Hilltop Holdings Inc. Makes New $231,000 Investment in Johnson Controls International PLC (NYSE:JCI)
Hilltop Holdings Inc. bought a new stake in Johnson Controls International PLC (NYSE:JCI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,681 shares of the company’s stock, valued at approximately $231,000.
Other hedge funds also recently made changes to their positions in the company. Pictet Asset Management Ltd. acquired a new position in Johnson Controls International during the 4th quarter worth approximately $206,751,000. Renaissance Technologies LLC acquired a new position in Johnson Controls International during the fourth quarter worth $108,376,000. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in Johnson Controls International in the fourth quarter worth $102,776,000. KBC Group NV raised its position in Johnson Controls International by 152.8% in the fourth quarter. KBC Group NV now owns 1,839,462 shares of the company’s stock worth $74,884,000 after acquiring an additional 1,111,872 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its position in Johnson Controls International by 36.1% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 3,149,515 shares of the company’s stock worth $128,194,000 after acquiring an additional 835,803 shares in the last quarter. Institutional investors own 91.14% of the company’s stock.
Shares of NYSE:JCI opened at $26.13 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.17 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $19.38 billion, a P/E ratio of 4.12, a P/E/G ratio of 1.12 and a beta of 0.90. Johnson Controls International PLC has a 52-week low of $22.77 and a 52-week high of $44.82. The stock’s fifty day simple moving average is $36.67 and its 200-day simple moving average is $40.77.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Monday, March 16th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.98%. The ex-dividend date is Friday, March 13th. Johnson Controls International’s payout ratio is 53.06%.
JCI has been the topic of several research analyst reports. Wolfe Research upgraded shares of Johnson Controls International from a “peer perform” rating to an “outperform” rating in a research report on Thursday, January 9th. Royal Bank of Canada reissued a “sell” rating and set a $38.00 price objective on shares of Johnson Controls International in a report on Wednesday, December 18th. Morgan Stanley lowered their target price on shares of Johnson Controls International from $34.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Monday. UBS Group assumed coverage on shares of Johnson Controls International in a report on Thursday, December 12th. They issued a “sell” rating and a $40.00 target price for the company. Finally, Deutsche Bank assumed coverage on shares of Johnson Controls International in a research report on Monday, March 9th. They set a “buy” rating and a $48.00 price target for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $41.56.
In related news, CEO George Oliver sold 22,086 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $39.71, for a total transaction of $877,035.06. Following the sale, the chief executive officer now owns 1,011,107 shares in the company, valued at $40,151,058.97. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.61% of the company’s stock.
Johnson Controls International Company Profile
Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.
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