Tokio Marine Asset Management Co. Ltd. Increases Holdings in Johnson Controls International plc (NYSE:JCI)

Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 7.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 18,595 shares of the company’s stock after acquiring an additional 1,282 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Johnson Controls International were worth $1,443,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. M&G Plc purchased a new position in shares of Johnson Controls International in the first quarter worth $120,948,000. Cetera Investment Advisers lifted its stake in Johnson Controls International by 470.9% in the 1st quarter. Cetera Investment Advisers now owns 157,980 shares of the company’s stock worth $10,319,000 after purchasing an additional 130,308 shares in the last quarter. Epoch Investment Partners Inc. boosted its holdings in shares of Johnson Controls International by 0.9% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,129,418 shares of the company’s stock valued at $73,774,000 after purchasing an additional 10,146 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Johnson Controls International during the 3rd quarter valued at about $7,692,000. Finally, Orion Portfolio Solutions LLC grew its position in shares of Johnson Controls International by 15.8% during the first quarter. Orion Portfolio Solutions LLC now owns 27,191 shares of the company’s stock valued at $1,776,000 after purchasing an additional 3,717 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling at Johnson Controls International

In related news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total value of $84,899.25. Following the transaction, the chief operating officer now owns 143,488 shares of the company’s stock, valued at $10,438,752. This represents a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the sale, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. This trade represents a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 226,141 shares of company stock valued at $16,904,519 in the last quarter. 0.69% of the stock is owned by insiders.

Analyst Ratings Changes

JCI has been the topic of a number of research analyst reports. Bank of America boosted their target price on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Oppenheimer increased their target price on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Morgan Stanley assumed coverage on shares of Johnson Controls International in a research report on Friday, September 6th. They issued an “overweight” rating and a $85.00 price target on the stock. Mizuho increased their price objective on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Tuesday. Twelve investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Johnson Controls International currently has an average rating of “Hold” and an average target price of $77.21.

Johnson Controls International Stock Down 0.7 %

Shares of NYSE:JCI opened at $85.12 on Friday. The firm has a market capitalization of $56.86 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 2.39 and a beta of 1.29. The business has a 50 day simple moving average of $76.20 and a two-hundred day simple moving average of $71.42. Johnson Controls International plc has a 1 year low of $51.40 and a 1 year high of $87.16. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Wednesday, September 25th. Johnson Controls International’s payout ratio is currently 58.27%.

Johnson Controls International Company 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.