Johnson Controls International plc $JCI Shares Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. lifted its stake in shares of Johnson Controls International plc (NYSE:JCI) by 14.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,245 shares of the company’s stock after buying an additional 4,992 shares during the period. Johnson Controls International makes up approximately 0.9% of Machina Capital S.A.S.’s investment portfolio, making the stock its 23rd biggest holding. Machina Capital S.A.S.’s holdings in Johnson Controls International were worth $4,145,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nuveen LLC acquired a new position in Johnson Controls International during the first quarter valued at $219,110,000. AQR Capital Management LLC lifted its position in Johnson Controls International by 747.6% during the first quarter. AQR Capital Management LLC now owns 2,034,060 shares of the company’s stock valued at $159,186,000 after purchasing an additional 1,794,089 shares during the period. Jennison Associates LLC lifted its position in Johnson Controls International by 232.4% during the second quarter. Jennison Associates LLC now owns 2,124,125 shares of the company’s stock valued at $224,350,000 after purchasing an additional 1,485,007 shares during the period. Alkeon Capital Management LLC acquired a new position in Johnson Controls International during the first quarter valued at $112,154,000. Finally, Voya Investment Management LLC lifted its position in Johnson Controls International by 637.1% during the first quarter. Voya Investment Management LLC now owns 1,567,576 shares of the company’s stock valued at $125,578,000 after purchasing an additional 1,354,912 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Daniel C. Mcconeghy sold 5,917 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total transaction of $625,604.41. Following the completion of the sale, the vice president owned 25,005 shares of the company’s stock, valued at approximately $2,643,778.65. This represents a 19.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total transaction of $149,395.32. Following the sale, the vice president directly owned 139,459 shares of the company’s stock, valued at approximately $14,651,562.54. This represents a 1.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.54% of the stock is currently owned by corporate insiders.

Johnson Controls International Stock Up 0.2%

Shares of NYSE JCI opened at $114.48 on Monday. Johnson Controls International plc has a 12-month low of $68.03 and a 12-month high of $116.48. The stock has a market cap of $74.91 billion, a PE ratio of 33.97, a P/E/G ratio of 1.70 and a beta of 1.33. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average of $108.64 and a 200 day moving average of $103.12.

Johnson Controls International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, September 22nd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.60 annualized dividend and a yield of 1.4%. This is a boost from Johnson Controls International’s previous quarterly dividend of $0.37. Johnson Controls International’s dividend payout ratio is currently 47.48%.

Wall Street Analysts Forecast Growth

JCI has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Johnson Controls International from $124.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Robert W. Baird upped their price objective on shares of Johnson Controls International from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Johnson Controls International in a research report on Wednesday, October 8th. Barclays upped their price objective on shares of Johnson Controls International from $100.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 30th. Finally, Royal Bank Of Canada boosted their target price on shares of Johnson Controls International from $114.00 to $116.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 16th. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $113.41.

Johnson Controls International Company Profile

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.