MGO One Seven LLC raised its stake in shares of Johnson Controls International plc (NYSE:JCI – Free Report) by 10.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 69,127 shares of the company’s stock after buying an additional 6,503 shares during the quarter. MGO One Seven LLC’s holdings in Johnson Controls International were worth $8,278,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of JCI. Viking Global Investors LP lifted its holdings in Johnson Controls International by 368.5% in the 3rd quarter. Viking Global Investors LP now owns 6,796,942 shares of the company’s stock valued at $747,324,000 after purchasing an additional 5,346,130 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Johnson Controls International by 140.8% in the second quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock valued at $483,281,000 after buying an additional 2,675,157 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Johnson Controls International by 1,545.8% during the third quarter. Nordea Investment Management AB now owns 2,134,324 shares of the company’s stock valued at $232,705,000 after buying an additional 2,004,643 shares during the period. First Trust Advisors LP lifted its stake in shares of Johnson Controls International by 23.3% during the third quarter. First Trust Advisors LP now owns 3,519,724 shares of the company’s stock valued at $386,994,000 after buying an additional 665,782 shares during the period. Finally, Man Group plc boosted its position in Johnson Controls International by 148.1% during the second quarter. Man Group plc now owns 832,921 shares of the company’s stock worth $87,973,000 after acquiring an additional 497,221 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.
Johnson Controls International Stock Performance
Shares of NYSE:JCI opened at $139.40 on Friday. The firm has a market capitalization of $85.05 billion, a PE ratio of 24.94, a P/E/G ratio of 1.54 and a beta of 1.37. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.81. The business has a 50-day moving average of $137.47 and a two-hundred day moving average of $126.21. Johnson Controls International plc has a 12 month low of $90.91 and a 12 month high of $147.32.
Johnson Controls International Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Monday, March 16th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Johnson Controls International’s dividend payout ratio is presently 30.13%.
Insider Activity
In other news, VP Daniel C. Mcconeghy sold 3,600 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $142.56, for a total value of $513,216.00. Following the transaction, the vice president owned 24,273 shares of the company’s stock, valued at approximately $3,460,358.88. This trade represents a 12.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.29% of the stock is owned by insiders.
More Johnson Controls International News
Here are the key news stories impacting Johnson Controls International this week:
- Positive Sentiment: JPMorgan raised its price target on Johnson Controls International to $162 from $158, implying further upside from current levels. JPMorgan adjusts price target on Johnson Controls International to 162 from 158
- Positive Sentiment: UBS lifted its target to $170 from $160 and reiterated a buy rating, reflecting strong confidence in Johnson Controls’ post-earnings outlook. Johnson Controls price target update from UBS
- Positive Sentiment: Wells Fargo raised its target to $160 from $145 and kept an overweight rating, adding to the positive analyst momentum around the stock. Johnson Controls price target update from Wells Fargo
- Positive Sentiment: Analysts boosted forecasts after Johnson Controls posted upbeat Q2 results, with reports highlighting strong earnings and sales growth alongside a raised full-year outlook. Johnson Controls Analysts Boost Their Forecasts Following Upbeat Q2 Results
- Positive Sentiment: Seeking Alpha published a bullish take emphasizing Johnson Controls’ strong backlog and pricing power, reinforcing the case for continued margin support. Johnson Controls: Strong Backlog And Pricing Power Support Buy Rating
- Neutral Sentiment: HSBC also raised its price target to $136 from $127, but that level is still below the current share price, making the revision less supportive than other updates. HSBC adjusts price target on Johnson Controls International to 136 from 127
- Neutral Sentiment: Mizuho raised its target to $140 from $130 while keeping a neutral rating, suggesting limited near-term upside at current valuation. Mizuho raises target on Johnson Controls International
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on JCI shares. Royal Bank Of Canada raised their price objective on Johnson Controls International from $139.00 to $154.00 and gave the stock a “sector perform” rating in a report on Thursday. Evercore initiated coverage on Johnson Controls International in a research note on Monday, April 13th. They issued a “hold” rating and a $155.00 target price for the company. Jefferies Financial Group increased their target price on Johnson Controls International from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, April 15th. HSBC raised their price target on Johnson Controls International from $127.00 to $136.00 in a research note on Thursday. Finally, Robert W. Baird upped their price objective on shares of Johnson Controls International from $132.00 to $148.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. Eleven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Johnson Controls International presently has an average rating of “Hold” and a consensus price target of $147.63.
View Our Latest Report on Johnson Controls International
Johnson Controls International Company Profile
Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.
Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.
Further Reading
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