Alberta Investment Management Corp Purchases New Shares in Johnson Controls International plc $JCI

Alberta Investment Management Corp acquired a new position in shares of Johnson Controls International plc (NYSE:JCI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 214,800 shares of the company’s stock, valued at approximately $25,722,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Regents Gate Capital LLP increased its stake in shares of Johnson Controls International by 17.4% in the 3rd quarter. Regents Gate Capital LLP now owns 86,144 shares of the company’s stock valued at $9,472,000 after acquiring an additional 12,774 shares during the last quarter. Bright Futures Wealth Management LLC. bought a new stake in shares of Johnson Controls International in the 3rd quarter valued at about $583,000. Elo Mutual Pension Insurance Co increased its stake in shares of Johnson Controls International by 23.7% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 75,021 shares of the company’s stock valued at $8,249,000 after acquiring an additional 14,354 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Johnson Controls International by 6.7% in the 4th quarter. Nordea Investment Management AB now owns 2,276,753 shares of the company’s stock valued at $274,235,000 after acquiring an additional 142,429 shares during the last quarter. Finally, Kepler Cheuvreux Suisse SA bought a new stake in shares of Johnson Controls International in the 3rd quarter valued at about $2,345,000. 90.05% of the stock is owned by institutional investors.

Insider Activity at Johnson Controls International

In other news, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $140.99, for a total value of $12,521,180.91. Following the completion of the sale, the vice president owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. This represents a 60.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Todd M. Grabowski sold 1,800 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total value of $263,160.00. Following the completion of the sale, the vice president directly owned 26,215 shares of the company’s stock, valued at approximately $3,832,633. The trade was a 6.43% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

JCI has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $154.00 price target on shares of Johnson Controls International in a research note on Tuesday, June 2nd. Wolfe Research reiterated an “outperform” rating and issued a $171.00 price objective on shares of Johnson Controls International in a research report on Wednesday, June 3rd. Citigroup boosted their price objective on Johnson Controls International from $150.00 to $155.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Jefferies Financial Group boosted their price objective on Johnson Controls International from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, April 15th. Finally, HSBC raised their price objective on shares of Johnson Controls International from $127.00 to $136.00 in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Johnson Controls International has a consensus rating of “Moderate Buy” and a consensus price target of $152.85.

Johnson Controls International Trading Up 0.8%

NYSE JCI opened at $146.10 on Tuesday. The company has a market cap of $89.14 billion, a PE ratio of 26.14, a PEG ratio of 1.57 and a beta of 1.33. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. Johnson Controls International plc has a 12 month low of $100.86 and a 12 month high of $149.23. The stock has a 50 day moving average of $140.67 and a 200-day moving average of $131.07.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The company had revenue of $6.14 billion during the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. On average, equities research analysts anticipate that Johnson Controls International plc will post 4.86 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, June 15th. Johnson Controls International’s dividend payout ratio is presently 28.62%.

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.