Geode Capital Management LLC Has $1.09 Billion Stake in Johnson Controls International plc (NYSE:JCI)

Geode Capital Management LLC raised its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,818,777 shares of the company's stock after purchasing an additional 343,517 shares during the quarter. Geode Capital Management LLC owned about 2.09% of Johnson Controls International worth $1,087,670,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Townsquare Capital LLC lifted its stake in Johnson Controls International by 29.9% during the third quarter. Townsquare Capital LLC now owns 14,101 shares of the company's stock valued at $1,094,000 after purchasing an additional 3,247 shares during the last quarter. CreativeOne Wealth LLC bought a new stake in shares of Johnson Controls International during the 3rd quarter worth $328,000. Public Sector Pension Investment Board grew its holdings in shares of Johnson Controls International by 14.1% in the 3rd quarter. Public Sector Pension Investment Board now owns 28,321 shares of the company's stock worth $2,198,000 after acquiring an additional 3,500 shares during the last quarter. Benjamin Edwards Inc. raised its position in shares of Johnson Controls International by 80.9% during the third quarter. Benjamin Edwards Inc. now owns 5,280 shares of the company's stock worth $410,000 after purchasing an additional 2,362 shares during the period. Finally, Hilltop Holdings Inc. lifted its holdings in shares of Johnson Controls International by 14.3% during the third quarter. Hilltop Holdings Inc. now owns 6,582 shares of the company's stock valued at $511,000 after purchasing an additional 825 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Johnson Controls International Stock Down 6.8 %

Shares of JCI traded down $5.66 during mid-day trading on Thursday, hitting $77.20. 5,782,522 shares of the company's stock were exchanged, compared to its average volume of 4,409,369. The stock has a market cap of $50.96 billion, a price-to-earnings ratio of 29.47, a P/E/G ratio of 1.96 and a beta of 1.32. The firm has a fifty day moving average of $82.83 and a two-hundred day moving average of $80.76. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a twelve month low of $59.83 and a twelve month high of $91.14.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping the consensus estimate 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 year.

Johnson Controls International Dividend Announcement

The business 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. The ex-dividend date is Monday, March 24th. This represents a $1.48 annualized dividend and a yield of 1.92%. Johnson Controls International's dividend payout ratio (DPR) is currently 56.49%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on JCI shares. Argus upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 target price for the company in a report on Friday, December 20th. Citigroup lowered 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. Melius Research restated a "hold" rating and issued a $95.00 target price on shares of Johnson Controls International in a report on Tuesday, January 28th. Royal Bank of Canada raised their target price on Johnson Controls International from $86.00 to $93.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Finally, Barclays dropped their price target on Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Monday, March 10th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $91.27.

Insider Buying and Selling at Johnson Controls International

In related news, VP Nathan D. Manning sold 1,421 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the completion of the sale, the vice president now directly owns 148,346 shares of the company's stock, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George Oliver sold 15,669 shares of Johnson Controls International stock in a transaction on Friday, March 14th. The stock was sold at an average price of $77.49, for a total transaction of $1,214,190.81. Following the completion of the transaction, the director now owns 1,003,893 shares in the company, valued at $77,791,668.57. This trade represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 907,286 shares of company stock worth $77,938,071 over the last 90 days. Insiders own 0.54% of the company's stock.

Johnson Controls International Company 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.