Royal London Asset Management Ltd. Acquires 1,406 Shares of Johnson Controls International plc (NYSE:JCI)

Royal London Asset Management Ltd. lifted its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 296,936 shares of the company’s stock after purchasing an additional 1,406 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Johnson Controls International were worth $23,437,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. State Street Corp increased its stake in Johnson Controls International by 1.1% in the third quarter. State Street Corp now owns 27,939,766 shares of the company’s stock valued at $2,178,595,000 after acquiring an additional 300,712 shares during the last quarter. Fisher Asset Management LLC increased its stake in Johnson Controls International by 2.9% in the fourth quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company’s stock valued at $1,242,597,000 after acquiring an additional 447,513 shares during the last quarter. Geode Capital Management LLC increased its stake in Johnson Controls International by 0.5% in the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock valued at $1,041,822,000 after acquiring an additional 71,493 shares during the last quarter. Raymond James Financial Inc. bought a new position in Johnson Controls International in the fourth quarter valued at approximately $568,309,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Johnson Controls International by 514.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock valued at $418,439,000 after acquiring an additional 4,514,792 shares during the last quarter. 90.05% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the completion of the transaction, the vice president now owns 148,346 shares of the company’s stock, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Daniel C. Mcconeghy sold 1,950 shares of Johnson Controls International 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 directly 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 disclosure for this sale can be found here. Insiders sold 905,864 shares of company stock valued at $77,824,710 over the last quarter. Insiders own 0.54% of the company’s stock.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $82.64 on Friday. The firm has a market cap of $54.55 billion, a PE ratio of 31.54, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The firm’s fifty day moving average is $82.70 and its 200-day moving average is $80.04. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. Johnson Controls International plc has a 52 week low of $59.83 and a 52 week high of $91.14.

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

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Monday, March 24th. Johnson Controls International’s dividend payout ratio is presently 56.49%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. 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. Barclays decreased their price objective on shares of Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Monday, March 10th. Morgan Stanley lifted their price objective on shares of Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Melius lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price on the stock. in a research report on Tuesday, January 28th. Finally, Citigroup cut their target price on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Johnson Controls International presently has an average rating of “Moderate Buy” and a consensus price target 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.