Meeder Asset Management Inc. Sells 247 Shares of Johnson Controls International plc (NYSE:JCI)

Meeder Asset Management Inc. lessened its holdings in Johnson Controls International plc (NYSE:JCI) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,505 shares of the company’s stock after selling 247 shares during the quarter. Meeder Asset Management Inc.’s holdings in Johnson Controls International were worth $2,057,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Capital World Investors boosted its stake in shares of Johnson Controls International by 85.5% during the first quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock valued at $923,804,000 after purchasing an additional 6,520,580 shares during the period. Dimensional Fund Advisors LP boosted its position in Johnson Controls International by 8.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,855,075 shares of the company’s stock valued at $389,214,000 after buying an additional 479,548 shares during the period. Raymond James & Associates grew its stake in Johnson Controls International by 5.6% in the 3rd quarter. Raymond James & Associates now owns 4,735,147 shares of the company’s stock worth $367,495,000 after acquiring an additional 249,405 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Johnson Controls International by 686.4% during 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. Finally, Envestnet Asset Management Inc. raised its stake in shares of Johnson Controls International by 2.5% during the second quarter. Envestnet Asset Management Inc. now owns 2,401,984 shares of the company’s stock valued at $159,660,000 after acquiring an additional 59,274 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Transactions at Johnson Controls International

In related news, CEO George Oliver sold 110,616 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $84.60, for a total value of $9,358,113.60. Following the completion of the sale, the chief executive officer now owns 1,244,617 shares of the company’s stock, valued at approximately $105,294,598.20. This trade represents a 8.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total value of $84,899.25. Following the transaction, the chief operating officer now directly owns 143,488 shares in the company, valued at $10,438,752. This trade represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 336,757 shares of company stock valued at $26,262,632 in the last 90 days. 0.69% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on JCI shares. Wells Fargo & Company increased their price objective on Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Barclays raised their price target on Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Robert W. Baird upped their target price on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. UBS Group started coverage on Johnson Controls International in a report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price target on the stock. Finally, Morgan Stanley started coverage on Johnson Controls International in a research note on Friday, September 6th. They set an “overweight” rating and a $85.00 price objective for the company. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $77.21.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $83.64 on Tuesday. The stock has a market cap of $55.87 billion, a PE ratio of 32.93, a price-to-earnings-growth ratio of 2.36 and a beta of 1.29. Johnson Controls International plc has a 52-week low of $51.60 and a 52-week high of $87.16. The business has a 50-day simple moving average of $77.14 and a 200-day simple moving average of $71.93. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were given a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 annualized dividend and a yield of 1.77%. Johnson Controls International’s dividend payout ratio is presently 58.27%.

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.