Jennison Associates LLC raised its position in Johnson Controls International plc (NYSE:JCI – Free Report) by 67.4% during the first quarter, Holdings Channel reports. The fund owned 1,154,315 shares of the company’s stock after acquiring an additional 464,874 shares during the period. Jennison Associates LLC’s holdings in Johnson Controls International were worth $151,158,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Strategic Investment Advisors MI increased its position in shares of Johnson Controls International by 1.5% during the 4th quarter. Strategic Investment Advisors MI now owns 5,389 shares of the company’s stock valued at $645,000 after purchasing an additional 78 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Johnson Controls International by 2.5% in the 4th quarter. UMB Bank n.a. now owns 3,261 shares of the company’s stock worth $391,000 after purchasing an additional 79 shares during the period. Lcnb Corp boosted its holdings in shares of Johnson Controls International by 4.0% in the fourth quarter. Lcnb Corp now owns 2,094 shares of the company’s stock worth $251,000 after buying an additional 81 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Johnson Controls International by 6.9% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,257 shares of the company’s stock worth $165,000 after buying an additional 81 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC grew its position in Johnson Controls International by 4.8% during the first quarter. Moss Adams Wealth Advisors LLC now owns 1,888 shares of the company’s stock valued at $248,000 after buying an additional 86 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.
Johnson Controls International Trading Down 0.6%
Johnson Controls International stock opened at $140.45 on Friday. Johnson Controls International plc has a 12-month low of $102.09 and a 12-month high of $151.18. The firm has a market capitalization of $85.69 billion, a price-to-earnings ratio of 25.13, a P/E/G ratio of 1.51 and a beta of 1.31. The firm has a 50 day moving average of $141.92 and a 200 day moving average of $135.28. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64.
Johnson Controls International Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, June 15th. Johnson Controls International’s dividend payout ratio (DPR) is presently 28.62%.
Insiders Place Their Bets
In related news, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the transaction, the vice president owned 26,215 shares in the company, valued at approximately $3,832,633. The trade was a 6.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Lei Zhang Schlitz sold 88,809 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the completion of the transaction, the vice president directly owned 57,059 shares of the company’s stock, valued at $8,044,748.41. This represents a 60.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of brokerages have commented on JCI. HSBC upped their target price on shares of Johnson Controls International from $127.00 to $136.00 in a report on Thursday, May 7th. UBS Group boosted their price objective on shares of Johnson Controls International from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Oppenheimer restated a “market perform” rating on shares of Johnson Controls International in a research note on Tuesday, June 2nd. Jefferies Financial Group raised their target price on Johnson Controls International from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, April 15th. Finally, Wall Street Zen upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Sunday, May 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.85.
View Our Latest Research Report on Johnson Controls International
Johnson Controls International Company 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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