104,000 Shares in Johnson Controls International plc (NYSE:JCI) Bought by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co bought a new position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 104,000 shares of the company's stock, valued at approximately $8,209,000.

A number of other institutional investors also recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in Johnson Controls International in the fourth quarter worth $568,309,000. Norges Bank purchased a new position in shares of Johnson Controls International during the fourth quarter valued at approximately $560,549,000. Amundi grew its holdings in Johnson Controls International by 76.7% in the 4th quarter. Amundi now owns 3,870,478 shares of the company's stock valued at $309,422,000 after buying an additional 1,680,431 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Johnson Controls International by 6.0% in the 4th quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company's stock valued at $1,842,571,000 after purchasing an additional 1,325,500 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd lifted its stake in shares of Johnson Controls International by 391,951.9% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 1,215,361 shares of the company's stock valued at $95,936,000 after purchasing an additional 1,215,051 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Stock Up 1.3 %

NYSE:JCI traded up $0.99 on Friday, hitting $77.22. 855,567 shares of the company's stock traded hands, compared to its average volume of 4,457,124. The firm has a 50-day moving average price of $82.34 and a 200-day moving average price of $80.78. 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 company has a market cap of $50.97 billion, a PE ratio of 29.49, a price-to-earnings-growth ratio of 1.96 and a beta of 1.22. Johnson Controls International plc has a 1 year low of $59.83 and a 1 year high of $91.14.

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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 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%. Equities analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently disclosed 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 of this dividend is Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a yield of 1.92%. Johnson Controls International's dividend payout ratio is currently 56.49%.

Analyst Ratings Changes

Several research analysts have commented on the company. Royal Bank of Canada raised their price objective on Johnson Controls International from $86.00 to $93.00 and gave the company a "sector perform" rating in a research report on Thursday, February 6th. Melius Research reissued a "hold" rating and set a $95.00 price target on shares of Johnson Controls International in a research report on Tuesday, January 28th. UBS Group upgraded Johnson Controls International from a "neutral" rating to a "buy" rating and raised their target price for the company from $90.00 to $103.00 in a research note on Monday, February 10th. Barclays lowered their target price 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. Finally, Morgan Stanley upped their price target on shares of Johnson Controls International from $95.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $90.00.

Insider Activity at Johnson Controls International

In related news, CEO George Oliver sold 205,168 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $88.03, for a total value of $18,060,939.04. Following the transaction, the chief executive officer now directly owns 1,260,527 shares of the company's stock, valued at approximately $110,964,191.81. This trade represents a 14.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total value of $171,073.50. Following the transaction, the vice president now owns 24,803 shares in the company, 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. Over the last quarter, insiders have sold 907,286 shares of company stock valued at $77,938,071. 0.54% of the stock is currently owned by corporate insiders.

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.