Johnson Controls International plc (NYSE:JCI) Shares Acquired by PGGM Investments

PGGM Investments increased its stake in shares of Johnson Controls International plc (NYSE:JCI) by 62.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 78,727 shares of the company’s stock after acquiring an additional 30,155 shares during the period. PGGM Investments’ holdings in Johnson Controls International were worth $6,214,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Park Avenue Securities LLC raised its stake in shares of Johnson Controls International by 101.5% during the fourth quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock valued at $2,093,000 after purchasing an additional 13,360 shares during the period. Certuity LLC purchased a new stake in Johnson Controls International during the 4th quarter worth $243,000. Y Intercept Hong Kong Ltd lifted its holdings in Johnson Controls International by 136.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock worth $7,082,000 after buying an additional 52,719 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Johnson Controls International by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock worth $1,041,822,000 after buying an additional 71,493 shares in the last quarter. Finally, BNC Wealth Management LLC purchased a new position in Johnson Controls International in the 4th quarter valued at about $2,093,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

JCI has been the topic of a number of analyst reports. Melius lowered Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price on the stock. in a research report on Tuesday, January 28th. Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Friday, December 20th. Melius Research reissued a “hold” rating and set a $95.00 price target on shares of Johnson Controls International in a research report on Tuesday, January 28th. Wells Fargo & Company upped their price target on shares of Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada raised their price objective on shares of Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Johnson Controls International presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.27.

Insider Buying and Selling

In other Johnson Controls International news, CEO George Oliver sold 205,168 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the completion of the transaction, the chief executive officer now owns 1,260,527 shares in the company, valued at approximately $110,964,191.81. The trade was a 14.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the firm’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total value of $171,073.50. Following the transaction, the vice president now directly owns 24,803 shares in the company, valued at $2,175,967.19. This trade represents a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 706,050 shares of company stock valued at $61,972,667 in the last three months. 0.54% of the stock is currently owned by corporate insiders.

Johnson Controls International Stock Down 1.7 %

NYSE:JCI opened at $77.33 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $51.05 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a 52 week low of $59.83 and a 52 week high of $91.14. The stock has a 50 day moving average of $82.41 and a 200-day moving average of $79.61.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. Analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International’s dividend payout ratio (DPR) is 56.49%.

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.