First Trust Advisors LP boosted its stake in Johnson Controls International plc (NYSE:JCI – Free Report) by 23.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,519,724 shares of the company’s stock after purchasing an additional 665,782 shares during the quarter. First Trust Advisors LP owned about 0.54% of Johnson Controls International worth $386,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Johnson Controls International during the second quarter valued at about $795,325,000. Ameriprise Financial Inc. raised its holdings in shares of Johnson Controls International by 140.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock valued at $483,281,000 after buying an additional 2,675,157 shares in the last quarter. Nordea Investment Management AB lifted its position in Johnson Controls International by 1,545.8% in the 3rd quarter. Nordea Investment Management AB now owns 2,134,324 shares of the company’s stock worth $232,705,000 after buying an additional 2,004,643 shares during the last quarter. Viking Global Investors LP purchased a new stake in Johnson Controls International in the second quarter worth approximately $153,235,000. Finally, M&G PLC boosted its stake in Johnson Controls International by 70.3% in the second quarter. M&G PLC now owns 2,954,998 shares of the company’s stock worth $313,230,000 after buying an additional 1,219,980 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.
Johnson Controls International Price Performance
JCI opened at $132.87 on Friday. The stock’s 50 day moving average price is $127.26 and its 200-day moving average price is $117.42. Johnson Controls International plc has a 52-week low of $68.03 and a 52-week high of $146.49. The stock has a market capitalization of $81.33 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.81 and a current ratio of 0.99.
Johnson Controls International Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Monday, March 16th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, March 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. Johnson Controls International’s payout ratio is currently 30.13%.
Analyst Ratings Changes
JCI has been the topic of several research reports. Royal Bank Of Canada lifted their price target on shares of Johnson Controls International from $135.00 to $140.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 5th. Barclays upped their price objective on shares of Johnson Controls International from $125.00 to $136.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Citigroup upped their price target on shares of Johnson Controls International from $129.00 to $139.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Morgan Stanley increased their target price on Johnson Controls International from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Finally, 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. Twelve research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $135.00.
Check Out Our Latest Stock Analysis on JCI
Insider Buying and Selling
In related news, Director Mark Vergnano purchased 7,665 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The stock was bought at an average cost of $131.94 per share, with a total value of $1,011,320.10. Following the completion of the purchase, the director directly owned 37,602 shares in the company, valued at approximately $4,961,207.88. This represents a 25.60% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Daniel C. Mcconeghy sold 3,600 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $142.56, for a total transaction of $513,216.00. Following the completion of the sale, the vice president owned 24,273 shares of the company’s stock, valued at $3,460,358.88. This trade represents a 12.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is owned by insiders.
Johnson Controls International Company Profile
Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.
Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.
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