Generali Asset Management SPA SGR Takes $2.47 Million Position in Johnson Controls International plc (NYSE:JCI)

Generali Asset Management SPA SGR bought a new stake in Johnson Controls International plc (NYSE:JCI) during the fourth quarter, HoldingsChannel.com reports. The fund bought 31,251 shares of the company’s stock, valued at approximately $2,467,000.

A number of other hedge funds have also made changes to their positions in the business. Mirova US LLC purchased a new position in shares of Johnson Controls International in the 4th quarter valued at $839,000. Horizon Investments LLC raised its stake in shares of Johnson Controls International by 1.9% in the 4th quarter. Horizon Investments LLC now owns 14,201 shares of the company’s stock valued at $1,121,000 after acquiring an additional 264 shares during the period. PDS Planning Inc purchased a new position in shares of Johnson Controls International in the 4th quarter valued at $192,000. Axxcess Wealth Management LLC raised its stake in shares of Johnson Controls International by 52.8% in the 4th quarter. Axxcess Wealth Management LLC now owns 18,710 shares of the company’s stock valued at $1,477,000 after acquiring an additional 6,469 shares during the period. Finally, Tocqueville Asset Management L.P. raised its stake in shares of Johnson Controls International by 0.7% in the 4th quarter. Tocqueville Asset Management L.P. now owns 25,449 shares of the company’s stock valued at $2,009,000 after acquiring an additional 166 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

JCI has been the topic of a number of research reports. UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and raised their target price for the company from $90.00 to $103.00 in a research note on Monday, February 10th. Barclays dropped their price target on shares of Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Monday, March 10th. Melius downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target on the stock. in a research note on Tuesday, January 28th. Royal Bank of Canada lifted their price target on shares of Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 6th. Finally, Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Friday, December 20th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.27.

Insider Activity

In related news, Director George Oliver sold 15,669 shares of Johnson Controls International stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $77.49, for a total value of $1,214,190.81. Following the sale, the director now directly owns 1,003,893 shares in the company, valued at $77,791,668.57. This trade represents a 1.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the completion of the sale, the vice president now owns 148,346 shares in the company, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 906,050 shares of company stock valued at $77,839,329. Company insiders own 0.54% of the company’s stock.

Johnson Controls International Price Performance

Shares of JCI stock opened at $82.91 on Thursday. The firm has a market cap of $54.73 billion, a P/E ratio of 31.64, a P/E/G ratio of 1.96 and a beta of 1.32. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. Johnson Controls International plc has a 1-year low of $59.83 and a 1-year high of $91.14. The firm has a fifty day moving average of $82.56 and a two-hundred day moving average of $79.95.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 EPS 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%. As a group, research analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Monday, March 24th. Johnson Controls International’s dividend payout ratio (DPR) is presently 56.49%.

Johnson Controls International Profile

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.