Reaves W H & Co. Inc. Buys New Position in Johnson Controls International plc (NYSE:JCI)

Reaves W H & Co. Inc. bought a new stake in Johnson Controls International plc (NYSE:JCI) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 42,749 shares of the company’s stock, valued at approximately $3,374,000.

Other large investors have also recently made changes to their positions in the company. Compass Financial Services Inc acquired a new stake in shares of Johnson Controls International in the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. purchased a new stake in Johnson Controls International during the 4th quarter valued at approximately $29,000. Synergy Asset Management LLC purchased a new stake in Johnson Controls International during the 4th quarter valued at approximately $42,000. ST Germain D J Co. Inc. raised its stake in Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after acquiring an additional 134 shares during the last quarter. Finally, Western Pacific Wealth Management LP purchased a new stake in Johnson Controls International during the 3rd quarter valued at approximately $44,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JCI has been the subject of several analyst reports. Melius downgraded Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective for the company. in a research note on Tuesday, January 28th. Citigroup reduced their price objective 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. Robert W. Baird upped their price objective on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Wells Fargo & Company upped their price objective on Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, UBS Group raised Johnson Controls International from a “neutral” rating to a “buy” rating and increased their target price for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.13.

Johnson Controls International Stock Performance

JCI opened at $82.48 on Tuesday. The stock has a market cap of $54.45 billion, a P/E ratio of 31.48, a P/E/G ratio of 1.96 and a beta of 1.32. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The stock’s 50 day simple moving average is $82.48 and its 200 day simple moving average is $79.24. Johnson Controls International plc has a 1-year low of $59.83 and a 1-year high of $91.14.

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, 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%. As a group, equities analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s dividend payout ratio is currently 56.49%.

Insider Buying and Selling

In other Johnson Controls International news, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction on 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 approximately $11,339,568.24. This represents a 0.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Oliver sold 205,168 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $88.03, for a total value of $18,060,939.04. Following the sale, the chief executive officer now owns 1,260,527 shares in the company, valued at approximately $110,964,191.81. This trade represents a 14.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 837,777 shares of company stock worth $72,867,455 in the last quarter. Company insiders own 0.54% of the company’s stock.

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.