iA Global Asset Management Inc. Buys 74,646 Shares of Johnson Controls International plc (NYSE:JCI)

iA Global Asset Management Inc. lifted its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 973.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,317 shares of the company's stock after purchasing an additional 74,646 shares during the period. iA Global Asset Management Inc.'s holdings in Johnson Controls International were worth $6,389,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in JCI. State Street Corp raised its position in Johnson Controls International by 1.1% in the 3rd quarter. State Street Corp now owns 27,939,766 shares of the company's stock valued at $2,178,595,000 after purchasing an additional 300,712 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Johnson Controls International by 3.4% during the 3rd quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company's stock valued at $1,187,084,000 after acquiring an additional 509,293 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Johnson Controls International by 8.9% during the second quarter. Dimensional Fund Advisors LP now owns 5,855,075 shares of the company's stock valued at $389,214,000 after acquiring an additional 479,548 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Johnson Controls International by 514.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company's stock valued at $418,439,000 after buying an additional 4,514,792 shares during the period. Finally, Raymond James & Associates increased its holdings in Johnson Controls International by 5.6% during the 3rd quarter. Raymond James & Associates now owns 4,735,147 shares of the company's stock worth $367,495,000 after purchasing an additional 249,405 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Stock Up 1.5 %

Shares of JCI stock traded up $1.25 on Friday, hitting $84.34. 4,223,078 shares of the stock were exchanged, compared to its average volume of 3,395,998. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $55.85 billion, a P/E ratio of 33.20, a price-to-earnings-growth ratio of 2.35 and a beta of 1.31. Johnson Controls International plc has a fifty-two week low of $51.70 and a fifty-two week high of $87.16. The business has a 50-day moving average of $79.91 and a 200 day moving average of $73.54.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Monday, December 23rd will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Monday, December 23rd. Johnson Controls International's dividend payout ratio (DPR) is currently 58.27%.

Insider Transactions at Johnson Controls International

In other news, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction on 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 sale, the chief operating officer now owns 140,488 shares of the company's stock, valued at approximately $10,828,815.04. This trade represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO George Oliver sold 170,430 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $83.70, for a total transaction of $14,264,991.00. Following the sale, the chief executive officer now owns 1,166,992 shares in the company, valued at $97,677,230.40. The trade was a 12.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 740,662 shares of company stock worth $59,869,133 in the last three months. Insiders own 0.69% of the company's stock.

Analyst Ratings Changes

JCI has been the topic of a number of analyst reports. Wells Fargo & Company increased their price objective on shares of Johnson Controls International from $84.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Royal Bank of Canada upped their price target on Johnson Controls International from $81.00 to $86.00 and gave the company a "sector perform" rating in a report on Thursday, November 7th. UBS Group assumed 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. Robert W. Baird raised their target price on Johnson Controls International from $80.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Finally, Oppenheimer boosted their price objective on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Johnson Controls International currently has a consensus rating of "Hold" and a consensus price target of $78.57.

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.