Victory Capital Management Inc. Acquires 125,229 Shares of Johnson Controls International plc (NYSE:JCI)

Victory Capital Management Inc. lifted its holdings in shares of Johnson Controls International plc (NYSE:JCIGet Rating) by 17.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 859,064 shares of the company’s stock after purchasing an additional 125,229 shares during the quarter. Victory Capital Management Inc. owned 0.12% of Johnson Controls International worth $42,283,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in JCI. Dodge & Cox increased its stake in Johnson Controls International by 4.1% in the second quarter. Dodge & Cox now owns 64,777,731 shares of the company’s stock valued at $3,101,558,000 after acquiring an additional 2,523,244 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Johnson Controls International by 8.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 39,378,387 shares of the company’s stock valued at $1,885,438,000 after acquiring an additional 2,964,780 shares during the last quarter. Franklin Resources Inc. increased its stake in Johnson Controls International by 27.5% in the second quarter. Franklin Resources Inc. now owns 17,146,311 shares of the company’s stock valued at $820,965,000 after acquiring an additional 3,701,376 shares during the last quarter. FMR LLC increased its stake in Johnson Controls International by 7.9% in the second quarter. FMR LLC now owns 5,897,288 shares of the company’s stock valued at $282,361,000 after acquiring an additional 429,393 shares during the last quarter. Finally, Capital World Investors increased its stake in Johnson Controls International by 3.7% in the first quarter. Capital World Investors now owns 5,209,561 shares of the company’s stock valued at $341,591,000 after acquiring an additional 187,923 shares during the last quarter. 88.76% of the stock is owned by institutional investors.

Johnson Controls International Price Performance

JCI stock opened at $66.05 on Friday. The firm has a market cap of $45.36 billion, a price-to-earnings ratio of 29.89, a PEG ratio of 1.40 and a beta of 1.21. The company has a quick ratio of 0.82, a current ratio of 1.04 and a debt-to-equity ratio of 0.43. Johnson Controls International plc has a 12-month low of $45.52 and a 12-month high of $75.20. The company’s fifty day simple moving average is $65.93 and its 200 day simple moving average is $58.30.

Johnson Controls International (NYSE:JCIGet Rating) last released its earnings results on Thursday, November 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.78 billion. Johnson Controls International had a net margin of 6.06% and a return on equity of 11.83%. On average, analysts expect that Johnson Controls International plc will post 3.49 earnings per share for the current year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Monday, December 19th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Friday, December 16th. Johnson Controls International’s dividend payout ratio (DPR) is currently 63.35%.

Analysts Set New Price Targets

A number of brokerages have weighed in on JCI. StockNews.com upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Tuesday, January 10th. Royal Bank of Canada raised their target price on shares of Johnson Controls International from $53.00 to $61.00 in a research report on Friday, November 4th. Morgan Stanley raised their target price on shares of Johnson Controls International from $67.00 to $73.00 and gave the company an “overweight” rating in a research report on Friday, January 6th. Barclays raised their target price on shares of Johnson Controls International from $73.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, January 5th. Finally, The Goldman Sachs Group lifted their price target on shares of Johnson Controls International from $68.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 4th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.14.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, EVP Michael J. Ellis sold 28,825 shares of Johnson Controls International stock in a transaction on Monday, December 12th. The shares were sold at an average price of $65.15, for a total value of $1,877,948.75. Following the completion of the sale, the executive vice president now directly owns 8,101 shares of the company’s stock, valued at $527,780.15. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Michael J. Ellis sold 1,194 shares of the business’s stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $66.16, for a total transaction of $78,995.04. Following the completion of the sale, the executive vice president now directly owns 11,902 shares of the company’s stock, valued at $787,436.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael J. Ellis sold 28,825 shares of the business’s stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $65.15, for a total transaction of $1,877,948.75. Following the sale, the executive vice president now directly owns 8,101 shares of the company’s stock, valued at $527,780.15. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Johnson Controls International Profile

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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.

Further Reading

Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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