Johnson Controls International plc (NYSE:JCI) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,475,260 shares of the company's stock after acquiring an additional 71,493 shares during the period. Geode Capital Management LLC owned 2.02% of Johnson Controls International worth $1,041,822,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its stake in Johnson Controls International by 9.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 51,878 shares of the company's stock valued at $3,448,000 after purchasing an additional 4,601 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of Johnson Controls International by 1.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 90,487 shares of the company's stock worth $6,015,000 after acquiring an additional 1,173 shares during the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in Johnson Controls International in the second quarter valued at approximately $215,000. Triad Wealth Partners LLC acquired a new position in Johnson Controls International during the second quarter worth approximately $89,000. Finally, Lathrop Investment Management Corp raised its stake in Johnson Controls International by 30.3% during the second quarter. Lathrop Investment Management Corp now owns 162,210 shares of the company's stock worth $10,782,000 after purchasing an additional 37,731 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Morgan Stanley assumed coverage on Johnson Controls International in a research report on Friday, September 6th. They issued an "overweight" rating and a $85.00 target price on the stock. Royal Bank of Canada boosted their target price on Johnson Controls International from $81.00 to $86.00 and gave the stock a "sector perform" rating in a report on Thursday, November 7th. Barclays raised their price target on shares of Johnson Controls International from $75.00 to $83.00 and gave the company an "equal weight" rating in a report on Thursday, December 5th. UBS Group began coverage on shares of Johnson Controls International in a research note on Wednesday, November 13th. They set a "neutral" rating and a $90.00 price objective for the company. Finally, Robert W. Baird raised their target price on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Twelve investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $78.57.

Insider Activity at Johnson Controls International

In related news, CEO George Oliver sold 110,615 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at $95,507,639.29. This represents a 8.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Nathan D. Manning sold 3,000 shares of the firm's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total transaction of $231,240.00. Following the completion of the transaction, the chief operating officer now directly owns 140,488 shares in the company, valued at $10,828,815.04. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 872,389 shares of company stock valued at $70,763,920 over the last three months. 0.69% of the stock is owned by insiders.

Johnson Controls International Stock Down 0.8 %

NYSE JCI traded down $0.69 during trading hours on Thursday, reaching $83.33. 2,087,305 shares of the company traded hands, compared to its average volume of 4,810,299. The company has a 50 day moving average of $80.30 and a two-hundred day moving average of $73.75. The stock has a market capitalization of $55.18 billion, a PE ratio of 33.09, a PEG ratio of 2.35 and a beta of 1.31. Johnson Controls International plc has a 12 month low of $51.70 and a 12 month high of $87.16. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Monday, December 23rd will be paid a $0.37 dividend. The ex-dividend date is Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.78%. Johnson Controls International's dividend payout ratio (DPR) is 58.27%.

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.