Saturna Capital Corp grew its stake in Johnson Controls International plc (NYSE:JCI – Free Report) by 0.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,647,612 shares of the company’s stock after buying an additional 5,484 shares during the period. Johnson Controls International accounts for about 3.8% of Saturna Capital Corp’s holdings, making the stock its 7th biggest holding. Saturna Capital Corp owned 0.40% of Johnson Controls International worth $279,641,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the stock. TD Waterhouse Canada Inc. increased its position in Johnson Controls International by 14.9% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 87,161 shares of the company’s stock valued at $9,119,000 after purchasing an additional 11,281 shares during the period. Stonebrook Private Inc. increased its position in shares of Johnson Controls International by 1.8% during the second quarter. Stonebrook Private Inc. now owns 27,323 shares of the company’s stock worth $2,867,000 after buying an additional 493 shares during the period. MainStreet Investment Advisors LLC acquired a new stake in shares of Johnson Controls International during the second quarter worth $225,000. Vanguard Group Inc. raised its stake in Johnson Controls International by 1.3% during the second quarter. Vanguard Group Inc. now owns 69,365,463 shares of the company’s stock worth $7,326,380,000 after buying an additional 920,777 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. raised its stake in Johnson Controls International by 25.0% during the second quarter. Pinnacle Wealth Planning Services Inc. now owns 5,675 shares of the company’s stock worth $599,000 after buying an additional 1,134 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.
Johnson Controls International Stock Performance
Shares of Johnson Controls International stock opened at $114.36 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average price of $111.46 and a 200-day moving average price of $106.34. Johnson Controls International plc has a 52 week low of $68.03 and a 52 week high of $123.78. The company has a market cap of $74.84 billion, a PE ratio of 33.94, a price-to-earnings-growth ratio of 1.70 and a beta of 1.36.
Johnson Controls International Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Monday, September 22nd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, September 22nd. This is a positive change from Johnson Controls International’s previous quarterly dividend of $0.37. Johnson Controls International’s dividend payout ratio (DPR) is presently 31.43%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Barclays upped their price target on shares of Johnson Controls International from $101.00 to $119.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft upped their target price on Johnson Controls International from $124.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Argus reiterated a “buy” rating and issued a $145.00 target price on shares of Johnson Controls International in a report on Friday, November 7th. Wolfe Research boosted their price target on Johnson Controls International from $135.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, November 13th. Finally, Royal Bank Of Canada raised their price objective on shares of Johnson Controls International from $116.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 6th. Ten equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $121.00.
Insider Buying and Selling
In related news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total transaction of $149,395.32. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total transaction of $625,604.41. Following the sale, the vice president owned 25,005 shares of the company’s stock, valued at $2,643,778.65. This trade represents a 19.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 17,839 shares of company stock valued at $2,056,315. 0.54% of the stock is owned by insiders.
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.
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