PNC Financial Services Group Inc. Has $27.18 Million Stock Holdings in Johnson Controls International plc (NYSE:JCI)

PNC Financial Services Group Inc. lifted its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 3.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 350,202 shares of the company's stock after purchasing an additional 12,568 shares during the period. PNC Financial Services Group Inc. owned approximately 0.05% of Johnson Controls International worth $27,179,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in Johnson Controls International by 8.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,855,075 shares of the company's stock worth $389,214,000 after purchasing an additional 479,548 shares during the period. Raymond James & Associates raised its position in Johnson Controls International by 5.6% during the third quarter. Raymond James & Associates now owns 4,735,147 shares of the company's stock valued at $367,495,000 after buying an additional 249,405 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Johnson Controls International by 686.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company's stock worth $295,487,000 after acquiring an additional 3,880,146 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Johnson Controls International by 2.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,401,984 shares of the company's stock worth $159,660,000 after acquiring an additional 59,274 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its stake in Johnson Controls International by 2.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,120,275 shares of the company's stock valued at $140,935,000 after acquiring an additional 42,106 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Price Performance

Shares of NYSE JCI traded down $0.54 during midday trading on Friday, reaching $83.45. 3,552,574 shares of the company traded hands, compared to its average volume of 4,891,573. The stock's 50-day simple moving average is $78.13 and its 200-day simple moving average is $72.38. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. Johnson Controls International plc has a 12 month low of $51.70 and a 12 month high of $87.16. The firm has a market cap of $55.75 billion, a PE ratio of 32.85, a PEG ratio of 2.33 and a beta of 1.29.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International's payout ratio is 58.27%.

Insider Activity

In related news, CEO George Oliver sold 110,616 shares of the business's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $84.60, for a total value of $9,358,113.60. Following the completion of the transaction, the chief executive officer now owns 1,244,617 shares in the company, valued at $105,294,598.20. The trade was a 8.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of the business's stock in a transaction that occurred 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 sale, the chief operating officer now directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 561,095 shares of company stock worth $44,820,037. Insiders own 0.69% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on JCI shares. The Goldman Sachs Group upped their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. StockNews.com downgraded shares of Johnson Controls International from a "buy" rating to a "hold" rating in a research note on Wednesday. Barclays lifted their price objective on Johnson Controls International from $62.00 to $64.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 2nd. Bank of America upped their target price on Johnson Controls International from $80.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. Finally, Royal Bank of Canada lifted 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. Twelve analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $77.21.

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.