Allianz SE Takes $621,000 Position in Johnson Controls International plc (NYSE:JCI)

Allianz SE bought a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 7,870 shares of the company's stock, valued at approximately $621,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Johnson Controls International by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 68,156,110 shares of the company's stock valued at $5,379,562,000 after purchasing an additional 179,743 shares in the last quarter. State Street Corp grew its stake in shares of Johnson Controls International by 1.1% in the 3rd quarter. State Street Corp now owns 27,939,766 shares of the company's stock worth $2,178,595,000 after buying an additional 300,712 shares during the last quarter. Fisher Asset Management LLC increased its position in Johnson Controls International by 2.9% during the 4th quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company's stock valued at $1,242,597,000 after buying an additional 447,513 shares in the last quarter. Geode Capital Management LLC raised its stake in Johnson Controls International by 0.5% during the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company's stock valued at $1,041,822,000 after buying an additional 71,493 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Johnson Controls International in the fourth quarter worth $568,309,000. 90.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on JCI shares. Barclays lowered their price target on Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating for the company in a research report on Monday, March 10th. Wells Fargo & Company raised their price objective on shares of Johnson Controls International from $92.00 to $98.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. UBS Group upgraded shares of Johnson Controls International from a "neutral" rating to a "buy" rating and upped their target price for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. Argus raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 price target for the company in a research report on Friday, December 20th. Finally, Melius cut Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price objective on the stock. in a research report on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Johnson Controls International presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.27.

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Insider Activity at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 1,950 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $87.73, for a total value of $171,073.50. Following the sale, the vice president now directly owns 24,803 shares of the company's stock, valued at $2,175,967.19. This represents a 7.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO George Oliver sold 162,894 shares of the company's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $89.28, for a total value of $14,543,176.32. Following the completion of the transaction, the chief executive officer now directly owns 1,203,893 shares in the company, valued at $107,483,567.04. This trade represents a 11.92 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 907,286 shares of company stock valued at $77,938,071. 0.54% of the stock is owned by corporate insiders.

Johnson Controls International Price Performance

Johnson Controls International stock traded down $3.83 during mid-day trading on Friday, hitting $73.40. The stock had a trading volume of 1,431,309 shares, compared to its average volume of 4,398,326. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The firm's 50 day moving average is $82.83 and its 200 day moving average is $80.76. Johnson Controls International plc has a one year low of $59.83 and a one year high of $91.14. The firm has a market capitalization of $48.45 billion, a P/E ratio of 28.13, a P/E/G ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. On average, sell-side analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Monday, March 24th. Johnson Controls International's dividend payout ratio (DPR) is presently 56.49%.

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.