Mizuho Securities USA LLC Has $14.32 Million Stake in Johnson Controls International plc (NYSE:JCI)

Mizuho Securities USA LLC lifted its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 255.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 184,494 shares of the company's stock after purchasing an additional 132,547 shares during the quarter. Mizuho Securities USA LLC's holdings in Johnson Controls International were worth $14,319,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of JCI. Fortitude Family Office LLC raised its position in Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company's stock worth $33,000 after acquiring an additional 278 shares in the last quarter. Continuum Advisory LLC increased its holdings in shares of Johnson Controls International by 65.2% during the second quarter. Continuum Advisory LLC now owns 527 shares of the company's stock worth $35,000 after buying an additional 208 shares in the last quarter. Wolff Wiese Magana LLC raised its position in Johnson Controls International by 977.3% in the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company's stock valued at $37,000 after purchasing an additional 430 shares during the last quarter. Western Pacific Wealth Management LP bought a new position in shares of Johnson Controls International during the third quarter valued at $44,000. Finally, Hexagon Capital Partners LLC raised its position in shares of Johnson Controls International by 39.7% during the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company's stock worth $47,000 after acquiring an additional 202 shares during the last quarter. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Stock Down 0.9 %

Shares of NYSE JCI traded down $0.74 during mid-day trading on Friday, reaching $84.40. The company had a trading volume of 3,143,791 shares, compared to its average volume of 3,951,462. The firm has a 50 day simple moving average of $76.84 and a two-hundred day simple moving average of $71.69. The stock has a market cap of $56.38 billion, a P/E ratio of 33.23, a PEG ratio of 2.36 and a beta of 1.29. Johnson Controls International plc has a 52-week low of $51.40 and a 52-week 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were given a dividend of $0.37 per share. The ex-dividend date was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.75%. Johnson Controls International's payout ratio is 58.27%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Morgan Stanley initiated coverage on shares of Johnson Controls International in a report on Friday, September 6th. They set an "overweight" rating and a $85.00 price objective on the stock. Robert W. Baird boosted their price target on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. The Goldman Sachs Group raised their target price on Johnson Controls International from $73.00 to $81.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Wells Fargo & Company lifted their price objective on shares of Johnson Controls International from $84.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Finally, UBS Group started coverage on shares of Johnson Controls International in a report on Wednesday. They set a "neutral" rating and a $90.00 target price on the stock. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $77.21.

Insider Activity

In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of Johnson Controls International 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 completion of the transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $90,383,385.17. The trade was a 8.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total value of $84,899.25. Following the completion of the sale, the chief operating officer now directly owns 143,488 shares in the company, valued at $10,438,752. This represents a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 226,141 shares of company stock worth $16,904,519 over the last ninety days. 0.69% of the stock is currently owned by insiders.

About Johnson Controls International

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.