Swedbank AB Purchases 515 Shares of Johnson Controls International plc (NYSE:JCI)

Swedbank AB grew its position in shares of Johnson Controls International plc (NYSE:JCI) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 211,893 shares of the company’s stock after buying an additional 515 shares during the period. Swedbank AB’s holdings in Johnson Controls International were worth $16,725,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Fortitude Family Office LLC raised its stake in Johnson Controls International by 195.8% in the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after purchasing an additional 278 shares in the last quarter. Wolff Wiese Magana LLC increased its holdings in shares of Johnson Controls International by 977.3% during the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after purchasing an additional 430 shares during the period. ST Germain D J Co. Inc. raised its position in shares of Johnson Controls International by 32.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after buying an additional 134 shares in the last quarter. Western Pacific Wealth Management LP bought a new stake in shares of Johnson Controls International in the third quarter valued at approximately $44,000. Finally, Friedenthal Financial acquired a new stake in Johnson Controls International during the fourth quarter worth approximately $49,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wells Fargo & Company cut their target price on Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Melius Research reaffirmed a “hold” rating and issued a $95.00 price target on shares of Johnson Controls International in a research note on Tuesday. JPMorgan Chase & Co. reduced their price objective on shares of Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Robert W. Baird boosted their target price on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, UBS Group started coverage on shares of Johnson Controls International in a research report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $87.20.

Insider Buying and Selling

In other news, CEO George Oliver sold 124,497 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $82.67, for a total transaction of $10,292,166.99. Following the completion of the transaction, the chief executive officer now directly owns 1,267,716 shares in the company, valued at $104,802,081.72. This trade represents a 8.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction that occurred on 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 owns 32,246 shares in the company, valued at $2,687,704.10. The trade was a 18.31 % 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 in the last ninety days. Company insiders own 0.54% of the company’s stock.

Johnson Controls International Price Performance

Shares of JCI opened at $78.00 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The stock has a market cap of $51.49 billion, a PE ratio of 30.71, a PEG ratio of 2.19 and a beta of 1.32. Johnson Controls International plc has a 12-month low of $52.02 and a 12-month high of $87.16. The business has a 50-day simple moving average of $81.08 and a two-hundred day simple moving average of $76.45.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were issued a $0.37 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.90%. Johnson Controls International’s dividend payout ratio (DPR) is presently 58.27%.

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.