M&G Plc Has $149.18 Million Stock Holdings in Johnson Controls International plc (NYSE:JCI)

M&G PLC boosted its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 2.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,912,580 shares of the company's stock after acquiring an additional 46,510 shares during the period. Johnson Controls International accounts for 0.8% of M&G PLC's holdings, making the stock its 27th biggest position. M&G PLC owned about 0.29% of Johnson Controls International worth $149,181,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in JCI. Rehmann Capital Advisory Group grew its position in shares of Johnson Controls International by 5.7% in the first quarter. Rehmann Capital Advisory Group now owns 4,904 shares of the company's stock valued at $320,000 after purchasing an additional 263 shares during the last quarter. SPC Financial Inc. bought a new position in Johnson Controls International during the 1st quarter worth $428,000. Texas Permanent School Fund Corp lifted its holdings in shares of Johnson Controls International by 0.3% during the first quarter. Texas Permanent School Fund Corp now owns 140,880 shares of the company's stock worth $9,202,000 after buying an additional 406 shares in the last quarter. Advisory Alpha LLC bought a new stake in shares of Johnson Controls International in the first quarter valued at about $204,000. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of Johnson Controls International by 16.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 89,314 shares of the company's stock valued at $5,834,000 after acquiring an additional 12,561 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Johnson Controls International Trading Up 0.5 %

Shares of NYSE:JCI traded up $0.44 during midday trading on Thursday, hitting $81.91. 4,775,378 shares of the stock were exchanged, compared to its average volume of 4,951,596. The business's 50-day moving average price is $74.87 and its 200 day moving average price is $70.72. The stock has a market capitalization of $54.72 billion, a price-to-earnings ratio of 34.19, a P/E/G ratio of 2.12 and a beta of 1.29. Johnson Controls International plc has a 12 month low of $50.00 and a 12 month high of $82.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.96.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.03. The firm had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $7.26 billion. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. Analysts predict that Johnson Controls International plc will post 3.68 earnings per share for the current year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were given a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.81%. Johnson Controls International's dividend payout ratio (DPR) is presently 61.92%.

Insider Activity

In related news, CEO George Oliver sold 110,615 shares of the company's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $90,383,385.17. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, COO Nathan D. Manning sold 1,167 shares of the business's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total value of $84,899.25. Following the transaction, the chief operating officer now directly owns 143,488 shares of the company's stock, valued at $10,438,752. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO George Oliver sold 110,615 shares of the business's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 226,141 shares of company stock valued at $16,904,519. Company insiders own 0.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on JCI shares. StockNews.com raised Johnson Controls International from a "hold" rating to a "buy" rating in a report on Monday. Robert W. Baird increased their price objective on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a "neutral" rating in a research note on Thursday. The Goldman Sachs Group raised their target price on shares of Johnson Controls International from $73.00 to $81.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Oppenheimer upped their price target on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, Morgan Stanley initiated coverage on shares of Johnson Controls International in a research note on Friday, September 6th. They issued an "overweight" rating and a $85.00 price objective on the stock. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Johnson Controls International currently has an average rating of "Hold" and a consensus price target of $75.64.

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.