Penserra Capital Management LLC boosted its holdings in Johnson Controls International plc (NYSE:JCI – Free Report) by 30.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,249 shares of the company’s stock after purchasing an additional 990 shares during the quarter. Penserra Capital Management LLC’s holdings in Johnson Controls International were worth $447,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the business. Nuveen LLC acquired a new position in shares of Johnson Controls International during the first quarter valued at about $219,110,000. AQR Capital Management LLC raised its holdings in shares of Johnson Controls International by 747.6% in the 1st quarter. AQR Capital Management LLC now owns 2,034,060 shares of the company’s stock worth $159,186,000 after acquiring an additional 1,794,089 shares during the last quarter. Jennison Associates LLC lifted its position in Johnson Controls International by 232.4% in the 2nd quarter. Jennison Associates LLC now owns 2,124,125 shares of the company’s stock valued at $224,350,000 after acquiring an additional 1,485,007 shares in the last quarter. Alkeon Capital Management LLC bought a new position in Johnson Controls International in the 1st quarter valued at about $112,154,000. Finally, Voya Investment Management LLC boosted its stake in Johnson Controls International by 637.1% during the 1st 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 during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.
Johnson Controls International Trading Down 0.6%
NYSE JCI opened at $121.86 on Wednesday. The business’s fifty day moving average is $110.26 and its 200-day moving average is $105.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. The stock has a market capitalization of $79.74 billion, a price-to-earnings ratio of 36.16, a PEG ratio of 1.70 and a beta of 1.36. Johnson Controls International plc has a one year low of $68.03 and a one year high of $123.76.
Johnson Controls International Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, September 22nd were paid a $0.40 dividend. The ex-dividend date was Monday, September 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.3%. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. Johnson Controls International’s dividend payout ratio (DPR) is presently 31.43%.
Insider Buying and Selling at Johnson Controls International
In other news, VP Daniel C. Mcconeghy sold 5,917 shares of the business’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 value of $625,604.41. Following the sale, the vice president owned 25,005 shares of the company’s stock, valued at $2,643,778.65. The trade was a 19.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Lei Zhang Schlitz sold 10,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $122.03, for a total transaction of $1,281,315.00. Following the completion of the transaction, the vice president directly owned 115,220 shares of the company’s stock, valued at approximately $14,060,296.60. This trade represents a 8.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 17,839 shares of company stock valued at $2,056,315 over the last three months. 0.54% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the company. Royal Bank Of Canada increased their price objective on Johnson Controls International from $116.00 to $135.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 6th. JPMorgan Chase & Co. upped their price target on Johnson Controls International from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Zacks Research raised Johnson Controls International to a “hold” rating in a research report on Monday, August 11th. Argus reaffirmed a “buy” rating and set a $145.00 price objective on shares of Johnson Controls International in a report on Friday, November 7th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Johnson Controls International from $124.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Ten investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Johnson Controls International presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.72.
View Our Latest Stock Analysis on JCI
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.
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