Johnson Controls International plc (NYSE:JCI) Shares Purchased by Legacy Bridge LLC

Legacy Bridge LLC increased its holdings in shares of Johnson Controls International plc (NYSE:JCI – Get Rating) by 1.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,201 shares of the company’s stock after purchasing an additional 311 shares during the quarter. Johnson Controls International accounts for about 1.1% of Legacy Bridge LLC’s investment portfolio, making the stock its 20th largest holding. Legacy Bridge LLC’s holdings in Johnson Controls International were worth $1,613,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in Johnson Controls International by 17.1% during the 3rd quarter. Victory Capital Management Inc. now owns 859,064 shares of the company’s stock worth $42,283,000 after purchasing an additional 125,229 shares in the last quarter. AdvisorNet Financial Inc increased its position in Johnson Controls International by 1.5% during the 3rd quarter. AdvisorNet Financial Inc now owns 38,329 shares of the company’s stock worth $1,887,000 after purchasing an additional 566 shares in the last quarter. Advisors Asset Management Inc. increased its position in Johnson Controls International by 16.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 9,659 shares of the company’s stock worth $475,000 after purchasing an additional 1,375 shares in the last quarter. Keybank National Association OH boosted its holdings in Johnson Controls International by 3.0% in the 3rd quarter. Keybank National Association OH now owns 40,163 shares of the company’s stock worth $1,977,000 after acquiring an additional 1,178 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new position in Johnson Controls International in the 3rd quarter worth approximately $2,171,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Barclays decreased their price target on Johnson Controls International from $75.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday, February 2nd. Deutsche Bank Aktiengesellschaft upped their price target on Johnson Controls International from $70.00 to $74.00 in a report on Monday, December 5th. Oppenheimer decreased their price target on Johnson Controls International from $76.00 to $72.00 and set an “outperform” rating for the company in a report on Thursday, February 2nd. Citigroup upped their price target on Johnson Controls International from $64.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, December 9th. Finally, StockNews.com began coverage on Johnson Controls International in a report on Thursday. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Johnson Controls International has an average rating of “Moderate Buy” and an average target price of $70.43.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $57.30 on Friday. Johnson Controls International plc has a 1-year low of $45.52 and a 1-year high of $69.60. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.02 and a quick ratio of 0.77. The business’s fifty day moving average price is $65.00 and its two-hundred day moving average price is $61.54. The firm has a market capitalization of $35.42 billion, a PE ratio of 31.14, a P/E/G ratio of 1.26 and a beta of 1.23.

Johnson Controls International (NYSE:JCI – Get Rating) last issued its earnings results on Wednesday, February 1st. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.01. Johnson Controls International had a return on equity of 12.51% and a net margin of 4.98%. The firm had revenue of $6.07 billion for the quarter, compared to analyst estimates of $6.25 billion. During the same period last year, the company earned $0.54 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, research analysts expect that Johnson Controls International plc will post 3.48 EPS for the current year.

Johnson Controls International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Monday, March 20th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.51%. This is a positive change from Johnson Controls International’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, March 17th. Johnson Controls International’s dividend payout ratio (DPR) is 76.09%.

Insider Activity

In other news, VP Daniel C. Mcconeghy sold 3,068 shares of the firm’s stock in a transaction on Friday, February 10th. The stock was sold at an average price of $64.43, for a total transaction of $197,671.24. Following the transaction, the vice president now directly owns 5,054 shares of the company’s stock, valued at $325,629.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.71% of the company’s stock.

Johnson Controls International Company Profile

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Johnson Controls International Plc engages in the provision of building products, energy solutions, integrated infrastructure and next generation transportation systems. Its technology and service capabilities include fire, security, HVAC, power solutions and energy storage to serve various end markets including large institutions, commercial buildings, retail, industrial, small business and residential.