Lathrop Investment Management Co. reduced its position in shares of Johnson Controls International plc (NYSE:JCI – Free Report) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,910 shares of the company’s stock after selling 4,691 shares during the quarter. Johnson Controls International accounts for approximately 2.9% of Lathrop Investment Management Co.’s investment portfolio, making the stock its 14th biggest holding. Lathrop Investment Management Co.’s holdings in Johnson Controls International were worth $16,036,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of JCI. Viking Global Investors LP boosted its stake in shares of Johnson Controls International by 368.5% during the 3rd quarter. Viking Global Investors LP now owns 6,796,942 shares of the company’s stock worth $747,324,000 after acquiring an additional 5,346,130 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Johnson Controls International by 140.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock worth $483,281,000 after acquiring an additional 2,675,157 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Johnson Controls International by 23.3% during the 3rd quarter. First Trust Advisors LP now owns 3,519,724 shares of the company’s stock worth $386,994,000 after acquiring an additional 665,782 shares in the last quarter. Man Group plc boosted its stake in shares of Johnson Controls International by 148.1% during the 2nd quarter. Man Group plc now owns 832,921 shares of the company’s stock worth $87,973,000 after acquiring an additional 497,221 shares in the last quarter. Finally, Interval Partners LP boosted its stake in shares of Johnson Controls International by 793.0% during the 3rd quarter. Interval Partners LP now owns 513,401 shares of the company’s stock worth $56,448,000 after acquiring an additional 455,907 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.
Johnson Controls International Trading Up 2.2%
Shares of Johnson Controls International stock opened at $138.51 on Friday. The firm has a market capitalization of $84.51 billion, a PE ratio of 24.78, a P/E/G ratio of 1.52 and a beta of 1.37. Johnson Controls International plc has a twelve month low of $96.31 and a twelve month high of $147.32. The firm’s 50-day moving average price is $137.64 and its 200 day moving average price is $128.25. 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 Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Monday, March 16th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, March 16th. Johnson Controls International’s dividend payout ratio (DPR) is 28.62%.
Insider Buying and Selling
In other Johnson Controls International news, VP Lei Zhang Schlitz sold 88,809 shares of the firm’s stock in a transaction that occurred on 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 transaction, the vice president directly owned 57,059 shares of the company’s stock, valued at $8,044,748.41. This trade represents a 60.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Daniel C. Mcconeghy sold 3,600 shares of the firm’s stock in a transaction that occurred on 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 transaction, the vice president directly owned 24,273 shares in the company, valued at $3,460,358.88. This trade represents a 12.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.29% of the company’s stock.
Wall Street Analyst Weigh In
JCI has been the topic of several recent analyst reports. BNP Paribas Exane initiated coverage on shares of Johnson Controls International in a research note on Tuesday, April 14th. They set an “underperform” rating and a $120.00 target price on the stock. Rothschild & Co Redburn raised their price target on shares of Johnson Controls International from $137.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Robert W. Baird raised their price target on shares of Johnson Controls International from $132.00 to $148.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. Jefferies Financial Group raised 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. Finally, Wells Fargo & Company raised their price target on shares of Johnson Controls International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Eleven 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’s stock. Based on data from MarketBeat.com, Johnson Controls International has an average rating of “Hold” and a consensus target price of $147.63.
Get Our Latest Research Report on Johnson Controls International
Johnson Controls International 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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