Johnson Controls International plc (NYSE:JCI) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its stake in Johnson Controls International plc (NYSE:JCI) by 21.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,327 shares of the company’s stock after buying an additional 13,670 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Johnson Controls International were worth $6,243,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Metis Global Partners LLC boosted its stake 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 acquiring an additional 127 shares in the last quarter. Gilbert & Cook Inc. grew its stake in Johnson Controls International by 2.0% during the 4th quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company’s stock worth $510,000 after buying an additional 127 shares during the last quarter. Graypoint LLC lifted its stake in Johnson Controls International by 4.1% in the fourth quarter. Graypoint LLC now owns 3,277 shares of the company’s stock valued at $259,000 after buying an additional 130 shares during the last quarter. ST Germain D J Co. Inc. grew its position in shares of Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after acquiring an additional 134 shares during the last quarter. Finally, Brooklyn Investment Group increased 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 period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on JCI. Oppenheimer increased their price target on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Melius cut Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target on the stock. in a research report on Tuesday, January 28th. Robert W. Baird increased their price objective on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Wells Fargo & Company lifted their target price on Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Melius Research reissued a “hold” rating and issued a $95.00 price objective on shares of Johnson Controls International in a research note on Tuesday, January 28th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $90.27.

Johnson Controls International Stock Performance

JCI opened at $87.76 on Friday. Johnson Controls International plc has a 1-year low of $54.07 and a 1-year high of $88.90. The stock has a market cap of $57.93 billion, a P/E ratio of 34.55, a P/E/G ratio of 2.24 and a beta of 1.32. The stock’s 50 day simple moving average is $80.85 and its 200 day simple moving average is $76.84. 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 (NYSE:JCI) last released 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 return on equity of 14.51% and a net margin of 6.49%. As a group, equities analysts anticipate that Johnson Controls International plc will post 3.45 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

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

Insider Activity at Johnson Controls International

In other news, VP Daniel C. Mcconeghy sold 1,950 shares of Johnson Controls International stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the completion of the sale, the vice president now directly owns 24,803 shares in the company, valued at $2,175,967.19. The trade was a 7.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO George Oliver sold 205,168 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the transaction, the chief executive officer now directly owns 1,260,527 shares in the company, valued at $110,964,191.81. The trade was a 14.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 856,326 shares of company stock valued at $72,313,086. 0.54% of the stock is owned by corporate insiders.

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.