Rakuten Investment Management Inc. Buys 109,009 Shares of Johnson Controls International plc $JCI

Rakuten Investment Management Inc. purchased a new position in shares of Johnson Controls International plc (NYSE:JCI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 109,009 shares of the company’s stock, valued at approximately $16,288,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NBH Bank bought a new stake in Johnson Controls International in the second quarter valued at $29,000. Signature Equity Partners LLC boosted its position in shares of Johnson Controls International by 96.2% during the 3rd quarter. Signature Equity Partners LLC now owns 206 shares of the company’s stock valued at $31,000 after purchasing an additional 101 shares in the last quarter. Virginia Estate & Retirement Planning Advisors Inc. acquired a new position in Johnson Controls International in the third quarter worth approximately $33,000. Fourth Dimension Wealth LLC increased its position in shares of Johnson Controls International by 51.3% in the second quarter. Fourth Dimension Wealth LLC now owns 230 shares of the company’s stock worth $34,000 after acquiring an additional 78 shares in the last quarter. Finally, First Bancorp Inc ME acquired a new stake in Johnson Controls International during the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Price Performance

Shares of Johnson Controls International stock opened at $140.37 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $85.03 billion, a price-to-earnings ratio of 29.99, a P/E/G ratio of 1.18 and a beta of 1.27. The firm’s 50-day moving average price is $147.53 and its two-hundred day moving average price is $141.29. Johnson Controls International plc has a 1-year low of $108.41 and a 1-year high of $160.41.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.07. Johnson Controls International had a net margin of 11.12% and a return on equity of 23.38%. The business had revenue of $7.11 billion for the quarter, compared to the consensus estimate of $7.04 billion. During the same quarter in the prior year, the company earned $1.26 EPS. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. On average, equities analysts predict that Johnson Controls International plc will post 6.29 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, September 21st were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, September 21st. Johnson Controls International’s dividend payout ratio is currently 34.19%.

Analyst Ratings Changes

JCI has been the subject of a number of research reports. Evercore set a $170.00 target price on shares of Johnson Controls International in a research note on Wednesday, October 28th. The Goldman Sachs Group lifted their price objective on shares of Johnson Controls International from $186.00 to $191.00 and gave the company a “buy” rating in a research note on Wednesday, September 30th. Weiss Ratings raised Johnson Controls International from a “buy (b)” rating to a “buy (a)” rating in a research report on Thursday, October 8th. Bank of America increased their price target on Johnson Controls International from $152.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, October 8th. Finally, Royal Bank Of Canada upped their price objective on shares of Johnson Controls International from $161.00 to $165.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $166.86.

Insider Buying and Selling

In other Johnson Controls International news, Director Juergen Tinggren sold 4,000 shares of the stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $159.19, for a total value of $636,760.00. Following the transaction, the director owned 27,236 shares of the company’s stock, valued at approximately $4,335,698.84. This represents a 12.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.29% of the company’s stock.

Johnson Controls International Company Profile

Johnson Controls International plc (NYSE:JCI) is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.