Russell Investments Group Ltd. grew its stake in Johnson Controls International plc (NYSE:JCI – Free Report) by 3.3% in the 3rd quarter, Holdings Channel reports. The firm owned 554,631 shares of the company’s stock after purchasing an additional 17,970 shares during the period. Russell Investments Group Ltd.’s holdings in Johnson Controls International were worth $60,590,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in JCI. Vanguard Group Inc. lifted its position in Johnson Controls International by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 69,365,463 shares of the company’s stock valued at $7,326,380,000 after acquiring an additional 920,777 shares during the period. State Street Corp lifted its holdings in shares of Johnson Controls International by 2.5% during the second quarter. State Street Corp now owns 28,521,478 shares of the company’s stock valued at $3,022,673,000 after purchasing an additional 683,467 shares in the last quarter. Franklin Resources Inc. lifted its stake in Johnson Controls International by 3.0% during the 2nd quarter. Franklin Resources Inc. now owns 23,223,902 shares of the company’s stock valued at $2,452,909,000 after acquiring an additional 675,862 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Johnson Controls International by 2.1% in the 3rd quarter. Fisher Asset Management LLC now owns 16,959,249 shares of the company’s stock worth $1,864,670,000 after buying an additional 354,266 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Johnson Controls International by 0.8% in the second quarter. Geode Capital Management LLC now owns 14,285,011 shares of the company’s stock worth $1,501,266,000 after purchasing an additional 120,078 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.
Johnson Controls International Price Performance
Shares of JCI opened at $134.07 on Wednesday. Johnson Controls International plc has a twelve month low of $68.03 and a twelve month high of $146.49. The company has a 50 day moving average of $127.76 and a two-hundred day moving average of $117.98. The company has a quick ratio of 0.81, a current ratio of 0.99 and a debt-to-equity ratio of 0.66. The company has a market cap of $82.06 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 1.50 and a beta of 1.38.
Johnson Controls International Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Monday, March 16th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. Johnson Controls International’s dividend payout ratio (DPR) is currently 30.13%.
Insider Activity
In other news, VP Daniel C. Mcconeghy sold 3,600 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $142.56, for a total value of $513,216.00. Following the transaction, the vice president directly owned 24,273 shares of the company’s stock, valued at approximately $3,460,358.88. This trade represents a 12.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Mark Vergnano bought 7,665 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was acquired at an average cost of $131.94 per share, for a total transaction of $1,011,320.10. Following the completion of the purchase, the director directly owned 37,602 shares in the company, valued at approximately $4,961,207.88. This represents a 25.60% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.29% of the company’s stock.
Wall Street Analyst Weigh In
JCI has been the subject of several recent research reports. HSBC boosted their price target on Johnson Controls International from $79.00 to $127.00 and gave the company a “hold” rating in a report on Monday, November 24th. JPMorgan Chase & Co. lifted their price target on shares of Johnson Controls International from $138.00 to $158.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a research note on Thursday, January 22nd. Citigroup upped their target price on shares of Johnson Controls International from $129.00 to $139.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Finally, Melius Research set a $148.00 price target on Johnson Controls International in a research report on Wednesday, January 7th. Twelve investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $135.00.
View Our Latest Stock Report on Johnson Controls International
About Johnson Controls International
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.
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