Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Holdings in Johnson Controls International plc $JCI

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Johnson Controls International plc (NYSE:JCI) by 27.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 99,838 shares of the company’s stock after purchasing an additional 21,600 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Johnson Controls International were worth $10,545,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Grove Bank & Trust boosted its stake in shares of Johnson Controls International by 3.5% in the second quarter. Grove Bank & Trust now owns 3,117 shares of the company’s stock valued at $329,000 after purchasing an additional 106 shares during the period. Keudell Morrison Wealth Management boosted its stake in shares of Johnson Controls International by 4.1% in the second quarter. Keudell Morrison Wealth Management now owns 2,697 shares of the company’s stock valued at $285,000 after purchasing an additional 107 shares during the period. REAP Financial Group LLC boosted its stake in shares of Johnson Controls International by 18.1% in the second quarter. REAP Financial Group LLC now owns 739 shares of the company’s stock valued at $78,000 after purchasing an additional 113 shares during the period. TIAA Trust National Association boosted its stake in shares of Johnson Controls International by 1.0% in the first quarter. TIAA Trust National Association now owns 11,339 shares of the company’s stock valued at $908,000 after purchasing an additional 115 shares during the period. Finally, Strategic Blueprint LLC boosted its stake in shares of Johnson Controls International by 4.3% in the first quarter. Strategic Blueprint LLC now owns 2,980 shares of the company’s stock valued at $239,000 after purchasing an additional 123 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Down 0.6%

Shares of NYSE:JCI opened at $112.36 on Wednesday. The firm’s 50 day moving average price is $108.16 and its 200 day moving average price is $102.19. The stock has a market cap of $73.53 billion, a price-to-earnings ratio of 33.34, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. Johnson Controls International plc has a fifty-two week low of $68.03 and a fifty-two week high of $114.60. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.06. The firm had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.99 billion. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. As a group, equities research analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 22nd. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a yield of 1.4%. Johnson Controls International’s dividend payout ratio is 47.48%.

Insider Buying and Selling

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 5,917 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total transaction of $625,604.41. Following the sale, the vice president owned 25,005 shares of the company’s stock, valued at approximately $2,643,778.65. This trade represents a 19.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Nathan D. Manning sold 1,422 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total transaction of $149,395.32. Following the sale, the vice president directly owned 139,459 shares in the company, valued at approximately $14,651,562.54. The trade was a 1.01% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 8,761 shares of company stock worth $922,447. 0.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on JCI. Wolfe Research raised their price objective on shares of Johnson Controls International from $132.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Citigroup raised their price objective on shares of Johnson Controls International from $112.00 to $119.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. Morgan Stanley raised their target price on shares of Johnson Controls International from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of Johnson Controls International from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Johnson Controls International presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.41.

About Johnson Controls International

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.