Mirae Asset Global Investments Co. Ltd. decreased its holdings in Johnson Controls International plc (NYSE:JCI – Free Report) by 3.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 213,861 shares of the company’s stock after selling 7,519 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Johnson Controls International were worth $12,879,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Exchange Traded Concepts LLC increased its holdings in shares of Johnson Controls International by 12.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,465 shares of the company’s stock worth $94,000 after purchasing an additional 159 shares in the last quarter. Altfest L J & Co. Inc. increased its holdings in shares of Johnson Controls International by 2.9% in the 1st quarter. Altfest L J & Co. Inc. now owns 6,225 shares of the company’s stock worth $375,000 after purchasing an additional 173 shares in the last quarter. Concord Wealth Partners increased its holdings in shares of Johnson Controls International by 21.2% in the 1st quarter. Concord Wealth Partners now owns 999 shares of the company’s stock worth $60,000 after purchasing an additional 175 shares in the last quarter. Goelzer Investment Management Inc. increased its holdings in shares of Johnson Controls International by 0.3% in the 1st quarter. Goelzer Investment Management Inc. now owns 65,561 shares of the company’s stock worth $3,948,000 after purchasing an additional 175 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its holdings in shares of Johnson Controls International by 0.7% in the 1st quarter. Wealthfront Advisers LLC now owns 26,803 shares of the company’s stock worth $1,614,000 after purchasing an additional 183 shares in the last quarter. Institutional investors own 88.49% of the company’s stock.
Johnson Controls International Price Performance
Shares of Johnson Controls International stock opened at $62.76 on Friday. The stock’s 50-day simple moving average is $66.12 and its 200-day simple moving average is $63.35. Johnson Controls International plc has a 52 week low of $48.82 and a 52 week high of $70.43. The company has a market capitalization of $42.70 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 1.30 and a beta of 1.23. The company has a quick ratio of 0.78, a current ratio of 1.08 and a debt-to-equity ratio of 0.49.
Johnson Controls International Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Tuesday, June 20th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.36%. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, June 16th. Johnson Controls International’s payout ratio is presently 49.50%.
Analyst Ratings Changes
JCI has been the subject of several research analyst reports. Morgan Stanley cut their price objective on Johnson Controls International from $77.00 to $73.00 and set an “overweight” rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft cut their price objective on Johnson Controls International from $75.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, April 12th. StockNews.com initiated coverage on Johnson Controls International in a report on Thursday, May 18th. They issued a “buy” rating for the company. Barclays cut their price objective on Johnson Controls International from $70.00 to $69.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, Royal Bank of Canada cut their price objective on Johnson Controls International from $68.00 to $67.00 and set a “sector perform” rating for the company in a report on Thursday. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $71.33.
Insider Activity
In other news, CFO Olivier Leonetti sold 30,997 shares of the business’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $62.36, for a total value of $1,932,972.92. Following the transaction, the chief financial officer now directly owns 101,757 shares in the company, valued at $6,345,566.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP John Donofrio sold 14,253 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $63.02, for a total value of $898,224.06. Following the sale, the vice president now directly owns 37,090 shares in the company, valued at $2,337,411.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Olivier Leonetti sold 30,997 shares of the business’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $62.36, for a total value of $1,932,972.92. Following the completion of the sale, the chief financial officer now owns 101,757 shares in the company, valued at $6,345,566.52. The disclosure for this sale can be found here. Company insiders own 0.71% of the company’s stock.
Johnson Controls International Company Profile
Johnson Controls International Plc engages in the provision of building products, energy solutions, integrated infrastructure and next generation transportation systems. Its technology and service capabilities include fire, security, HVAC, power solutions and energy storage to serve various end markets including large institutions, commercial buildings, retail, industrial, small business and residential.
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