Mirova US LLC Invests $839,000 in Johnson Controls International plc (NYSE:JCI)

Mirova US LLC acquired a new position in Johnson Controls International plc (NYSE:JCI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,631 shares of the company’s stock, valued at approximately $839,000.

Several other institutional investors have also recently made changes to their positions in the business. Compass Financial Services Inc bought a new stake in Johnson Controls International during the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. bought a new stake in Johnson Controls International during the 4th quarter worth approximately $29,000. Synergy Asset Management LLC bought a new stake in shares of Johnson Controls International during the fourth quarter valued at approximately $42,000. ST Germain D J Co. Inc. raised its position in shares of Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after buying an additional 134 shares during the last quarter. Finally, Gables Capital Management Inc. raised its position in shares of Johnson Controls International by 132.0% during the fourth quarter. Gables Capital Management Inc. now owns 580 shares of the company’s stock valued at $46,000 after buying an additional 330 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Up 2.3 %

NYSE:JCI opened at $81.46 on Tuesday. The firm has a market capitalization of $53.77 billion, a P/E ratio of 31.09, a PEG ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a 1-year low of $59.83 and a 1-year high of $91.14. The company’s fifty day moving average price is $82.45 and its 200-day moving average price is $79.87. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. As a group, equities research analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 annualized dividend and a yield of 1.82%. Johnson Controls International’s dividend payout ratio is presently 56.49%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and raised their target price for the company from $90.00 to $103.00 in a report on Monday, February 10th. Melius cut shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective for the company. in a research note on Tuesday, January 28th. Melius Research restated a “hold” rating and set a $95.00 target price on shares of Johnson Controls International in a research report on Tuesday, January 28th. Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Friday, December 20th. Finally, Citigroup decreased their target price on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Johnson Controls International has an average rating of “Moderate Buy” and an average price target of $91.27.

Insider Activity at Johnson Controls International

In other news, Director George Oliver sold 15,669 shares of Johnson Controls International stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $77.49, for a total value of $1,214,190.81. Following the sale, the director now owns 1,003,893 shares in the company, valued at $77,791,668.57. This trade represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Nathan D. Manning sold 1,421 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $76.44, for a total transaction of $108,621.24. Following the completion of 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 906,050 shares of company stock worth $77,839,329. 0.54% of the stock is owned by company insiders.

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.