Tredje AP fonden Purchases Shares of 117,397 Johnson Controls International plc $JCI

Tredje AP fonden purchased a new stake in Johnson Controls International plc (NYSE:JCI) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 117,397 shares of the company’s stock, valued at approximately $14,058,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Viking Global Investors LP lifted its holdings in Johnson Controls International by 368.5% in the 3rd quarter. Viking Global Investors LP now owns 6,796,942 shares of the company’s stock worth $747,324,000 after buying an additional 5,346,130 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Johnson Controls International by 140.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock worth $483,281,000 after buying an additional 2,675,157 shares in the last quarter. First Trust Advisors LP lifted its holdings in Johnson Controls International by 23.3% in the 3rd quarter. First Trust Advisors LP now owns 3,519,724 shares of the company’s stock worth $386,994,000 after buying an additional 665,782 shares in the last quarter. Man Group plc lifted its holdings in Johnson Controls International by 148.1% in the 2nd quarter. Man Group plc now owns 832,921 shares of the company’s stock worth $87,973,000 after buying an additional 497,221 shares in the last quarter. Finally, Interval Partners LP lifted its holdings in Johnson Controls International by 793.0% in the 3rd quarter. Interval Partners LP now owns 513,401 shares of the company’s stock worth $56,448,000 after buying an additional 455,907 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Price Performance

JCI opened at $135.32 on Wednesday. The company has a 50-day moving average of $137.46 and a 200-day moving average of $127.86. The company has a market capitalization of $82.56 billion, a P/E ratio of 24.21, a PEG ratio of 1.51 and a beta of 1.37. Johnson Controls International plc has a 1-year low of $96.01 and a 1-year high of $147.32. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.04.

Johnson Controls International (NYSE:JCI) last released its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share for the quarter. The company had revenue of $6.14 billion during the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. Equities analysts expect that Johnson Controls International plc will post 4.87 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Monday, March 16th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. Johnson Controls International’s payout ratio is presently 28.62%.

Insider Activity

In related news, VP Lei Zhang Schlitz sold 88,809 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $140.99, for a total transaction 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 $8,044,748.41. This represents a 60.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Daniel C. Mcconeghy sold 3,600 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $142.56, for a total transaction of $513,216.00. Following the sale, the vice president directly owned 24,273 shares of the company’s stock, valued at approximately $3,460,358.88. This represents a 12.92% decrease in their position. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on JCI shares. Citigroup boosted their price objective on shares of Johnson Controls International from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Evercore initiated coverage on shares of Johnson Controls International in a report on Monday, April 13th. They issued a “hold” rating and a $155.00 price objective on the stock. Royal Bank Of Canada boosted their target price on shares of Johnson Controls International from $139.00 to $154.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. BNP Paribas Exane initiated coverage on shares of Johnson Controls International in a research report on Tuesday, April 14th. They issued an “underperform” rating and a $120.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of Johnson Controls International from $158.00 to $162.00 in a research report on Thursday, May 7th. Eleven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Johnson Controls International presently has a consensus rating of “Hold” and a consensus target price of $147.63.

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.