Jennison Associates LLC Buys 32,480 Shares of Johnson Controls International plc (NYSE:JCI)

Jennison Associates LLC boosted its holdings in Johnson Controls International plc (NYSE:JCI) by 4.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 787,964 shares of the company’s stock after buying an additional 32,480 shares during the period. Jennison Associates LLC owned 0.12% of Johnson Controls International worth $61,154,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Capital World Investors lifted its position in Johnson Controls International by 85.5% during the first quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock valued at $923,804,000 after purchasing an additional 6,520,580 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Johnson Controls International by 686.4% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock worth $295,487,000 after acquiring an additional 3,880,146 shares during the last quarter. Ceredex Value Advisors LLC purchased a new stake in Johnson Controls International during the second quarter valued at approximately $73,881,000. Point72 Asset Management L.P. lifted its stake in shares of Johnson Controls International by 263.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,341,919 shares of the company’s stock valued at $89,197,000 after purchasing an additional 973,145 shares during the last quarter. Finally, Electron Capital Partners LLC boosted its holdings in shares of Johnson Controls International by 81.3% in the 2nd quarter. Electron Capital Partners LLC now owns 1,432,335 shares of the company’s stock worth $95,207,000 after purchasing an additional 642,315 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the completion of the transaction, the chief operating officer now directly owns 140,488 shares of the company’s stock, valued at approximately $10,828,815.04. The trade was a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO George Oliver sold 110,615 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $90,383,385.17. This trade represents a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 336,943 shares of company stock valued at $26,278,184 over the last 90 days. Insiders own 0.69% of the company’s stock.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $82.98 on Thursday. Johnson Controls International plc has a 52 week low of $51.70 and a 52 week high of $87.16. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The firm has a market cap of $55.43 billion, a P/E ratio of 32.67, a P/E/G ratio of 2.33 and a beta of 1.29. The business’s 50 day moving average price is $77.65 and its 200 day moving average price is $72.16.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were paid a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.78%. Johnson Controls International’s payout ratio is currently 58.27%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on JCI shares. Oppenheimer upped their price target on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Royal Bank of Canada raised their price objective on Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. UBS Group started coverage on shares of Johnson Controls International in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price target for the company. The Goldman Sachs Group boosted their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Mizuho lifted their price target on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $77.21.

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.