Mirae Asset Global Investments Co. Ltd. Makes New Investment in Johnson Controls International plc $JCI

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Johnson Controls International plc (NYSE:JCI – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 200,028 shares of the company’s stock, valued at approximately $29,734,000.

A number of other institutional investors also recently made changes to their positions in JCI. State Street Corp boosted its stake in Johnson Controls International by 2.2% in the 2nd quarter. State Street Corp now owns 28,283,873 shares of the company’s stock valued at $4,143,674,000 after purchasing an additional 621,319 shares during the period. Amundi increased its position in Johnson Controls International by 157.2% during the 1st quarter. Amundi now owns 5,965,212 shares of the company’s stock worth $781,145,000 after buying an additional 3,646,047 shares during the period. First Trust Advisors LP lifted its holdings in shares of Johnson Controls International by 28.3% during the first quarter. First Trust Advisors LP now owns 5,761,677 shares of the company’s stock worth $754,492,000 after buying an additional 1,270,849 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Johnson Controls International by 0.9% during the second quarter. Pictet Asset Management Holding SA now owns 2,331,718 shares of the company’s stock worth $340,501,000 after buying an additional 20,780 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of Johnson Controls International by 702.5% during the first quarter. Hsbc Holdings PLC now owns 1,962,770 shares of the company’s stock worth $256,820,000 after buying an additional 1,718,179 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Insiders Place Their Bets

In related news, Director Juergen Tinggren sold 4,000 shares of the business’s stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $159.19, for a total value of $636,760.00. Following the transaction, the director owned 27,236 shares in the company, valued at $4,335,698.84. The trade was a 12.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is owned by corporate insiders.

Johnson Controls International Stock Down 2.0%

JCI stock opened at $146.12 on Tuesday. The stock has a market capitalization of $88.51 billion, a P/E ratio of 30.49, a price-to-earnings-growth ratio of 1.13 and a beta of 1.27. The company has a current ratio of 0.90, a quick ratio of 0.83 and a debt-to-equity ratio of 0.55. The firm has a 50-day moving average price of $147.42 and a 200-day moving average price of $140.96. Johnson Controls International plc has a 12 month low of $108.41 and a 12 month high of $160.41.

Johnson Controls International (NYSE:JCI – Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.07. The firm had revenue of $7.11 billion for the quarter, compared to analyst estimates of $7.04 billion. Johnson Controls International had a return on equity of 23.38% and a net margin of 11.12%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the firm posted $1.26 earnings per share. As a group, equities research analysts anticipate that Johnson Controls International plc will post 6.29 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, September 21st were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Monday, September 21st. Johnson Controls International’s dividend payout ratio (DPR) is currently 34.19%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on JCI shares. Sanford C. Bernstein reissued an “outperform” rating on shares of Johnson Controls International in a research report on Wednesday, October 7th. Royal Bank Of Canada raised their price target on shares of Johnson Controls International from $161.00 to $165.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 14th. UBS Group reissued a “buy” rating on shares of Johnson Controls International in a report on Wednesday, October 28th. Wall Street Zen downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Morgan Stanley increased their target price on shares of Johnson Controls International from $175.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Johnson Controls International currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.86.

Get Our Latest Stock Report on Johnson Controls International

Johnson Controls International Profile

(Free Report)

Johnson Controls International plc (NYSE:JCI) is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.

See Also

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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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