Pacer Advisors Inc. lessened its holdings in shares of Johnson Controls International plc (NYSE:JCI – Free Report) by 4.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,628 shares of the company’s stock after selling 5,978 shares during the quarter. Pacer Advisors Inc.’s holdings in Johnson Controls International were worth $15,403,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Johnson Controls International by 0.6% in the third quarter. State Street Corp now owns 28,684,645 shares of the company’s stock valued at $3,165,286,000 after buying an additional 163,167 shares in the last quarter. Franklin Resources Inc. lifted its position in Johnson Controls International by 3.3% in the 4th quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock valued at $2,712,949,000 after acquiring an additional 718,245 shares in the last quarter. Fisher Asset Management LLC lifted its position in Johnson Controls International by 1.7% in the 4th quarter. Fisher Asset Management LLC now owns 17,239,953 shares of the company’s stock valued at $2,064,485,000 after acquiring an additional 280,704 shares in the last quarter. Invesco Ltd. boosted its stake in Johnson Controls International by 13.0% during the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock valued at $1,916,417,000 after purchasing an additional 1,837,220 shares during the last quarter. Finally, Norges Bank bought a new stake in Johnson Controls International during the 4th quarter worth approximately $927,739,000. Institutional investors and hedge funds own 90.05% of the company’s stock.
Johnson Controls International Price Performance
Shares of NYSE JCI opened at $153.72 on Wednesday. The company has a market capitalization of $93.12 billion, a PE ratio of 26.73, a PEG ratio of 1.52 and a beta of 1.31. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61. The stock’s 50 day moving average price is $142.89 and its 200-day moving average price is $137.75. Johnson Controls International plc has a twelve month low of $103.07 and a twelve month high of $154.32.
Johnson Controls International Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 15th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. Johnson Controls International’s dividend payout ratio (DPR) is currently 27.83%.
Insiders Place Their Bets
In related news, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the completion of the transaction, the vice president owned 57,059 shares in the company, valued at approximately $8,044,748.41. This represents a 60.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Todd M. Grabowski sold 1,800 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the sale, the vice president owned 26,215 shares of the company’s stock, valued at $3,832,633. This trade represents a 6.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.29% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently commented on JCI. The Goldman Sachs Group increased their price objective on Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Wells Fargo & Company upped their price target on Johnson Controls International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Oppenheimer reissued a “market perform” rating on shares of Johnson Controls International in a research report on Tuesday, June 2nd. Mizuho raised their price objective on Johnson Controls International from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Johnson Controls International from $158.00 to $162.00 in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Johnson Controls International presently has an average rating of “Moderate Buy” and an average target price of $153.30.
Check Out Our Latest Research Report on JCI
Johnson Controls International Profile
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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