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

PNC Financial Services Group Inc. lifted its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 3.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 350,202 shares of the company’s stock after purchasing an additional 12,568 shares during the quarter. PNC Financial Services Group Inc. owned 0.05% of Johnson Controls International worth $27,179,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Fifth Third Wealth Advisors LLC grew its holdings in shares of Johnson Controls International by 16.3% during the third quarter. Fifth Third Wealth Advisors LLC now owns 8,828 shares of the company’s stock worth $685,000 after buying an additional 1,239 shares in the last quarter. Pathstone Holdings LLC grew its stake in shares of Johnson Controls International by 2.4% during the 3rd quarter. Pathstone Holdings LLC now owns 61,247 shares of the company’s stock worth $4,754,000 after acquiring an additional 1,411 shares in the last quarter. Baron Wealth Management LLC acquired a new stake in shares of Johnson Controls International in the third quarter valued at approximately $219,000. Thrivent Financial for Lutherans lifted its position in shares of Johnson Controls International by 15.1% in the third quarter. Thrivent Financial for Lutherans now owns 39,279 shares of the company’s stock worth $3,049,000 after purchasing an additional 5,152 shares in the last quarter. Finally, Maxwell Wealth Strategies Inc. boosted its holdings in Johnson Controls International by 34.5% during the third quarter. Maxwell Wealth Strategies Inc. now owns 15,543 shares of the company’s stock worth $1,164,000 after purchasing an additional 3,984 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total transaction of $231,240.00. Following the sale, the chief operating officer now owns 140,488 shares of the company’s stock, valued at approximately $10,828,815.04. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO George Oliver sold 224,152 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total value of $18,541,853.44. Following the sale, the chief executive officer now owns 1,166,992 shares in the company, valued at $96,533,578.24. This represents a 16.11 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 561,095 shares of company stock valued at $44,820,037. Corporate insiders own 0.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Morgan Stanley started coverage on Johnson Controls International in a research report on Friday, September 6th. They set an “overweight” rating and a $85.00 price target for the company. Bank of America raised their target price on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. The Goldman Sachs Group upped their price target on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Robert W. Baird boosted 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, November 7th. Finally, UBS Group began coverage on shares of Johnson Controls International in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 target price for the company. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $77.21.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $84.24 on Friday. The company has a 50 day moving average of $77.91 and a 200-day moving average of $72.24. The company has a market cap of $56.27 billion, a PE ratio of 33.16, a price-to-earnings-growth ratio of 2.33 and a beta of 1.29. 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 plc has a 1-year low of $51.70 and a 1-year high of $87.16.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were paid a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 annualized dividend and a dividend yield of 1.76%. Johnson Controls International’s payout ratio is 58.27%.

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.