Munro Partners bought a new position in shares of Johnson Controls International plc (NYSE:JCI – Free Report) during the 2nd quarter, Holdings Channel.com reports. The firm bought 788,082 shares of the company’s stock, valued at approximately $83,237,000. Johnson Controls International makes up about 2.6% of Munro Partners’ holdings, making the stock its 17th largest position.
Several other institutional investors also recently bought and sold shares of the stock. Truvestments Capital LLC boosted its stake in shares of Johnson Controls International by 425.0% during the 1st quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock worth $25,000 after acquiring an additional 255 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Johnson Controls International in the 2nd quarter worth approximately $28,000. Activest Wealth Management boosted its position in Johnson Controls International by 56.4% during the first quarter. Activest Wealth Management now owns 369 shares of the company’s stock worth $30,000 after purchasing an additional 133 shares during the period. MTM Investment Management LLC bought a new stake in Johnson Controls International during the second quarter worth approximately $32,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in Johnson Controls International during the second quarter valued at approximately $34,000. 90.05% of the stock is currently owned by institutional investors.
Johnson Controls International Stock Down 2.8%
NYSE JCI opened at $114.79 on Friday. Johnson Controls International plc has a twelve month low of $68.03 and a twelve month high of $123.78. The stock has a market cap of $70.15 billion, a PE ratio of 22.55, a PEG ratio of 1.38 and a beta of 1.41. The firm has a 50-day simple moving average of $114.00 and a 200 day simple moving average of $108.75. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.76 and a current ratio of 0.93.
Johnson Controls International Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Monday, December 22nd will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, December 22nd. Johnson Controls International’s dividend payout ratio (DPR) is 31.43%.
Insiders Place Their Bets
In other Johnson Controls International news, VP Lei Zhang Schlitz sold 32,031 shares of Johnson Controls International stock in a transaction on Friday, November 21st. The shares were sold at an average price of $113.20, for a total transaction of $3,625,909.20. Following the sale, the vice president owned 66,780 shares in the company, valued at $7,559,496. The trade was a 32.42% 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. 0.54% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several research firms recently issued reports on JCI. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a report on Wednesday, October 8th. Robert W. Baird boosted their target price on shares of Johnson Controls International from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. HSBC raised their price target on Johnson Controls International from $79.00 to $127.00 and gave the company a “hold” rating in a research report on Monday, November 24th. UBS Group reissued a “buy” rating and set a $124.00 price objective on shares of Johnson Controls International in a research report on Thursday, November 6th. Finally, Citigroup increased their target price on Johnson Controls International from $112.00 to $119.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. Ten research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $121.32.
View Our Latest Stock Analysis on JCI
About Johnson Controls International
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.
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