Mitsubishi UFJ Asset Management Co. Ltd. Boosts Holdings in Johnson Controls International plc (NYSE:JCI)

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Johnson Controls International plc (NYSE:JCI) by 9.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,054,950 shares of the company’s stock after purchasing an additional 88,960 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Johnson Controls International were worth $84,312,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Compass Financial Services Inc acquired a new stake in shares of Johnson Controls International in the 4th quarter worth $26,000. SBI Securities Co. Ltd. purchased a new stake in Johnson Controls International in the fourth quarter valued at about $29,000. Synergy Asset Management LLC acquired a new stake in 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. increased its holdings 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 acquiring an additional 134 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director George Oliver sold 15,669 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $77.49, for a total value of $1,214,190.81. Following the completion of the sale, the director now directly owns 1,003,893 shares in the company, valued at $77,791,668.57. The trade was a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the stock in a transaction that occurred 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 transaction, the vice president now owns 24,803 shares in the company, valued at $2,175,967.19. This trade represents a 7.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 905,864 shares of company stock valued at $77,824,710. 0.54% of the stock is owned by company insiders.

Johnson Controls International Trading Down 0.6 %

Shares of NYSE:JCI opened at $82.23 on Friday. The company has a market capitalization of $54.28 billion, a PE ratio of 31.39, a PEG ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a 12-month low of $59.83 and a 12-month high of $91.14. The business has a 50 day moving average of $82.99 and a two-hundred day moving average of $80.43. 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 announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) 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, analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be paid a $0.37 dividend. The ex-dividend date is Monday, March 24th. This represents a $1.48 annualized dividend and a dividend yield of 1.80%. Johnson Controls International’s dividend payout ratio is presently 56.49%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on JCI shares. Melius Research reissued a “hold” rating and set a $95.00 target price on shares of Johnson Controls International in a research report on Tuesday, January 28th. Melius lowered 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 report on Tuesday, January 28th. JPMorgan Chase & Co. raised their target price on Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Wells Fargo & Company boosted their price target on Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Morgan Stanley increased their price objective on Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Johnson Controls International has a consensus rating of “Moderate Buy” and an average price target of $91.27.

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.