Johnson Controls International plc $JCI Stock Holdings Lifted by Jennison Associates LLC

Jennison Associates LLC raised its stake in Johnson Controls International plc (NYSE:JCI) by 232.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,124,125 shares of the company’s stock after buying an additional 1,485,007 shares during the period. Jennison Associates LLC owned approximately 0.32% of Johnson Controls International worth $224,350,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Austin Private Wealth LLC increased its holdings in shares of Johnson Controls International by 12.9% in the second quarter. Austin Private Wealth LLC now owns 3,622 shares of the company’s stock valued at $383,000 after buying an additional 413 shares in the last quarter. New York Life Investment Management LLC increased its holdings in shares of Johnson Controls International by 0.9% in the second quarter. New York Life Investment Management LLC now owns 98,540 shares of the company’s stock valued at $10,408,000 after buying an additional 850 shares in the last quarter. Trust Investment Advisors bought a new position in shares of Johnson Controls International in the second quarter valued at $220,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Johnson Controls International by 27.6% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,838 shares of the company’s stock valued at $10,545,000 after buying an additional 21,600 shares in the last quarter. Finally, SYM FINANCIAL Corp increased its holdings in shares of Johnson Controls International by 46.8% in the second quarter. SYM FINANCIAL Corp now owns 3,713 shares of the company’s stock valued at $392,000 after buying an additional 1,184 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on JCI. Wolfe Research boosted their target price on shares of Johnson Controls International from $132.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. The Goldman Sachs Group boosted their target price on shares of Johnson Controls International from $119.00 to $124.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Robert W. Baird boosted their target price on shares of Johnson Controls International from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Johnson Controls International in a research note on Wednesday, October 8th. Finally, Morgan Stanley boosted their target price on shares of Johnson Controls International from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Johnson Controls International currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.41.

Insider Buying and Selling at Johnson Controls International

In other news, VP Daniel C. Mcconeghy sold 5,917 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total transaction of $625,604.41. Following the transaction, the vice president directly owned 25,005 shares in the company, valued at $2,643,778.65. The trade was a 19.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Nathan D. Manning sold 1,422 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total transaction of $149,395.32. Following the transaction, the vice president owned 139,459 shares in the company, valued at approximately $14,651,562.54. This represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 8,761 shares of company stock worth $922,447. 0.54% of the stock is currently owned by corporate insiders.

Johnson Controls International Trading Down 0.6%

Johnson Controls International stock opened at $112.36 on Wednesday. The company’s fifty day simple moving average is $108.16 and its 200-day simple moving average is $102.19. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 12 month low of $68.03 and a 12 month high of $114.60. The stock has a market cap of $73.53 billion, a P/E ratio of 33.34, a P/E/G ratio of 1.69 and a beta of 1.33.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.99 by $0.06. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.99 billion. As a group, sell-side analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.40 per share. The ex-dividend date was Monday, September 22nd. This represents a $1.60 annualized dividend and a dividend yield of 1.4%. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. Johnson Controls International’s dividend payout ratio is presently 47.48%.

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.