First Trust Advisors LP increased its holdings in Johnson Controls International plc (NYSE:JCI – Free Report) by 23.3% in the 3rd quarter, Holdings Channel reports. The fund owned 3,519,724 shares of the company’s stock after buying an additional 665,782 shares during the quarter. First Trust Advisors LP’s holdings in Johnson Controls International were worth $386,994,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of JCI. Neo Ivy Capital Management bought a new position in shares of Johnson Controls International during the third quarter valued at approximately $318,000. Marietta Investment Partners LLC boosted its position in shares of Johnson Controls International by 4.8% in the 3rd quarter. Marietta Investment Partners LLC now owns 14,077 shares of the company’s stock worth $1,548,000 after purchasing an additional 647 shares in the last quarter. Orion Porfolio Solutions LLC boosted its position in shares of Johnson Controls International by 13.1% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 37,407 shares of the company’s stock worth $4,113,000 after purchasing an additional 4,328 shares in the last quarter. KCM Investment Advisors LLC raised its stake in Johnson Controls International by 0.7% during the third quarter. KCM Investment Advisors LLC now owns 22,684 shares of the company’s stock valued at $2,494,000 after buying an additional 168 shares during the last quarter. Finally, IFG Advisory LLC grew its stake in shares of Johnson Controls International by 5.0% in the third quarter. IFG Advisory LLC now owns 33,967 shares of the company’s stock worth $3,735,000 after acquiring an additional 1,607 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.
Johnson Controls International Trading Down 3.1%
NYSE:JCI opened at $132.87 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.81 and a debt-to-equity ratio of 0.66. Johnson Controls International plc has a 12 month low of $68.03 and a 12 month high of $146.49. The company has a market cap of $81.33 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38. The company has a 50 day simple moving average of $127.26 and a two-hundred day simple moving average of $117.42.
Johnson Controls International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Monday, March 16th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. Johnson Controls International’s dividend payout ratio is currently 30.13%.
Insiders Place Their Bets
In other news, VP Daniel C. Mcconeghy sold 3,600 shares of the stock in a transaction that occurred 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 in the company, valued at $3,460,358.88. This represents a 12.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Todd M. Grabowski sold 6,050 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $134.90, for a total transaction of $816,145.00. Following the completion of the transaction, the vice president directly owned 34,836 shares in the company, valued at approximately $4,699,376.40. The trade was a 14.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.29% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages recently commented on JCI. Royal Bank Of Canada increased their price objective on shares of Johnson Controls International from $135.00 to $140.00 and gave the company a “sector perform” rating in a research report on Thursday, February 5th. Melius Research set a $148.00 target price on shares of Johnson Controls International in a research note on Wednesday, January 7th. Robert W. Baird set a $132.00 price target on shares of Johnson Controls International in a report on Thursday, February 5th. Wall Street Zen raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Morgan Stanley boosted their price objective on shares of Johnson Controls International from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Twelve analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.00.
View Our Latest Analysis on Johnson Controls International
Johnson Controls International 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.
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