North Dakota State Investment Board purchased a new stake in Johnson Controls International plc (NYSE:JCI – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 22,646 shares of the company’s stock, valued at approximately $2,712,000.
A number of other large investors have also recently added to or reduced their stakes in the company. Catalyst Financial Partners LLC lifted its stake in Johnson Controls International by 2.5% in the third quarter. Catalyst Financial Partners LLC now owns 3,398 shares of the company’s stock valued at $374,000 after acquiring an additional 84 shares during the last quarter. Millstone Evans Group LLC lifted its stake in Johnson Controls International by 2.6% in the fourth quarter. Millstone Evans Group LLC now owns 3,427 shares of the company’s stock valued at $410,000 after acquiring an additional 87 shares during the last quarter. apricus wealth LLC lifted its stake in Johnson Controls International by 3.1% in the fourth quarter. apricus wealth LLC now owns 2,946 shares of the company’s stock valued at $353,000 after acquiring an additional 89 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Johnson Controls International by 12.6% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 860 shares of the company’s stock valued at $95,000 after acquiring an additional 96 shares during the last quarter. Finally, MainStreet Investment Advisors LLC lifted its stake in Johnson Controls International by 4.7% in the third quarter. MainStreet Investment Advisors LLC now owns 2,230 shares of the company’s stock valued at $245,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.
Insider Transactions at Johnson Controls International
In other Johnson Controls International news, VP Lei Zhang Schlitz sold 88,809 shares of Johnson Controls International stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $140.99, for a total value of $12,521,180.91. Following the completion of the sale, the vice president owned 57,059 shares in the company, valued at $8,044,748.41. The trade was a 60.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Daniel C. Mcconeghy sold 3,600 shares of Johnson Controls International 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 position. The SEC filing for this sale provides additional information. Company insiders own 0.29% of the company’s stock.
Johnson Controls International Stock Performance
Johnson Controls International (NYSE:JCI – Get Free Report) last posted its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. The company had revenue of $6.14 billion during the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. On average, sell-side analysts anticipate that Johnson Controls International plc will post 4.87 EPS for the current year.
Johnson Controls International Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Monday, March 16th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, March 16th. Johnson Controls International’s dividend payout ratio (DPR) is currently 28.62%.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on JCI. Evercore began coverage on shares of Johnson Controls International in a research note on Monday, April 13th. They issued a “hold” rating and a $155.00 price target for the company. Jefferies Financial Group increased their price target on shares of Johnson Controls International from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, April 15th. Morgan Stanley increased their price target on shares of Johnson Controls International from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, March 11th. UBS Group increased their price target on shares of Johnson Controls International from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Rothschild & Co Redburn raised their target price on shares of Johnson Controls International from $137.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Eleven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Johnson Controls International currently has an average rating of “Hold” and an average price target of $147.63.
Read Our Latest Stock Analysis on JCI
About Johnson Controls International
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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