Mn Services Vermogensbeheer B.V. trimmed its position in Johnson Controls International plc (NYSE:JCI – Free Report) by 11.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 106,400 shares of the company’s stock after selling 13,800 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Johnson Controls International were worth $12,741,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in JCI. Robeco Institutional Asset Management B.V. grew its holdings in shares of Johnson Controls International by 9.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,466,780 shares of the company’s stock worth $161,272,000 after purchasing an additional 122,134 shares during the last quarter. Nordea Investment Management AB grew its position in shares of 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 valued at $232,705,000 after buying an additional 2,004,643 shares during the last quarter. Regents Gate Capital LLP increased its stake in shares of Johnson Controls International by 17.4% in the third quarter. Regents Gate Capital LLP now owns 86,144 shares of the company’s stock valued at $9,472,000 after buying an additional 12,774 shares during the period. MGO One Seven LLC boosted its holdings in Johnson Controls International by 573.4% in the third quarter. MGO One Seven LLC now owns 62,624 shares of the company’s stock valued at $6,886,000 after acquiring an additional 53,325 shares during the last quarter. Finally, Bright Futures Wealth Management LLC. bought a new stake in Johnson Controls International in the third quarter valued at approximately $583,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.
Johnson Controls International Stock Performance
Shares of JCI stock opened at $134.80 on Thursday. The company has a market cap of $82.51 billion, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 1.48 and a beta of 1.39. Johnson Controls International plc has a 52 week low of $68.03 and a 52 week high of $146.49. The company has a quick ratio of 0.81, a current ratio of 0.99 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average of $133.33 and a 200-day moving average of $120.73.
Johnson Controls International Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Monday, March 16th will be issued 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 dividend payout ratio is currently 30.13%.
Insider Activity
In other news, VP Daniel C. Mcconeghy sold 3,600 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $142.56, for a total transaction of $513,216.00. Following the transaction, the vice president owned 24,273 shares of the company’s stock, valued at $3,460,358.88. This represents a 12.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark Vergnano bought 7,665 shares of Johnson Controls International stock in a transaction dated Thursday, February 5th. The stock was purchased at an average price of $131.94 per share, with a total value of $1,011,320.10. Following the completion of the purchase, the director owned 37,602 shares in the company, valued at $4,961,207.88. This trade represents a 25.60% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.29% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the stock. Robert W. Baird set a $132.00 price target on shares of Johnson Controls International in a report on Thursday, February 5th. JPMorgan Chase & Co. increased their price objective on shares of Johnson Controls International from $138.00 to $158.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Morgan Stanley lifted their target price on shares of Johnson Controls International from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 11th. Rothschild & Co Redburn upped their price target on shares of Johnson Controls International from $137.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $154.00 price target on shares of Johnson Controls International in a report on Thursday, February 5th. Twelve research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.53.
Read Our Latest Analysis on JCI
Johnson Controls International 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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