West Family Investments Inc. boosted its position in Johnson Controls International plc (NYSE:JCI – Free Report) by 39.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,098 shares of the company’s stock after purchasing an additional 1,166 shares during the period. West Family Investments Inc.’s holdings in Johnson Controls International were worth $433,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Johnson Controls International during the 2nd quarter worth $795,325,000. Nuveen LLC bought a new stake in Johnson Controls International in the first quarter worth about $219,110,000. AQR Capital Management LLC boosted its stake in Johnson Controls International by 747.6% in the first quarter. AQR Capital Management LLC now owns 2,034,060 shares of the company’s stock valued at $159,186,000 after acquiring an additional 1,794,089 shares during the last quarter. Jennison Associates LLC grew its position in shares of Johnson Controls International by 232.4% during the 2nd quarter. Jennison Associates LLC now owns 2,124,125 shares of the company’s stock valued at $224,350,000 after acquiring an additional 1,485,007 shares during the period. Finally, Alkeon Capital Management LLC bought a new position in shares of Johnson Controls International during the 1st quarter valued at approximately $112,154,000. Institutional investors own 90.05% of the company’s stock.
Johnson Controls International Trading Up 0.0%
Shares of Johnson Controls International stock opened at $116.31 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. Johnson Controls International plc has a 1 year low of $68.03 and a 1 year high of $123.78. The firm has a market cap of $71.08 billion, a PE ratio of 34.51, a PEG ratio of 1.70 and a beta of 1.36. The company has a 50 day simple moving average of $112.58 and a two-hundred day simple moving average of $107.53.
Johnson Controls International Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, September 22nd were given a dividend of $0.40 per share. The ex-dividend date was Monday, September 22nd. This is a positive change from Johnson Controls International’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a yield of 1.4%. Johnson Controls International’s dividend payout ratio (DPR) is currently 31.43%.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the company. JPMorgan Chase & Co. increased their price objective on Johnson Controls International from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. UBS Group reiterated a “buy” rating and set a $124.00 price target on shares of Johnson Controls International in a research note on Thursday, November 6th. Royal Bank Of Canada boosted their price objective on Johnson Controls International from $116.00 to $135.00 and gave the company a “sector perform” rating in a research note on Thursday, November 6th. Robert W. Baird upped their price objective on shares of Johnson Controls International from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Tuesday, October 14th. Finally, Citigroup lifted their target price on shares of Johnson Controls International from $112.00 to $119.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Ten research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, Johnson Controls International presently has a consensus rating of “Hold” and a consensus price target of $121.32.
View Our Latest Stock Analysis on Johnson Controls International
Insider Activity
In other news, VP Lei Zhang Schlitz sold 32,031 shares of the firm’s 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 owned 66,780 shares in the company, valued at approximately $7,559,496. This trade represents a 32.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total transaction of $149,395.32. Following the completion of the sale, the vice president directly owned 139,459 shares in the company, valued at approximately $14,651,562.54. This trade represents a 1.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 49,870 shares of company stock valued at $5,682,224. 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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