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

TCW Group Inc. increased its position in Johnson Controls International plc (NYSE:JCI) by 16.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 860,544 shares of the company’s stock after acquiring an additional 119,714 shares during the quarter. TCW Group Inc.’s holdings in Johnson Controls International were worth $67,923,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of JCI. Private Advisor Group LLC boosted its stake in Johnson Controls International by 7.9% in the 3rd quarter. Private Advisor Group LLC now owns 25,087 shares of the company’s stock worth $1,947,000 after purchasing an additional 1,833 shares in the last quarter. International Assets Investment Management LLC bought a new position in Johnson Controls International during the 3rd quarter valued at about $7,692,000. Assenagon Asset Management S.A. lifted its stake in Johnson Controls International by 14.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 26,762 shares of the company’s stock valued at $2,077,000 after acquiring an additional 3,334 shares during the period. Dakota Wealth Management bought a new position in Johnson Controls International during the 3rd quarter valued at about $220,000. Finally, Ballentine Partners LLC lifted its stake in Johnson Controls International by 5.9% during the 3rd quarter. Ballentine Partners LLC now owns 12,431 shares of the company’s stock valued at $965,000 after acquiring an additional 691 shares during the period. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Trading Down 4.1 %

Johnson Controls International stock opened at $85.23 on Friday. The firm has a 50 day moving average of $82.06 and a 200 day moving average of $78.47. The firm has a market capitalization of $56.26 billion, a price-to-earnings ratio of 32.53, a P/E/G 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. 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 released its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. As a group, research analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s dividend payout ratio is 56.49%.

Insider Buying and Selling

In other Johnson Controls International news, EVP Marlon Sullivan sold 7,230 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were 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 of the company’s stock, valued at $2,687,704.10. This trade represents a 18.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO George Oliver sold 162,894 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $89.28, for a total transaction 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 approximately $107,483,567.04. This trade represents a 11.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 719,004 shares of company stock valued at $62,950,067. 0.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on JCI. Barclays upped their target price on shares of Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Melius cut shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price on the stock. in a research note on Tuesday, January 28th. Melius Research restated a “hold” rating and set a $95.00 target price on shares of Johnson Controls International in a research note on Tuesday, January 28th. UBS Group upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and upped their target price for the company from $90.00 to $103.00 in a research note on Monday, February 10th. Finally, Citigroup lowered 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. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.13.

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.