Forsta AP Fonden Buys 10,300 Shares of Johnson Controls International plc $JCI

Forsta AP Fonden increased its stake in shares of Johnson Controls International plc (NYSE:JCI) by 7.0% in the 4th quarter, Holdings Channel reports. The firm owned 156,500 shares of the company’s stock after buying an additional 10,300 shares during the period. Forsta AP Fonden’s holdings in Johnson Controls International were worth $18,741,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp grew its position in Johnson Controls International by 0.6% in the 3rd quarter. State Street Corp now owns 28,684,645 shares of the company’s stock worth $3,165,286,000 after purchasing an additional 163,167 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Johnson Controls International by 1.7% in the 4th quarter. Fisher Asset Management LLC now owns 17,239,953 shares of the company’s stock worth $2,064,485,000 after buying an additional 280,704 shares during the last quarter. Norges Bank purchased a new position in shares of Johnson Controls International in the 4th quarter worth $927,739,000. Capital World Investors grew its holdings in shares of Johnson Controls International by 0.3% in the third quarter. Capital World Investors now owns 7,535,476 shares of the company’s stock worth $828,526,000 after acquiring an additional 19,550 shares during the period. Finally, Northern Trust Corp increased its position in Johnson Controls International by 1.1% during the third quarter. Northern Trust Corp now owns 6,907,287 shares of the company’s stock valued at $759,456,000 after acquiring an additional 72,917 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

Shares of JCI opened at $134.05 on Friday. The business has a 50-day simple moving average of $138.21 and a two-hundred day simple moving average of $128.93. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64. Johnson Controls International plc has a 52 week low of $99.11 and a 52 week high of $147.32. The stock has a market cap of $81.78 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 1.45 and a beta of 1.37.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. The company had revenue of $6.14 billion during the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. On average, analysts expect that Johnson Controls International plc will post 4.86 EPS for the current year.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Monday, March 16th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, March 16th. Johnson Controls International’s dividend payout ratio is presently 28.62%.

Wall Street Analyst Weigh In

JCI has been the topic of a number of recent research reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $154.00 target price on shares of Johnson Controls International in a report on Wednesday. The Goldman Sachs Group upped their price target on shares of Johnson Controls International from $154.00 to $158.00 and gave the company a “buy” rating in a research report on Tuesday, April 7th. Mizuho increased their price objective on shares of Johnson Controls International from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Barclays raised their price objective on shares of Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Finally, Evercore began coverage on shares of Johnson Controls International in a research report on Monday, April 13th. They set a “hold” rating and a $155.00 target price for the company. Eleven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $147.63.

Insider Activity

In other news, VP Lei Zhang Schlitz sold 88,809 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the sale, the vice president directly owned 57,059 shares in the company, valued at $8,044,748.41. This trade represents a 60.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is currently owned by company insiders.

About Johnson Controls International

Johnson Controls International plc is a global diversified technology and multi?industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building?related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air?conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.