ING Groep NV Takes Position in Johnson Controls International plc (NYSE:JCI)

ING Groep NV purchased a new position in shares of Johnson Controls International plc (NYSE:JCI) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 204,319 shares of the company’s stock, valued at approximately $16,127,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. State Street Corp lifted its stake in shares of Johnson Controls International by 1.1% during the 3rd quarter. State Street Corp now owns 27,939,766 shares of the company’s stock worth $2,178,595,000 after acquiring an additional 300,712 shares during the last quarter. Fisher Asset Management LLC lifted its stake 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 worth $1,187,084,000 after acquiring an additional 509,293 shares during the last quarter. Geode Capital Management LLC increased its holdings in Johnson Controls International by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock worth $1,041,822,000 after purchasing an additional 71,493 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% 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 worth $418,439,000 after purchasing an additional 4,514,792 shares during the period. Finally, abrdn plc increased its holdings in Johnson Controls International by 6.1% during the 3rd quarter. abrdn plc now owns 1,974,268 shares of the company’s stock worth $152,157,000 after purchasing an additional 112,955 shares during the period. 90.05% of the stock is owned by institutional investors.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 205,168 shares of Johnson Controls International stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the completion of the sale, the chief executive officer now owns 1,260,527 shares of the company’s stock, valued at approximately $110,964,191.81. The trade was a 14.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Marlon Sullivan sold 7,230 shares of Johnson Controls International stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the sale, the executive vice president now directly owns 32,246 shares of the company’s stock, valued at approximately $2,687,704.10. This represents a 18.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 719,004 shares of company stock valued at $62,950,067 in the last quarter. 0.54% of the stock is currently owned by corporate insiders.

Johnson Controls International Stock Down 1.9 %

Johnson Controls International stock opened at $88.69 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The stock has a market capitalization of $58.55 billion, a price-to-earnings ratio of 33.85, a PEG ratio of 1.99 and a beta of 1.32. Johnson Controls International plc has a 1-year low of $56.44 and a 1-year high of $91.14. The business has a fifty day moving average price of $82.01 and a 200-day moving average price of $78.25.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. Equities research analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were given a $0.37 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.67%. Johnson Controls International’s payout ratio is 56.49%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Citigroup reduced their price objective on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. UBS Group upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $90.00 to $103.00 in a report on Monday, February 10th. Melius Research restated a “hold” rating and set a $95.00 price objective on shares of Johnson Controls International in a report on Tuesday, January 28th. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Robert W. Baird raised their price objective on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Johnson Controls International has an average rating of “Moderate Buy” and an average target price of $91.13.

About Johnson Controls International

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.