M&G Plc Purchases 5,337 Shares of Johnson Controls International plc (NYSE:JCI)

M&G Plc boosted its stake in Johnson Controls International plc (NYSE:JCI) by 0.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,866,070 shares of the company’s stock after purchasing an additional 5,337 shares during the quarter. M&G Plc owned about 0.28% of Johnson Controls International worth $123,161,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Johnson Controls International by 17.3% in the 4th quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock valued at $4,114,756,000 after buying an additional 10,522,009 shares in the last quarter. Capital World Investors increased its position in Johnson Controls International by 85.5% in the 1st quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock valued at $923,804,000 after buying an additional 6,520,580 shares in the last quarter. Bank of New York Mellon Corp increased its position in Johnson Controls International by 95.9% in the 1st quarter. Bank of New York Mellon Corp now owns 12,760,120 shares of the company’s stock valued at $833,491,000 after buying an additional 6,247,250 shares in the last quarter. Norges Bank bought a new stake in Johnson Controls International in the 4th quarter valued at about $316,400,000. Finally, Clean Energy Transition LLP bought a new stake in Johnson Controls International in the 4th quarter valued at about $124,553,000. 90.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on JCI shares. Oppenheimer lifted their price target on Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a research note on Thursday, June 27th. UBS Group downgraded Johnson Controls International from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $74.00 to $68.00 in a report on Monday, May 6th. Robert W. Baird lifted their price objective on shares of Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. StockNews.com upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada raised their price target on shares of Johnson Controls International from $54.00 to $61.00 and gave the company an “underperform” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $67.69.

Johnson Controls International Stock Performance

Shares of JCI stock traded up $1.26 during trading hours on Tuesday, hitting $67.82. 3,693,344 shares of the company were exchanged, compared to its average volume of 5,398,706. The firm has a fifty day simple moving average of $68.59 and a 200 day simple moving average of $64.96. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. Johnson Controls International plc has a 52-week low of $47.90 and a 52-week high of $75.36. The stock has a market capitalization of $45.30 billion, a price-to-earnings ratio of 27.48, a P/E/G ratio of 1.83 and a beta of 1.28.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.06. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The company had revenue of $7.23 billion during the quarter, compared to analyst estimates of $7.53 billion. During the same quarter last year, the business posted $1.03 EPS. Johnson Controls International’s quarterly revenue was up 1.4% compared to the same quarter last year. Research analysts predict that Johnson Controls International plc will post 3.67 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Monday, June 24th were issued a dividend of $0.37 per share. The ex-dividend date was Monday, June 24th. This represents a $1.48 dividend on an annualized basis and a yield of 2.18%. Johnson Controls International’s payout ratio is 59.92%.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $66.01, for a total transaction of $77,033.67. Following the sale, the chief operating officer now owns 104,556 shares of the company’s stock, valued at approximately $6,901,741.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 2,892 shares of company stock valued at $197,011 in the last 90 days. 0.69% of the stock is currently owned by company insiders.

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.