Ilmarinen Mutual Pension Insurance Co Takes $8.21 Million Position in Johnson Controls International plc (NYSE:JCI)

Ilmarinen Mutual Pension Insurance Co acquired a new position in Johnson Controls International plc (NYSE:JCI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 104,000 shares of the company’s stock, valued at approximately $8,209,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Compass Financial Services Inc purchased a new position in Johnson Controls International in the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Johnson Controls International during the 4th quarter worth $29,000. Synergy Asset Management LLC purchased a new position in Johnson Controls International in the fourth quarter worth $42,000. Crowley Wealth Management Inc. bought a new position in Johnson Controls International in the fourth quarter valued at $42,000. Finally, ST Germain D J Co. Inc. raised its position in Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after purchasing an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Down 7.0 %

NYSE JCI opened at $71.84 on Friday. Johnson Controls International plc has a 1 year low of $59.83 and a 1 year high of $91.14. The stock has a market capitalization of $47.42 billion, a PE ratio of 27.42, a PEG ratio of 1.96 and a beta of 1.32. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The business’s 50-day moving average is $82.63 and its 200 day moving average is $80.81.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. Sell-side analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be issued a $0.37 dividend. The ex-dividend date is Monday, March 24th. This represents a $1.48 annualized dividend and a yield of 2.06%. Johnson Controls International’s dividend payout ratio (DPR) is presently 56.49%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Melius cut Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective for the company. in a report on Tuesday, January 28th. Morgan Stanley increased their price target on shares of Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Barclays lowered their price objective on shares of Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Monday, March 10th. UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and increased their target price for the company from $90.00 to $103.00 in a report on Monday, February 10th. Finally, Melius Research reiterated a “hold” rating and issued a $95.00 target price on shares of Johnson Controls International in a research report on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Johnson Controls International presently has a consensus rating of “Moderate Buy” and an average target price of $91.27.

Insider Transactions at Johnson Controls International

In related news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $79.72, for a total value of $113,361.84. Following the completion of the transaction, the vice president now directly owns 145,502 shares of the company’s stock, valued at $11,599,419.44. This represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO George Oliver sold 205,168 shares of Johnson Controls International stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $88.03, for a total value of $18,060,939.04. Following the sale, the chief executive officer now directly owns 1,260,527 shares in the company, valued at approximately $110,964,191.81. The trade was a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 907,286 shares of company stock valued at $77,938,071. Company insiders own 0.54% of the company’s stock.

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.