Amundi increased its holdings in shares of Johnson Controls International plc (NYSE:JCI – Free Report) by 6.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,034,560 shares of the company’s stock after acquiring an additional 303,183 shares during the quarter. Amundi owned approximately 0.77% of Johnson Controls International worth $520,263,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Johnson Controls International by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 69,365,463 shares of the company’s stock worth $7,326,380,000 after purchasing an additional 920,777 shares during the last quarter. Franklin Resources Inc. increased its position in Johnson Controls International by 3.0% in the second quarter. Franklin Resources Inc. now owns 23,223,902 shares of the company’s stock worth $2,452,909,000 after buying an additional 675,862 shares during the period. Fisher Asset Management LLC lifted its stake in Johnson Controls International by 2.7% in the second quarter. Fisher Asset Management LLC now owns 16,604,983 shares of the company’s stock valued at $1,753,818,000 after buying an additional 430,437 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Johnson Controls International by 0.8% during the second quarter. Geode Capital Management LLC now owns 14,285,011 shares of the company’s stock valued at $1,501,266,000 after acquiring an additional 120,078 shares during the period. Finally, Norges Bank bought a new position in shares of Johnson Controls International during the second quarter worth about $795,325,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.
Johnson Controls International Stock Performance
JCI opened at $114.20 on Friday. The firm has a market cap of $69.79 billion, a PE ratio of 22.44, a P/E/G ratio of 1.37 and a beta of 1.41. The company has a quick ratio of 0.76, a current ratio of 0.93 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $113.17 and a 200-day simple moving average of $107.95. Johnson Controls International plc has a fifty-two week low of $68.03 and a fifty-two week high of $123.78.
Johnson Controls International Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 22nd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.4%. Johnson Controls International’s dividend payout ratio is currently 31.43%.
Analysts Set New Price Targets
Several analysts recently weighed in on JCI shares. Argus reiterated a “buy” rating and issued a $145.00 price objective on shares of Johnson Controls International in a research report on Friday, November 7th. Royal Bank Of Canada lifted their price target on Johnson Controls International from $116.00 to $135.00 and gave the company a “sector perform” rating in a report on Thursday, November 6th. UBS Group reissued a “buy” rating and issued a $124.00 price objective on shares of Johnson Controls International in a report on Thursday, November 6th. HSBC lifted their target price on Johnson Controls International from $79.00 to $127.00 and gave the company a “hold” rating in a research note on Monday, November 24th. Finally, The Goldman Sachs Group increased their price target on Johnson Controls International from $124.00 to $142.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Ten research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $121.32.
View Our Latest Analysis on JCI
Insider Activity at Johnson Controls International
In other news, VP Lei Zhang Schlitz sold 32,031 shares of Johnson Controls International stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $113.20, for a total value of $3,625,909.20. Following the transaction, the vice president directly owned 66,780 shares of the company’s stock, valued at $7,559,496. This trade represents a 32.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.54% of the stock is currently owned by insiders.
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.
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