Mirae Asset Global Investments Co. Ltd. Boosts Stock Position in Johnson Controls International plc (NYSE:JCI)

Mirae Asset Global Investments Co. Ltd. boosted its stake in Johnson Controls International plc (NYSE:JCI) by 21.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 78,327 shares of the company’s stock after acquiring an additional 13,670 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Johnson Controls International were worth $6,243,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mather Group LLC. increased its stake in shares of Johnson Controls International by 30.1% during the third quarter. Mather Group LLC. now owns 2,241 shares of the company’s stock worth $174,000 after purchasing an additional 518 shares in the last quarter. Atomi Financial Group Inc. raised its holdings in shares of Johnson Controls International by 8.4% during the third quarter. Atomi Financial Group Inc. now owns 6,178 shares of the company’s stock valued at $479,000 after acquiring an additional 481 shares during the last quarter. CWM LLC lifted its position in shares of Johnson Controls International by 1.7% in the third quarter. CWM LLC now owns 26,942 shares of the company’s stock valued at $2,091,000 after acquiring an additional 451 shares in the last quarter. Wedmont Private Capital boosted its stake in shares of Johnson Controls International by 5.4% in the third quarter. Wedmont Private Capital now owns 6,788 shares of the company’s stock worth $513,000 after acquiring an additional 348 shares during the last quarter. Finally, Ritholtz Wealth Management increased its position in shares of Johnson Controls International by 8.4% during the third quarter. Ritholtz Wealth Management now owns 3,614 shares of the company’s stock worth $280,000 after purchasing an additional 281 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on JCI. Melius Research reaffirmed a “hold” rating and set a $95.00 target price on shares of Johnson Controls International in a research note on Tuesday, January 28th. Mizuho upped 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 note on Thursday, October 17th. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Friday, December 20th. Citigroup cut 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, StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $90.27.

Johnson Controls International Price Performance

JCI stock opened at $87.76 on Friday. The business’s fifty day moving average price is $80.85 and its 200 day moving average price is $76.84. Johnson Controls International plc has a 12-month low of $54.07 and a 12-month high of $88.90. The company has a market capitalization of $57.93 billion, a PE ratio of 34.55, a P/E/G ratio of 2.24 and a beta of 1.32. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.49% and a return on equity of 14.51%. On average, sell-side analysts anticipate that Johnson Controls International plc will post 3.45 EPS for the current year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s dividend payout ratio is currently 58.27%.

Insider Activity

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 1,950 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total value of $171,073.50. Following the sale, the vice president now directly owns 24,803 shares of the company’s stock, valued at approximately $2,175,967.19. This represents a 7.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total transaction of $108,621.24. Following the sale, the vice president now directly owns 148,346 shares of the company’s stock, valued at approximately $11,339,568.24. This trade represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 856,326 shares of company stock worth $72,313,086. Corporate insiders own 0.54% of the company’s stock.

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.