ING Groep NV Has $36.89 Million Stock Holdings in Johnson Controls International plc $JCI

ING Groep NV increased its position in shares of Johnson Controls International plc (NYSE:JCI) by 273.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 308,080 shares of the company’s stock after purchasing an additional 225,537 shares during the quarter. ING Groep NV’s holdings in Johnson Controls International were worth $36,893,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital International Inc. CA grew its position in Johnson Controls International by 3.3% during the fourth quarter. Capital International Inc. CA now owns 76,958 shares of the company’s stock worth $9,216,000 after buying an additional 2,431 shares in the last quarter. PBU The Pension Fund of Early Childhood & Youth Educators bought a new position in shares of Johnson Controls International during the 4th quarter worth about $18,132,000. Flagship Wealth Advisors LLC lifted its holdings in shares of Johnson Controls International by 1,642.9% during the 4th quarter. Flagship Wealth Advisors LLC now owns 610 shares of the company’s stock worth $73,000 after acquiring an additional 575 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Johnson Controls International by 4.4% during the 4th quarter. Parallel Advisors LLC now owns 9,595 shares of the company’s stock worth $1,149,000 after acquiring an additional 407 shares during the period. Finally, Vise Technologies Inc. lifted its holdings in shares of Johnson Controls International by 4.8% during the 4th quarter. Vise Technologies Inc. now owns 41,402 shares of the company’s stock worth $4,958,000 after acquiring an additional 1,883 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 88,809 shares of the company’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 completion of the sale, the vice president owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. This represents a 60.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.29% of the company’s stock.

Johnson Controls International Trading Down 2.5%

Shares of NYSE JCI opened at $143.71 on Friday. The company’s 50 day simple moving average is $139.11 and its 200 day simple moving average is $129.69. Johnson Controls International plc has a fifty-two week low of $100.86 and a fifty-two week high of $148.38. The firm has a market capitalization of $87.68 billion, a P/E ratio of 25.71, a P/E/G ratio of 1.55 and a beta of 1.32. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.85.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. The firm had revenue of $6.14 billion during the quarter. On average, analysts predict that Johnson Controls International plc will post 4.86 EPS for the current year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, June 15th. Johnson Controls International’s dividend payout ratio is presently 28.62%.

Analyst Ratings Changes

A number of research analysts have commented on JCI shares. Barclays raised their price target on shares of Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Evercore started coverage on shares of Johnson Controls International in a research note on Monday, April 13th. They set a “hold” rating and a $155.00 price target for the company. Wells Fargo & Company raised their price target on shares of Johnson Controls International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Robert W. Baird raised their price target on shares of Johnson Controls International from $132.00 to $148.00 and gave the stock a “neutral” rating in a research note on Monday, April 27th. Finally, UBS Group raised their price target on shares of Johnson Controls International from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday. Eleven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Johnson Controls International currently has an average rating of “Hold” and an average target price of $149.79.

About Johnson Controls International

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.