First Hawaiian Bank grew its stake in Johnson Controls International plc (NYSE:JCI – Free Report) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,066 shares of the company’s stock after purchasing an additional 463 shares during the period. First Hawaiian Bank’s holdings in Johnson Controls International were worth $5,846,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd boosted its stake in shares of Johnson Controls International by 136.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock worth $7,082,000 after acquiring an additional 52,719 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Johnson Controls International by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock worth $1,041,822,000 after acquiring an additional 71,493 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Johnson Controls International in the 3rd quarter worth $7,692,000. CIBC Asset Management Inc increased its position in Johnson Controls International by 6.8% during the 3rd quarter. CIBC Asset Management Inc now owns 117,328 shares of the company’s stock worth $9,106,000 after purchasing an additional 7,433 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Johnson Controls International by 35.9% in the third quarter. Cerity Partners LLC now owns 56,493 shares of the company’s stock worth $4,385,000 after buying an additional 14,925 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on JCI. Mizuho upped their price target on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. 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 report on Thursday, November 7th. Barclays upped their price target on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Wells Fargo & Company lowered their target price on Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Royal Bank of Canada raised their price objective on Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Johnson Controls International presently has an average rating of “Hold” and a consensus target price of $81.07.
Johnson Controls International Stock Up 1.1 %
NYSE JCI traded up $0.89 during trading on Wednesday, hitting $80.06. The stock had a trading volume of 2,185,119 shares, compared to its average volume of 2,216,900. The company has a market capitalization of $53.01 billion, a PE ratio of 31.52, a P/E/G ratio of 2.31 and a beta of 1.32. Johnson Controls International plc has a 12 month low of $51.71 and a 12 month high of $87.16. The company’s 50-day moving average price is $81.66 and its two-hundred day moving average price is $75.08. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94.
Johnson Controls International Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Monday, December 23rd will be paid a $0.37 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.48 annualized dividend and a yield of 1.85%. Johnson Controls International’s payout ratio is currently 58.27%.
Insider Buying and Selling
In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $76.79, for a total value of $8,494,125.85. Following the transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $95,507,639.29. The trade was a 8.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Marlon Sullivan sold 7,230 shares of Johnson Controls International stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the sale, the executive vice president now directly owns 32,246 shares of the company’s stock, valued at $2,687,704.10. The trade was a 18.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 758,588 shares of company stock worth $62,480,987. Corporate insiders own 0.69% of the company’s stock.
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.
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