Arden Trust Co purchased a new stake in shares of Johnson Controls International PLC (NYSE:JCI) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 42,821 shares of the company’s stock, valued at approximately $1,879,000.
Several other hedge funds have also made changes to their positions in the stock. Nuveen Asset Management LLC lifted its stake in Johnson Controls International by 13,437.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 3,103,696 shares of the company’s stock worth $128,213,000 after purchasing an additional 3,080,769 shares in the last quarter. Prudential Financial Inc. lifted its stake in Johnson Controls International by 254.1% in the 2nd quarter. Prudential Financial Inc. now owns 3,988,710 shares of the company’s stock worth $164,774,000 after purchasing an additional 2,862,413 shares in the last quarter. National Pension Service purchased a new stake in Johnson Controls International in the 2nd quarter worth approximately $45,311,000. American Century Companies Inc. lifted its stake in Johnson Controls International by 12.5% in the 1st quarter. American Century Companies Inc. now owns 9,214,815 shares of the company’s stock worth $340,395,000 after purchasing an additional 1,024,248 shares in the last quarter. Finally, APG Asset Management N.V. lifted its stake in Johnson Controls International by 61.5% in the 2nd quarter. APG Asset Management N.V. now owns 2,056,848 shares of the company’s stock worth $74,612,000 after purchasing an additional 783,200 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.
Shares of NYSE:JCI traded up $0.48 during trading on Wednesday, reaching $41.79. The company had a trading volume of 4,554,635 shares, compared to its average volume of 5,590,970. The company has a fifty day moving average of $42.95 and a two-hundred day moving average of $40.28. The stock has a market capitalization of $33.77 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 1.70 and a beta of 0.94. Johnson Controls International PLC has a 12 month low of $28.30 and a 12 month high of $44.65. The company has a current ratio of 1.41, a quick ratio of 1.19 and a debt-to-equity ratio of 0.32.
The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 16th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date was Friday, September 13th. Johnson Controls International’s payout ratio is 36.75%.
In related news, CEO George Oliver sold 21,805 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $43.41, for a total transaction of $946,555.05. Following the transaction, the chief executive officer now owns 889,868 shares of the company’s stock, valued at approximately $38,629,169.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Robert M. Vanhimbergen sold 2,300 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $42.05, for a total transaction of $96,715.00. Following the transaction, the vice president now directly owns 20,024 shares in the company, valued at approximately $842,009.20. The disclosure for this sale can be found here. Insiders sold a total of 166,757 shares of company stock worth $7,219,096 in the last three months. Insiders own 0.50% of the company’s stock.
Several research firms have issued reports on JCI. JPMorgan Chase & Co. upgraded shares of Johnson Controls International from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $31.00 to $35.00 in a research note on Monday, July 8th. ValuEngine cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Monday, July 1st. Finally, Barclays began coverage on shares of Johnson Controls International in a research note on Wednesday, June 12th. They issued an “equal weight” rating and a $39.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $39.22.
About Johnson Controls International
Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers; and energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, to non-residential building and industrial applications.
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