Johnson Controls International plc (NYSE:JCI) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB raised its stake in Johnson Controls International plc (NYSE:JCI) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,970 shares of the company’s stock after acquiring an additional 2,953 shares during the quarter. Nordea Investment Management AB’s holdings in Johnson Controls International were worth $4,817,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in JCI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Johnson Controls International by 514.9% during 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 valued at $418,439,000 after buying an additional 4,514,792 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of 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 during the last quarter. Point72 Asset Management L.P. increased its stake in shares of Johnson Controls International by 263.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,341,919 shares of the company’s stock worth $89,197,000 after acquiring an additional 973,145 shares during the last quarter. Electron Capital Partners LLC grew its holdings in shares of Johnson Controls International by 81.3% during the 2nd quarter. Electron Capital Partners LLC now owns 1,432,335 shares of the company’s stock worth $95,207,000 after purchasing an additional 642,315 shares during the period. Finally, Interval Partners LP grew its holdings in shares of Johnson Controls International by 601.5% during the 2nd quarter. Interval Partners LP now owns 676,676 shares of the company’s stock worth $44,979,000 after purchasing an additional 580,212 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on JCI shares. Barclays raised their target price on Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Robert W. Baird raised their target price on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Friday, December 20th. Finally, UBS Group initiated coverage on Johnson Controls International in a research report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $81.07.

Johnson Controls International Stock Down 1.7 %

JCI opened at $78.70 on Friday. Johnson Controls International plc has a one year low of $51.71 and a one year high of $87.16. The company has a market cap of $52.11 billion, a price-to-earnings ratio of 30.98, a PEG ratio of 2.31 and a beta of 1.32. The business’s fifty day moving average is $81.89 and its two-hundred day moving average is $75.22. 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 Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.88%. Johnson Controls International’s dividend payout ratio (DPR) is 58.27%.

Insider Transactions at Johnson Controls International

In related news, CEO George Oliver sold 224,152 shares of the company’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 completion of the transaction, the chief executive officer now directly owns 1,166,992 shares in the company, valued at approximately $96,533,578.24. This represents a 16.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the transaction, the executive vice president now owns 32,246 shares of the company’s stock, valued at $2,687,704.10. The trade was a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 758,588 shares of company stock valued at $62,480,987 over the last three months. 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.