Norges Bank Invests $560.55 Million in Johnson Controls International plc (NYSE:JCI)

Norges Bank purchased a new stake in Johnson Controls International plc (NYSE:JCI) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,101,854 shares of the company’s stock, valued at approximately $560,549,000. Norges Bank owned about 1.08% of Johnson Controls International at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of JCI. Blair William & Co. IL raised its holdings in shares of Johnson Controls International by 4.8% in the fourth quarter. Blair William & Co. IL now owns 10,655 shares of the company’s stock valued at $841,000 after buying an additional 491 shares during the last quarter. Caisse Des Depots ET Consignations acquired a new position in Johnson Controls International in the 4th quarter valued at about $4,725,000. NEOS Investment Management LLC increased its position in Johnson Controls International by 48.8% in the 4th quarter. NEOS Investment Management LLC now owns 46,853 shares of the company’s stock valued at $3,698,000 after acquiring an additional 15,356 shares during the period. JPMorgan Chase & Co. raised its stake in Johnson Controls International by 2.3% during the 4th quarter. JPMorgan Chase & Co. now owns 2,834,721 shares of the company’s stock valued at $223,745,000 after acquiring an additional 63,762 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Johnson Controls International by 9.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,054,950 shares of the company’s stock worth $84,312,000 after acquiring an additional 88,960 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Stock Down 3.1 %

Shares of NYSE JCI opened at $79.64 on Friday. The firm’s 50-day moving average is $82.95 and its two-hundred day moving average is $80.50. The company has a market capitalization of $52.57 billion, a PE ratio of 30.40, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a 12-month low of $59.83 and a 12-month high of $91.14. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. Equities analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a yield of 1.86%. Johnson Controls International’s dividend payout ratio (DPR) is 56.49%.

Insiders Place Their Bets

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 1,950 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $87.73, for a total transaction of $171,073.50. Following the transaction, the vice president now owns 24,803 shares of the company’s stock, valued at $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 through this link. Also, VP Nathan D. Manning sold 1,421 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the sale, the vice president now owns 148,346 shares in the company, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 905,864 shares of company stock valued at $77,824,710 in the last ninety days. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on JCI shares. Melius cut Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target for the company. in a research note on Tuesday, January 28th. JPMorgan Chase & Co. raised their target price on shares of Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. UBS Group upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. Barclays reduced their price objective on shares of Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating for the company in a research report on Monday, March 10th. Finally, Wells Fargo & Company increased their target price on Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.27.

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.