AMF Tjanstepension AB Purchases 873,841 Shares of Johnson Controls International plc (NYSE:JCI)

AMF Tjanstepension AB raised its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 500.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,048,377 shares of the company's stock after buying an additional 873,841 shares during the period. AMF Tjanstepension AB owned about 0.16% of Johnson Controls International worth $82,797,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Concurrent Investment Advisors LLC grew its stake in shares of Johnson Controls International by 24.7% in the third quarter. Concurrent Investment Advisors LLC now owns 6,259 shares of the company's stock worth $486,000 after purchasing an additional 1,240 shares during the last quarter. Graypoint LLC bought a new stake in shares of Johnson Controls International in the 3rd quarter worth approximately $244,000. Western Pacific Wealth Management LP purchased a new position in shares of Johnson Controls International during the third quarter valued at approximately $44,000. Consolidated Planning Corp increased its stake in shares of Johnson Controls International by 3.9% during the third quarter. Consolidated Planning Corp now owns 79,620 shares of the company's stock valued at $6,179,000 after buying an additional 2,970 shares during the period. Finally, Comprehensive Financial Consultants Institutional Inc. raised its holdings in shares of Johnson Controls International by 2.3% during the third quarter. Comprehensive Financial Consultants Institutional Inc. now owns 57,566 shares of the company's stock valued at $4,468,000 after acquiring an additional 1,300 shares in the last quarter. Institutional investors own 90.05% of the company's stock.

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Insiders Place Their Bets

In related news, CEO George Oliver sold 129,263 shares of Johnson Controls International stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $83.55, for a total value of $10,799,923.65. Following the completion of the sale, the chief executive officer now directly owns 1,203,893 shares in the company, valued at approximately $100,585,260.15. This trade represents a 9.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $87.73, for a total value of $171,073.50. Following the completion of the transaction, the vice president now directly owns 24,803 shares of the company's stock, valued at approximately $2,175,967.19. This trade represents a 7.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 706,050 shares of company stock valued at $61,972,667. Corporate insiders own 0.54% of the company's stock.

Johnson Controls International Stock Up 2.3 %

Shares of JCI traded up $1.75 during trading hours on Wednesday, hitting $78.74. The company had a trading volume of 4,958,047 shares, compared to its average volume of 4,715,560. The stock has a market capitalization of $51.98 billion, a price-to-earnings ratio of 30.05, a P/E/G ratio of 1.96 and a beta of 1.32. The firm has a fifty day moving average price of $82.45 and a 200-day moving average price of $79.64. Johnson Controls International plc has a 52-week low of $59.83 and a 52-week high of $91.14. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share 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, equities research analysts forecast that Johnson Controls International plc will post 3.64 EPS 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. Shareholders 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 1.88%. Johnson Controls International's payout ratio is 56.49%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on JCI. Citigroup reduced their price objective on shares of Johnson Controls International from $85.00 to $84.00 and set a "neutral" rating on the stock in a research report on Monday, January 13th. Argus upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 price target on the stock in a research report on Friday, December 20th. JPMorgan Chase & Co. raised their price objective on shares of Johnson Controls International from $87.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. 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. Finally, Barclays decreased their target price 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. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.27.

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.