PGGM Investments Boosts Stock Position in Johnson Controls International plc (NYSE:JCI)

PGGM Investments grew its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 62.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,727 shares of the company's stock after buying an additional 30,155 shares during the quarter. PGGM Investments' holdings in Johnson Controls International were worth $6,214,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Compass Financial Services Inc acquired a new stake in shares of Johnson Controls International during the fourth quarter valued at $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Johnson Controls International during the fourth quarter valued at $29,000. Synergy Asset Management LLC acquired a new stake in shares of Johnson Controls International during the fourth quarter valued at $42,000. ST Germain D J Co. Inc. boosted its stake in shares of Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company's stock valued at $43,000 after acquiring 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% during the fourth quarter. Gables Capital Management Inc. now owns 580 shares of the company's stock valued at $46,000 after acquiring an additional 330 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Johnson Controls International Trading Up 0.1 %

Shares of NYSE JCI traded up $0.07 during midday trading on Tuesday, hitting $81.58. The stock had a trading volume of 4,735,976 shares, compared to its average volume of 4,678,855. The company has a market capitalization of $53.86 billion, a price-to-earnings ratio of 31.14, a PEG ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a 1-year low of $59.83 and a 1-year high of $91.14. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The company has a fifty day moving average price of $82.45 and a 200 day moving average price of $79.87.

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Johnson Controls International (NYSE:JCI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. On average, analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be issued a dividend of $0.37 per share. The ex-dividend date is Monday, March 24th. This represents a $1.48 annualized dividend and a dividend yield of 1.81%. Johnson Controls International's payout ratio is currently 56.49%.

Insider Activity at Johnson Controls International

In related news, VP Nathan D. Manning sold 1,421 shares of the firm'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 sale, the vice president now directly owns 148,346 shares in the company, valued at approximately $11,339,568.24. This trade represents a 0.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO George Oliver sold 205,168 shares of the firm's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $88.03, for a total value of $18,060,939.04. Following the sale, the chief executive officer now owns 1,260,527 shares in the company, valued at approximately $110,964,191.81. The trade was a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 906,050 shares of company stock worth $77,839,329. 0.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on JCI shares. StockNews.com lowered Johnson Controls International from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Melius lowered Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price objective on the stock. in a research note on Tuesday, January 28th. JPMorgan Chase & Co. raised their price target on Johnson Controls International from $87.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Royal Bank of Canada raised their price target on Johnson Controls International from $86.00 to $93.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 6th. Finally, Melius Research reissued a "hold" rating and issued a $95.00 price target on shares of Johnson Controls International in a research note on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Johnson Controls International has an average rating of "Moderate Buy" and a consensus 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.