Johnson Controls International plc (NYSE:JCI) Shares Acquired by TCW Group Inc.

TCW Group Inc. increased its position in shares of Johnson Controls International plc (NYSE:JCI) by 14.5% during the third quarter, Holdings Channel.com reports. The fund owned 740,830 shares of the company’s stock after acquiring an additional 93,877 shares during the quarter. TCW Group Inc.’s holdings in Johnson Controls International were worth $57,496,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JCI. State Street Corp grew its stake in shares of Johnson Controls International by 1.1% in the 3rd quarter. State Street Corp now owns 27,939,766 shares of the company’s stock worth $2,178,595,000 after purchasing an additional 300,712 shares during the last quarter. Fisher Asset Management LLC grew its position in Johnson Controls International by 3.4% in the third quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company’s stock worth $1,187,084,000 after buying an additional 509,293 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Johnson Controls International by 0.5% in the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock valued at $1,041,822,000 after buying an additional 71,493 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Johnson Controls International by 8.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,855,075 shares of the company’s stock valued at $389,214,000 after acquiring an additional 479,548 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Johnson Controls International by 514.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock worth $418,439,000 after acquiring an additional 4,514,792 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total transaction of $231,240.00. Following the transaction, the chief operating officer now owns 140,488 shares of the company’s stock, valued at $10,828,815.04. This represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the transaction, the chief executive officer now owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. This represents a 8.17 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 865,159 shares of company stock worth $70,161,300. Corporate insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Down 1.3 %

NYSE JCI opened at $82.79 on Wednesday. The firm has a 50-day simple moving average of $80.04 and a 200 day simple moving average of $73.61. 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 stock has a market cap of $54.82 billion, a PE ratio of 32.59, a PEG ratio of 2.35 and a beta of 1.31. Johnson Controls International plc has a twelve month low of $51.70 and a twelve month high of $87.16.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors 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 1.79%. Johnson Controls International’s payout ratio is 58.27%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on JCI. Bank of America boosted their target price on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Wells Fargo & Company upped their price objective on shares of Johnson Controls International from $84.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Oppenheimer lifted their target price on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. UBS Group began coverage on shares of Johnson Controls International in a research report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price objective on the stock. Finally, Mizuho increased their price objective on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Twelve analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Johnson Controls International currently has a consensus rating of “Hold” and a consensus price target of $78.57.

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.