Royal London Asset Management Ltd. Buys 1,406 Shares of Johnson Controls International plc (NYSE:JCI)

Royal London Asset Management Ltd. raised its stake in Johnson Controls International plc (NYSE:JCI) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 296,936 shares of the company’s stock after purchasing an additional 1,406 shares during the period. Royal London Asset Management Ltd.’s holdings in Johnson Controls International were worth $23,437,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JCI. Xponance Inc. increased its position in shares of Johnson Controls International by 3.4% during the fourth quarter. Xponance Inc. now owns 101,903 shares of the company’s stock worth $8,043,000 after acquiring an additional 3,393 shares in the last quarter. Generali Asset Management SPA SGR bought a new stake in shares of Johnson Controls International during the fourth quarter worth about $2,467,000. Mirova US LLC bought a new stake in shares of Johnson Controls International during the fourth quarter worth about $839,000. Horizon Investments LLC increased its position in shares of Johnson Controls International by 1.9% during the fourth quarter. Horizon Investments LLC now owns 14,201 shares of the company’s stock worth $1,121,000 after acquiring an additional 264 shares in the last quarter. Finally, PDS Planning Inc bought a new stake in shares of Johnson Controls International during the fourth quarter worth about $192,000. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Stock Down 0.6 %

JCI opened at $82.64 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The stock has a market cap of $54.55 billion, a price-to-earnings ratio of 31.54, a PEG ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a twelve month low of $59.83 and a twelve month high of $91.14. The company’s 50-day moving average price is $82.70 and its two-hundred day moving average price is $80.04.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. As a group, equities analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International’s payout ratio is currently 56.49%.

Wall Street Analysts Forecast Growth

JCI has been the subject of several recent research reports. UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $90.00 to $103.00 in a research report on Monday, February 10th. Morgan Stanley boosted their target price on shares of Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Wells Fargo & Company boosted their target price on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Melius Research restated a “hold” rating and set a $95.00 price target on shares of Johnson Controls International in a report on Tuesday, January 28th. Finally, Melius cut shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target on the stock. in a report on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.27.

Insider Activity at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 1,950 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the sale, the vice president now directly owns 24,803 shares in the company, valued at approximately $2,175,967.19. This represents a 7.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director George Oliver sold 15,669 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $77.49, for a total transaction of $1,214,190.81. Following the sale, the director now owns 1,003,893 shares in the company, valued at $77,791,668.57. The trade was a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 905,864 shares of company stock worth $77,824,710. 0.54% of the stock is owned by corporate insiders.

Johnson Controls International Company 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.