Allianz SE Buys Shares of 7,870 Johnson Controls International plc (NYSE:JCI)

Allianz SE acquired a new position in shares of Johnson Controls International plc (NYSE:JCI) in the fourth quarter, HoldingsChannel reports. The fund acquired 7,870 shares of the company’s stock, valued at approximately $621,000.

A number of other institutional investors and hedge funds also recently modified their holdings of JCI. Raymond James Financial Inc. acquired a new stake in Johnson Controls International in the 4th quarter valued at approximately $568,309,000. Norges Bank acquired a new position in shares of Johnson Controls International in the fourth quarter valued at $560,549,000. Amundi grew its stake in Johnson Controls International by 76.7% in the 4th quarter. Amundi now owns 3,870,478 shares of the company’s stock valued at $309,422,000 after buying an additional 1,680,431 shares during the last quarter. ANTIPODES PARTNERS Ltd increased its stake in shares of Johnson Controls International by 391,951.9% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 1,215,361 shares of the company’s stock worth $95,936,000 after purchasing an additional 1,215,051 shares during the period. Finally, AMF Tjanstepension AB increased its position in Johnson Controls International by 500.7% during the 4th quarter. AMF Tjanstepension AB now owns 1,048,377 shares of the company’s stock worth $82,797,000 after buying an additional 873,841 shares during the period. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Price Performance

JCI opened at $79.64 on Monday. Johnson Controls International plc has a 12-month low of $59.83 and a 12-month high of $91.14. The company has a market cap of $52.57 billion, a price-to-earnings ratio of 30.40, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The stock has a fifty day simple moving average of $82.95 and a two-hundred day simple moving average of $80.64. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last issued 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%. Research analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have weighed in on JCI shares. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a report on Friday, December 20th. Morgan Stanley increased their target price on Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Melius cut shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective on the stock. in a research note on Tuesday, January 28th. UBS Group upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and raised their price target for the stock from $90.00 to $103.00 in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. upped their price target on shares of Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Johnson Controls International presently has a consensus rating of “Moderate Buy” and an average target price of $91.27.

Insider Activity at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 1,950 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total value of $171,073.50. Following the sale, the vice president now owns 24,803 shares in the company, valued at approximately $2,175,967.19. The trade was a 7.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO George Oliver sold 162,894 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $89.28, for a total value of $14,543,176.32. Following the sale, the chief executive officer now owns 1,203,893 shares in the company, valued at approximately $107,483,567.04. This trade represents a 11.92 % decrease in their ownership of the stock. 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. Corporate insiders own 0.54% of the company’s stock.

About Johnson Controls International

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.