Meiji Yasuda Asset Management Co Ltd. Acquires 435 Shares of Johnson Controls International plc (NYSE:JCI)

Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 1.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 23,608 shares of the company’s stock after purchasing an additional 435 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Johnson Controls International were worth $1,863,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Compass Financial Services Inc purchased a new stake in shares of Johnson Controls International during the 4th quarter worth $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Johnson Controls International during the fourth quarter valued at about $29,000. Synergy Asset Management LLC bought a new stake in shares of Johnson Controls International in the 4th quarter valued at about $42,000. Crowley Wealth Management Inc. purchased a new position in shares of Johnson Controls International in the 4th quarter worth approximately $42,000. Finally, ST Germain D J Co. Inc. raised its stake in shares of Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after acquiring an additional 134 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Price Performance

Shares of JCI opened at $82.77 on Thursday. The business’s 50-day moving average is $82.95 and its two-hundred day moving average is $80.41. The company has a market capitalization of $54.64 billion, a P/E ratio of 31.59, a P/E/G ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a fifty-two week low of $59.83 and a fifty-two week high of $91.14. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. Research analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

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

Analyst Ratings Changes

Several research firms have issued reports on JCI. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Friday, December 20th. Wells Fargo & Company boosted their target price on Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Barclays reduced their target price on Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Monday, March 10th. JPMorgan Chase & Co. raised their price target on Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada boosted their target price on shares of Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $91.27.

Insider Buying and Selling

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 1,950 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $87.73, for a total transaction of $171,073.50. Following the transaction, the vice president now owns 24,803 shares in the company, valued at approximately $2,175,967.19. This represents a 7.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director George Oliver sold 15,669 shares of the business’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 value of $1,214,190.81. Following the completion of the sale, the director now owns 1,003,893 shares of the company’s stock, valued at $77,791,668.57. This trade represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 905,864 shares of company stock valued at $77,824,710. Corporate insiders own 0.54% of the company’s stock.

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.