239,301 Shares in Johnson Controls International plc (NYSE:JCI) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 239,301 shares of the company's stock, valued at approximately $18,978,000.

Several other hedge funds and other institutional investors also recently modified their holdings of JCI. Compass Financial Services Inc bought a new position in Johnson Controls International in the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Johnson Controls International during the fourth quarter worth $29,000. Synergy Asset Management LLC bought a new stake in shares of Johnson Controls International during the fourth quarter worth about $42,000. ST Germain D J Co. Inc. grew its stake in shares of Johnson Controls International by 32.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company's stock worth $43,000 after purchasing an additional 134 shares during the last quarter. Finally, Gables Capital Management Inc. boosted its stake in shares of Johnson Controls International by 132.0% in the 4th quarter. Gables Capital Management Inc. now owns 580 shares of the company's stock valued at $46,000 after purchasing an additional 330 shares during the last quarter. Institutional investors own 90.05% of the company's stock.

Insiders Place Their Bets

In related news, VP Nathan D. Manning sold 1,421 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $76.44, for a total transaction of $108,621.24. Following the completion of the transaction, the vice president now directly owns 148,346 shares in the company, valued at $11,339,568.24. The trade was a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Daniel C. Mcconeghy sold 1,950 shares of Johnson Controls International stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $87.73, for a total value of $171,073.50. Following the sale, the vice president now 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. Insiders sold 905,864 shares of company stock worth $77,824,710 over the last quarter. 0.54% of the stock is currently owned by company insiders.

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Johnson Controls International Stock Performance

Shares of Johnson Controls International stock traded down $0.25 during trading hours on Tuesday, hitting $84.27. 3,086,262 shares of the company's stock traded hands, compared to its average volume of 4,176,080. The stock has a market capitalization of $55.63 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a 12-month low of $59.83 and a 12-month high of $91.14. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The company has a fifty day simple moving average of $82.80 and a 200-day simple moving average of $80.28.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping 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%. Equities research 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 declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 annualized dividend and a dividend yield of 1.76%. Johnson Controls International's payout ratio is 56.49%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on JCI shares. JPMorgan Chase & Co. increased their price target on Johnson Controls International from $87.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Melius Research restated a "hold" rating and set a $95.00 target price on shares of Johnson Controls International in a research report on Tuesday, January 28th. Wells Fargo & Company lifted their target price on Johnson Controls International from $92.00 to $98.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Melius lowered Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price target on the stock. in a research note on Tuesday, January 28th. Finally, Morgan Stanley raised their price objective on shares of Johnson Controls International from $95.00 to $105.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.