Geode Capital Management LLC Has $1.09 Billion Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Geode Capital Management LLC grew its stake in shares of Johnson Controls International plc (NYSE:JCI) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,818,777 shares of the company’s stock after acquiring an additional 343,517 shares during the period. Geode Capital Management LLC’s holdings in Johnson Controls International were worth $1,087,670,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Johnson Controls International in the fourth quarter valued at approximately $568,309,000. Norges Bank bought a new stake in Johnson Controls International during the 4th quarter worth approximately $560,549,000. Amundi increased its position in Johnson Controls International by 76.7% in the 4th quarter. Amundi now owns 3,870,478 shares of the company’s stock valued at $309,422,000 after acquiring an additional 1,680,431 shares during the period. Franklin Resources Inc. raised its stake in shares of Johnson Controls International by 6.0% during the fourth quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company’s stock valued at $1,842,571,000 after acquiring an additional 1,325,500 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd raised its stake in shares of Johnson Controls International by 391,951.9% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 1,215,361 shares of the company’s stock valued at $95,936,000 after acquiring an additional 1,215,051 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Johnson Controls International

In other news, VP Daniel C. Mcconeghy sold 1,950 shares of Johnson Controls International stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the completion of the transaction, the vice president now directly owns 24,803 shares in the company, valued at $2,175,967.19. This trade represents a 7.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Oliver sold 162,894 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $89.28, for a total transaction of $14,543,176.32. Following the sale, the chief executive officer now directly owns 1,203,893 shares of the company’s stock, valued at approximately $107,483,567.04. The trade was a 11.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 907,286 shares of company stock worth $77,938,071. 0.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Friday, December 20th. JPMorgan Chase & Co. increased their price target on Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Morgan Stanley raised their price objective on Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Royal Bank of Canada upped their target price on Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. Finally, Melius Research restated a “hold” rating and set a $95.00 price target on shares of Johnson Controls International in a report on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Johnson Controls International has an average rating of “Moderate Buy” and a consensus price target of $91.27.

Johnson Controls International Trading Up 1.5 %

NYSE:JCI opened at $81.34 on Wednesday. The firm has a fifty day simple moving average of $82.91 and a two-hundred day simple moving average of $80.77. Johnson Controls International plc has a 12 month low of $59.83 and a 12 month high of $91.14. The stock has a market capitalization of $53.69 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 1.96 and a beta of 1.32. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results 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%. Analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.82%. The ex-dividend date is Monday, March 24th. Johnson Controls International’s payout ratio is currently 56.49%.

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.