TCW Group Inc. Buys 119,714 Shares of Johnson Controls International plc (NYSE:JCI)

TCW Group Inc. raised its stake in shares of Johnson Controls International plc (NYSE:JCI) by 16.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 860,544 shares of the company’s stock after purchasing an additional 119,714 shares during the quarter. TCW Group Inc. owned 0.13% of Johnson Controls International worth $67,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Compass Financial Services Inc bought a new stake in shares of Johnson Controls International in the 4th quarter worth approximately $26,000. Fortitude Family Office LLC lifted its holdings in shares of Johnson Controls International by 195.8% in the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after acquiring an additional 278 shares during the last quarter. Synergy Asset Management LLC bought a new stake in shares of Johnson Controls International in the 4th quarter worth approximately $42,000. ST Germain D J Co. Inc. lifted its holdings in shares of 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 acquiring an additional 134 shares during the last quarter. Finally, Western Pacific Wealth Management LP bought a new stake in shares of Johnson Controls International in the 3rd quarter worth approximately $44,000. 90.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. UBS Group upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $90.00 to $103.00 in a report on Monday, February 10th. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Friday, December 20th. Citigroup decreased their target price on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Finally, Morgan Stanley lifted their target price on shares of Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $91.13.

Insider Transactions at Johnson Controls International

In other news, CEO George Oliver sold 162,894 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,203,893 shares of the company’s stock, valued at $107,483,567.04. This represents a 11.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the completion of the sale, the executive vice president now directly owns 32,246 shares in the company, valued at $2,687,704.10. This represents a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 719,004 shares of company stock valued at $62,950,067 in the last three months. 0.54% of the stock is currently owned by company insiders.

Johnson Controls International Stock Down 4.1 %

Shares of Johnson Controls International stock opened at $85.23 on Friday. 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’s fifty day simple moving average is $82.06 and its two-hundred day simple moving average is $78.47. The company has a market cap of $56.26 billion, a P/E ratio of 32.53, a PEG ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a 12-month low of $57.78 and a 12-month high of $91.14.

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

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s dividend payout ratio is presently 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.