ProShare Advisors LLC Has $7.63 Million Stock Position in Johnson Controls International plc (NYSE:JCI)

ProShare Advisors LLC lifted its position in shares of Johnson Controls International plc (NYSE:JCI) by 14.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 96,667 shares of the company’s stock after acquiring an additional 12,055 shares during the quarter. ProShare Advisors LLC’s holdings in Johnson Controls International were worth $7,630,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Compass Financial Services Inc acquired a new position in Johnson Controls International during the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Johnson Controls International during the fourth quarter worth approximately $29,000. Crowley Wealth Management Inc. acquired a new position in Johnson Controls International in the fourth quarter valued at approximately $42,000. Synergy Asset Management LLC bought a new position in Johnson Controls International in the fourth quarter valued at approximately $42,000. Finally, Gables Capital Management Inc. grew its holdings in Johnson Controls International by 132.0% during the 4th quarter. Gables Capital Management Inc. now owns 580 shares of the company’s stock worth $46,000 after acquiring an additional 330 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In related news, Director George Oliver sold 100,000 shares of the firm’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $91.70, for a total value of $9,170,000.00. Following the completion of the sale, the director now directly owns 904,305 shares in the company, valued at approximately $82,924,768.50. This trade represents a 9.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $86.91, for a total value of $123,586.02. Following the transaction, the vice president now owns 144,704 shares of the company’s stock, valued at $12,576,224.64. The trade was a 0.97% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 460,396 shares of company stock valued at $38,645,569. 0.54% of the stock is owned by corporate insiders.

Johnson Controls International Price Performance

JCI stock opened at $97.89 on Friday. The stock has a 50-day moving average price of $82.31 and a two-hundred day moving average price of $82.28. Johnson Controls International plc has a 1 year low of $64.31 and a 1 year high of $97.95. The stock has a market cap of $64.42 billion, a PE ratio of 37.36, a price-to-earnings-growth ratio of 1.96 and a beta of 1.28. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same period last year, the company earned $0.78 earnings per share. Johnson Controls International’s quarterly revenue was up 1.4% on a year-over-year basis. Equities analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were paid a $0.37 dividend. The ex-dividend date was Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a yield of 1.51%. Johnson Controls International’s dividend payout ratio is 39.47%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on JCI. Barclays increased their price target on Johnson Controls International from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday. Morgan Stanley raised their target price on Johnson Controls International from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. Royal Bank of Canada boosted their target price on Johnson Controls International from $82.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 8th. UBS Group upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and increased their price target for the company from $90.00 to $103.00 in a research report on Monday, February 10th. Finally, Vertical Research upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a report on Thursday, May 8th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Johnson Controls International currently has an average rating of “Moderate Buy” and a consensus target price of $95.35.

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.