Meeder Asset Management Inc. Buys 250 Shares of Johnson Controls International plc (NYSE:JCI)

Meeder Asset Management Inc. raised its position in shares of Johnson Controls International plc (NYSE:JCI) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,755 shares of the company’s stock after purchasing an additional 250 shares during the quarter. Meeder Asset Management Inc.’s holdings in Johnson Controls International were worth $2,112,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Compass Financial Services Inc purchased a new position in shares of Johnson Controls International during the 4th quarter valued at $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Johnson Controls International in the fourth quarter valued at about $29,000. Synergy Asset Management LLC bought a new position in shares of Johnson Controls International in the fourth quarter worth about $42,000. Crowley Wealth Management Inc. purchased a new stake in shares of Johnson Controls International during the fourth quarter worth about $42,000. Finally, ST Germain D J Co. Inc. raised its stake in Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after purchasing an additional 134 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Melius downgraded Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target for the company. in a research note on Tuesday, January 28th. Morgan Stanley upped their target price on shares of Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Wells Fargo & Company boosted their price target on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. UBS Group upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and raised their price objective for the company from $90.00 to $103.00 in a research report on Monday, February 10th. Finally, Barclays decreased their target price on Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Monday, March 10th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.27.

Insider Transactions at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,421 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the transaction, the vice president now directly owns 148,346 shares in the company, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Daniel C. Mcconeghy sold 1,950 shares of Johnson Controls International stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the sale, the vice president now owns 24,803 shares of the company’s stock, valued at $2,175,967.19. The trade was a 7.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 905,864 shares of company stock worth $77,824,710. 0.54% of the stock is currently owned by company insiders.

Johnson Controls International Stock Performance

NYSE:JCI opened at $79.64 on Monday. The firm has a market capitalization of $52.57 billion, a PE ratio of 30.40, a PEG ratio of 1.96 and a beta of 1.32. The stock’s fifty day moving average is $82.95 and its 200 day moving average is $80.64. Johnson Controls International plc has a fifty-two week low of $59.83 and a fifty-two week high of $91.14. 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 (NYSE:JCI) last released its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. On average, sell-side analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.86%. Johnson Controls International’s dividend payout ratio is 56.49%.

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.