TIAA Trust National Association Grows Stock Holdings in Johnson Controls International plc $JCI

TIAA Trust National Association boosted its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 10.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,490 shares of the company’s stock after purchasing an additional 1,151 shares during the quarter. TIAA Trust National Association’s holdings in Johnson Controls International were worth $1,319,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of JCI. Nuveen LLC purchased a new stake in Johnson Controls International during the first quarter valued at $219,110,000. AQR Capital Management LLC raised its stake in Johnson Controls International by 747.6% during the first quarter. AQR Capital Management LLC now owns 2,034,060 shares of the company’s stock valued at $159,186,000 after purchasing an additional 1,794,089 shares in the last quarter. Jennison Associates LLC raised its stake in Johnson Controls International by 232.4% during the second quarter. Jennison Associates LLC now owns 2,124,125 shares of the company’s stock valued at $224,350,000 after purchasing an additional 1,485,007 shares in the last quarter. Alkeon Capital Management LLC purchased a new stake in Johnson Controls International during the first quarter valued at $112,154,000. Finally, Voya Investment Management LLC raised its stake in Johnson Controls International by 637.1% during the first quarter. Voya Investment Management LLC now owns 1,567,576 shares of the company’s stock valued at $125,578,000 after purchasing an additional 1,354,912 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Trading Down 2.1%

NYSE JCI opened at $110.80 on Wednesday. The company’s 50-day moving average price is $108.82 and its 200-day moving average price is $103.61. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The stock has a market cap of $72.51 billion, a PE ratio of 32.88, a PEG ratio of 1.70 and a beta of 1.33. Johnson Controls International plc has a 12 month low of $68.03 and a 12 month high of $116.48.

Johnson Controls International Increases Dividend

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

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total transaction of $625,604.41. Following the transaction, the vice president directly owned 25,005 shares in the company, valued at $2,643,778.65. This represents a 19.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total transaction of $149,395.32. Following the transaction, the vice president owned 139,459 shares in the company, valued at approximately $14,651,562.54. The trade was a 1.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

JCI has been the topic of several recent analyst reports. Royal Bank Of Canada increased their target price on shares of Johnson Controls International from $114.00 to $116.00 and gave the company a “sector perform” rating in a research note on Thursday, October 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Johnson Controls International in a research note on Wednesday, October 8th. Morgan Stanley increased their target price on shares of Johnson Controls International from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Robert W. Baird increased their target price on shares of Johnson Controls International from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Finally, JPMorgan Chase & Co. increased their target price on shares of Johnson Controls International from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.41.

Johnson Controls International Company 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.