Johnson Controls International plc (NYSE:JCI) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB lifted its stake in Johnson Controls International plc (NYSE:JCI) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,970 shares of the company’s stock after buying an additional 2,953 shares during the period. Nordea Investment Management AB’s holdings in Johnson Controls International were worth $4,817,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Fortitude Family Office LLC boosted its holdings in Johnson Controls International by 195.8% in the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after purchasing an additional 278 shares during the last quarter. Wolff Wiese Magana LLC boosted its holdings in Johnson Controls International by 977.3% in the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after purchasing an additional 430 shares during the last quarter. Western Pacific Wealth Management LP purchased a new position in Johnson Controls International in the third quarter valued at about $44,000. Larson Financial Group LLC lifted its holdings in Johnson Controls International by 169.3% during the 3rd quarter. Larson Financial Group LLC now owns 738 shares of the company’s stock worth $57,000 after buying an additional 464 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in Johnson Controls International during the 3rd quarter worth approximately $61,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Trading Down 1.7 %

Johnson Controls International stock opened at $78.70 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. The business’s 50-day simple moving average is $81.89 and its 200-day simple moving average is $75.22. The firm has a market capitalization of $52.11 billion, a PE ratio of 30.98, a PEG ratio of 2.31 and a beta of 1.32. Johnson Controls International plc has a 52 week low of $51.71 and a 52 week high of $87.16.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, December 23rd will be paid a $0.37 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.88%. Johnson Controls International’s payout ratio is presently 58.27%.

Analyst Ratings Changes

JCI has been the topic of a number of research reports. Barclays increased their price target on 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. Bank of America raised their price objective on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Wells Fargo & Company decreased their target price on Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating for the company in a research report on Tuesday. UBS Group initiated coverage on Johnson Controls International in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 target price for the company. Finally, Robert W. Baird raised their target price on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Johnson Controls International currently has a consensus rating of “Hold” and a consensus price target of $81.07.

Insider Transactions at Johnson Controls International

In related news, EVP Marlon Sullivan sold 7,230 shares of Johnson Controls International stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the sale, the executive vice president now directly owns 32,246 shares of the company’s stock, valued at $2,687,704.10. This trade represents a 18.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Oliver sold 124,497 shares of Johnson Controls International stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $82.67, for a total value of $10,292,166.99. Following the sale, the chief executive officer now directly owns 1,267,716 shares in the company, valued at approximately $104,802,081.72. This trade represents a 8.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 758,588 shares of company stock worth $62,480,987. Company insiders own 0.69% of the company’s stock.

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.