Johnson Controls International plc (NYSE:JCI) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its stake in shares of Johnson Controls International plc (NYSE:JCI) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 242,346 shares of the company’s stock after buying an additional 2,269 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Johnson Controls International were worth $19,218,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Metis Global Partners LLC boosted its position in Johnson Controls International by 0.4% in the third quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock valued at $2,208,000 after buying an additional 127 shares during the last quarter. Graypoint LLC raised its position in Johnson Controls International by 4.1% during the 4th quarter. Graypoint LLC now owns 3,277 shares of the company’s stock worth $259,000 after buying an additional 130 shares during the last quarter. ST Germain D J Co. Inc. lifted its stake in Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after acquiring an additional 134 shares during the period. Brooklyn Investment Group boosted its holdings in shares of Johnson Controls International by 3.1% in the 4th quarter. Brooklyn Investment Group now owns 4,444 shares of the company’s stock valued at $351,000 after acquiring an additional 135 shares during the last quarter. Finally, Fulton Bank N.A. increased its stake in shares of Johnson Controls International by 1.2% in the fourth quarter. Fulton Bank N.A. now owns 11,845 shares of the company’s stock worth $935,000 after acquiring an additional 139 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on JCI. Oppenheimer boosted their target price on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Barclays boosted their price objective on Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Wells Fargo & Company dropped their target price on Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Citigroup decreased their price target on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Finally, 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. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Johnson Controls International has a consensus rating of “Hold” and a consensus target price of $82.53.

Insider Activity

In other news, EVP Marlon Sullivan sold 7,230 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the sale, the executive vice president now directly owns 32,246 shares in the company, valued at $2,687,704.10. This represents a 18.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO George Oliver sold 110,616 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the transaction, the chief executive officer now owns 1,244,617 shares in the company, valued at $105,294,598.20. The trade was a 8.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 647,787 shares of company stock worth $53,972,452 over the last quarter. 0.69% of the stock is currently owned by corporate insiders.

Johnson Controls International Stock Down 0.4 %

JCI stock opened at $82.13 on Thursday. The stock has a market capitalization of $54.38 billion, a P/E ratio of 32.33, a P/E/G ratio of 2.36 and a beta of 1.32. Johnson Controls International plc has a 52 week low of $52.02 and a 52 week high of $87.16. The firm has a 50-day simple moving average of $81.80 and a 200-day simple moving average of $76.03. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.80%. 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.