QRG Capital Management Inc. Grows Stock Position in Johnson Controls International plc (NYSE:JCI)

QRG Capital Management Inc. raised its position in Johnson Controls International plc (NYSE:JCI) by 1.6% in the 4th quarter, Holdings Channel reports. The fund owned 133,563 shares of the company’s stock after purchasing an additional 2,082 shares during the period. QRG Capital Management Inc.’s holdings in Johnson Controls International were worth $10,542,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Compass Financial Services Inc acquired a new position in Johnson Controls International in the 4th quarter worth $26,000. Fortitude Family Office LLC increased its position in shares of Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after acquiring an additional 278 shares during the last quarter. Synergy Asset Management LLC acquired a new position in shares of Johnson Controls International in the fourth quarter worth about $42,000. ST Germain D J Co. Inc. boosted its holdings in Johnson Controls International by 32.8% in the fourth 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 last quarter. Finally, Western Pacific Wealth Management LP acquired a new stake in Johnson Controls International during the 3rd quarter valued at approximately $44,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the sale, the vice president now directly owns 148,346 shares in the company, valued at $11,339,568.24. The trade was a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Oliver sold 205,168 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the completion of the transaction, the chief executive officer now owns 1,260,527 shares of the company’s stock, valued at $110,964,191.81. This represents a 14.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 837,963 shares of company stock valued at $72,883,012. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Royal Bank of Canada increased their target price on Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Wells Fargo & Company increased their price objective on shares of Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Robert W. Baird boosted their target price on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Barclays increased their price target on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, Citigroup lowered their price objective on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $91.13.

Johnson Controls International Trading Down 0.8 %

NYSE:JCI opened at $84.24 on Friday. Johnson Controls International plc has a 12-month low of $59.05 and a 12-month high of $91.14. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The business has a 50 day simple moving average of $82.33 and a 200 day simple moving average of $78.86. The firm has a market capitalization of $55.61 billion, a P/E ratio of 32.15, a P/E/G ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.37 per share. The ex-dividend date was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.76%. Johnson Controls International’s dividend payout ratio (DPR) is presently 56.49%.

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.