Massachusetts Financial Services Co. MA Has $949.50 Million Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Massachusetts Financial Services Co. MA decreased its position in shares of Johnson Controls International plc (NYSE:JCI) by 13.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 12,234,294 shares of the company’s stock after selling 1,970,237 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Johnson Controls International were worth $949,504,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Capital World Investors raised its stake in shares of Johnson Controls International by 85.5% during the 1st quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock worth $923,804,000 after purchasing an additional 6,520,580 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its position in Johnson Controls International by 686.4% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock worth $295,487,000 after acquiring an additional 3,880,146 shares during the period. Ceredex Value Advisors LLC purchased a new position in Johnson Controls International in the second quarter valued at about $73,881,000. Point72 Asset Management L.P. grew its holdings in Johnson Controls International by 263.9% during the second quarter. Point72 Asset Management L.P. now owns 1,341,919 shares of the company’s stock valued at $89,197,000 after purchasing an additional 973,145 shares during the period. Finally, Electron Capital Partners LLC grew its stake in shares of Johnson Controls International by 81.3% during the 2nd quarter. Electron Capital Partners LLC now owns 1,432,335 shares of the company’s stock worth $95,207,000 after acquiring an additional 642,315 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Stock Down 0.7 %

Shares of NYSE:JCI opened at $82.98 on Thursday. The company has a market cap of $55.43 billion, a price-to-earnings ratio of 32.67, a PEG ratio of 2.33 and a beta of 1.29. Johnson Controls International plc has a 12 month low of $51.70 and a 12 month high of $87.16. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $77.65 and a 200 day moving average price of $72.16.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s payout ratio is currently 58.27%.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the completion of the sale, the chief operating officer now directly owns 140,488 shares in the company, valued at approximately $10,828,815.04. This represents a 2.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO George Oliver sold 110,615 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the transaction, the chief executive officer now owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. The trade was a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 336,943 shares of company stock worth $26,278,184 over the last 90 days. Company insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

JCI has been the subject of several analyst reports. Robert W. Baird raised their price objective on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Morgan Stanley began coverage on Johnson Controls International in a report on Friday, September 6th. They set an “overweight” rating and a $85.00 price objective on the stock. UBS Group initiated coverage on shares of Johnson Controls International in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price objective for the company. StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Bank of America increased their price objective on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Twelve analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $77.21.

Johnson Controls International 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.