Vanguard Group Inc. Buys 179,743 Shares of Johnson Controls International plc (NYSE:JCI)

Vanguard Group Inc. increased its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,156,110 shares of the company’s stock after purchasing an additional 179,743 shares during the period. Vanguard Group Inc. owned approximately 10.32% of Johnson Controls International worth $5,379,562,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. LPL Financial LLC lifted its holdings in shares of Johnson Controls International by 30.8% during the 4th quarter. LPL Financial LLC now owns 603,057 shares of the company’s stock valued at $47,599,000 after purchasing an additional 141,880 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Johnson Controls International in the 4th quarter valued at approximately $18,978,000. AXQ Capital LP acquired a new stake in Johnson Controls International in the 4th quarter valued at approximately $603,000. Mizuho Securities USA LLC raised its position in Johnson Controls International by 46.2% in the 4th quarter. Mizuho Securities USA LLC now owns 63,313 shares of the company’s stock valued at $4,997,000 after buying an additional 19,996 shares during the last quarter. Finally, Sciencast Management LP acquired a new position in shares of Johnson Controls International during the 4th quarter worth approximately $2,056,000. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

NYSE:JCI opened at $82.64 on Monday. The stock has a fifty day moving average price of $82.70 and a 200-day moving average price of $80.17. The company has a market cap of $54.55 billion, a price-to-earnings ratio of 31.54, a PEG ratio of 1.96 and a beta of 1.32. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. Johnson Controls International plc has a fifty-two week low of $59.83 and a fifty-two week high of $91.14.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. As a group, equities analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be given a dividend of $0.37 per share. The ex-dividend date is Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.79%. Johnson Controls International’s payout ratio is 56.49%.

Insider Transactions at Johnson Controls International

In other news, Director George Oliver sold 15,669 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $77.49, for a total transaction of $1,214,190.81. Following the completion of the transaction, the director now owns 1,003,893 shares of the company’s stock, valued at approximately $77,791,668.57. The trade was a 1.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was 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 of the company’s stock, valued at $2,175,967.19. This trade represents a 7.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 905,864 shares of company stock valued at $77,824,710. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on JCI. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Friday, December 20th. Citigroup decreased their target price on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Morgan Stanley boosted their target price on Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. UBS Group raised Johnson Controls International from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $90.00 to $103.00 in a report on Monday, February 10th. Finally, Royal Bank of Canada boosted their target price on 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 analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.27.

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.