Avanza Fonder AB Makes New $4.18 Million Investment in Johnson Controls International plc (NYSE:JCI)

Avanza Fonder AB purchased a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 50,478 shares of the company's stock, valued at approximately $4,183,000.

A number of other institutional investors also recently modified their holdings of the business. Certuity LLC acquired a new position in Johnson Controls International during the fourth quarter worth about $243,000. Vivid Wealth Management LLC bought a new stake in shares of Johnson Controls International during the 4th quarter valued at approximately $2,290,000. Stratos Wealth Partners LTD. grew its holdings in shares of Johnson Controls International by 6.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 7,139 shares of the company's stock valued at $564,000 after purchasing an additional 433 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Johnson Controls International by 15.4% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 6,611 shares of the company's stock worth $530,000 after purchasing an additional 882 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Johnson Controls International in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Analyst Ratings Changes

JCI has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Johnson Controls International from $81.00 to $98.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. UBS Group reissued a "buy" rating and set a $116.00 price objective (up previously from $103.00) on shares of Johnson Controls International in a report on Thursday, May 22nd. Citigroup lowered their target price on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Morgan Stanley increased their target price on Johnson Controls International from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, Barclays lifted their price target on Johnson Controls International from $85.00 to $90.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $97.88.

Insiders Place Their Bets

In related news, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $86.91, for a total transaction of $123,586.02. Following the transaction, the vice president now directly owns 144,704 shares of the company's stock, valued at approximately $12,576,224.64. This represents a 0.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Anuruddha Rathninde sold 15,000 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $103.13, for a total value of $1,546,950.00. Following the completion of the transaction, the vice president now owns 42,574 shares in the company, valued at approximately $4,390,656.62. The trade was a 26.05% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,555 shares of company stock worth $13,669,414. Corporate insiders own 0.54% of the company's stock.

Johnson Controls International Trading Down 1.7%

Johnson Controls International stock traded down $1.80 during mid-day trading on Friday, hitting $101.80. 5,424,562 shares of the stock were exchanged, compared to its average volume of 4,306,744. The stock has a market capitalization of $66.99 billion, a price-to-earnings ratio of 38.86, a PEG ratio of 1.96 and a beta of 1.33. Johnson Controls International plc has a 12 month low of $64.31 and a 12 month high of $104.15. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The firm's fifty day simple moving average is $90.08 and its two-hundred day simple moving average is $84.74.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.05. The company had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $5.64 billion. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. Johnson Controls International's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.78 earnings per share. Analysts forecast 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 will be paid on Friday, July 18th. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Monday, June 23rd. Johnson Controls International's payout ratio is 39.47%.

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.