls International in the third quarter worth about $892,000. Institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Oppenheimer upped their price target on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Robert W. Baird raised their price target on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Barclays lifted their price target on shares of Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Royal Bank of Canada upped their price objective on shares of Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Finally, Bank of America lifted their target price on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Twelve investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Johnson Controls International presently has a consensus rating of “Hold” and an average price target of $77.21.

Insider Activity

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the sale, the chief operating officer now directly owns 143,488 shares in the company, valued at approximately $10,438,752. This trade represents a 0.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO George Oliver sold 10,304 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $84.14, for a total transaction of $866,978.56. Following the completion of the transaction, the chief executive officer now owns 1,166,992 shares in the company, valued at approximately $98,190,706.88. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 741,829 shares of company stock worth $59,952,007 over the last three months. 0.69% of the stock is currently owned by corporate insiders.

Johnson Controls International Stock Performance

Johnson Controls International stock opened at $83.86 on Friday. Johnson Controls International plc has a twelve month low of $51.70 and a twelve month high of $87.16. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $55.53 billion, a P/E ratio of 33.02, a PEG ratio of 2.34 and a beta of 1.29. The stock’s 50 day moving average is $79.17 and its 200 day moving average is $73.02.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were paid a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.76%. Johnson Controls International’s dividend payout ratio is currently 58.27%.

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.