Allianz SE Makes New Investment in Johnson Controls International plc (NYSE:JCI)

Allianz SE bought a new stake in shares of Johnson Controls International plc (NYSE:JCI) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,870 shares of the company’s stock, valued at approximately $621,000.

A number of other institutional investors have also recently made changes to their positions in the company. Park Avenue Securities LLC raised its position in Johnson Controls International by 101.5% in the 4th quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock worth $2,093,000 after purchasing an additional 13,360 shares during the period. Certuity LLC acquired a new position in Johnson Controls International during the 4th quarter valued at approximately $243,000. Y Intercept Hong Kong Ltd raised its stake 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 acquiring an additional 52,719 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Johnson Controls International by 0.5% in the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock worth $1,041,822,000 after purchasing an additional 71,493 shares during the last quarter. Finally, BNC Wealth Management LLC purchased a new position in Johnson Controls International during the 4th quarter worth approximately $2,093,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Royal Bank of Canada boosted 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 report on Thursday, February 6th. UBS Group upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and lifted their target price for the company from $90.00 to $103.00 in a research report on Monday, February 10th. Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research report on Friday, December 20th. Citigroup lowered their price objective 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. Finally, Wells Fargo & Company increased their target price on Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Johnson Controls International presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.27.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 1,950 shares of Johnson Controls International stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 24,803 shares in the company, valued at $2,175,967.19. The trade was a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George Oliver sold 15,669 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $77.49, for a total value of $1,214,190.81. Following the completion of the sale, the director now directly owns 1,003,893 shares of the company’s stock, valued at $77,791,668.57. This represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 905,864 shares of company stock valued at $77,824,710. Corporate insiders own 0.54% of the company’s stock.

Johnson Controls International Stock Down 3.1 %

Shares of Johnson Controls International stock opened at $79.64 on Monday. 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 business has a 50-day moving average of $82.95 and a 200-day moving average of $80.64. The company has a market capitalization of $52.57 billion, a PE ratio of 30.40, a P/E/G ratio of 1.96 and a beta of 1.32.

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, equities analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International’s payout ratio is currently 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.