28,466 Shares in Johnson Controls International plc (NYSE:JCI) Bought by Weiss Asset Management LP

Weiss Asset Management LP bought a new stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,466 shares of the company's stock, valued at approximately $2,209,000.

Other large investors also recently modified their holdings of the company. State Street Corp grew its holdings in Johnson Controls International by 1.1% during the third quarter. State Street Corp now owns 27,939,766 shares of the company's stock valued at $2,178,595,000 after purchasing an additional 300,712 shares during the period. Fisher Asset Management LLC lifted its position in shares of Johnson Controls International by 3.4% during the 3rd quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company's stock valued at $1,187,084,000 after buying an additional 509,293 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Johnson Controls International by 8.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,855,075 shares of the company's stock worth $389,214,000 after acquiring an additional 479,548 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Johnson Controls International by 514.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company's stock worth $418,439,000 after acquiring an additional 4,514,792 shares during the last quarter. Finally, Raymond James & Associates raised its stake in Johnson Controls International by 5.6% in the 3rd quarter. Raymond James & Associates now owns 4,735,147 shares of the company's stock valued at $367,495,000 after acquiring an additional 249,405 shares during the period. Hedge funds and other institutional investors own 90.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on JCI. Royal Bank of Canada increased their target price on shares of Johnson Controls International from $81.00 to $86.00 and gave the stock a "sector perform" rating in a research report on Thursday, November 7th. Robert W. Baird raised their price objective 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. UBS Group started coverage on shares of Johnson Controls International in a report on Wednesday, November 13th. They set a "neutral" rating and a $90.00 target price on the stock. Morgan Stanley began coverage on Johnson Controls International in a report on Friday, September 6th. They issued an "overweight" rating and a $85.00 price target for the company. Finally, Barclays boosted their price objective on Johnson Controls International from $75.00 to $83.00 and gave the company an "equal weight" rating in a research note on Thursday. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $78.57.

Johnson Controls International Price Performance

Shares of NYSE JCI traded up $1.25 during mid-day trading on Friday, reaching $84.34. 4,223,078 shares of the company were exchanged, compared to its average volume of 3,395,998. Johnson Controls International plc has a 52 week low of $51.70 and a 52 week high of $87.16. The company's 50 day moving average price is $79.91 and its 200 day moving average price is $73.54. The stock has a market capitalization of $55.85 billion, a PE ratio of 33.20, a PEG ratio of 2.35 and a beta of 1.31. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, December 23rd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Monday, December 23rd. Johnson Controls International's payout ratio is currently 58.27%.

Insider Activity

In related news, CEO George Oliver sold 110,615 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of 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 8.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Nathan D. Manning sold 3,000 shares of the firm'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 value of $231,240.00. Following the transaction, the chief operating officer now owns 140,488 shares in the company, valued at approximately $10,828,815.04. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 740,662 shares of company stock worth $59,869,133. 0.69% of the stock is currently owned by insiders.

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.