Geode Capital Management LLC Purchases 343,517 Shares of Johnson Controls International plc (NYSE:JCI)

Geode Capital Management LLC grew its holdings in Johnson Controls International plc (NYSE:JCI) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,818,777 shares of the company’s stock after purchasing an additional 343,517 shares during the period. Geode Capital Management LLC owned about 2.09% of Johnson Controls International worth $1,087,670,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Compass Financial Services Inc bought a new position in Johnson Controls International in the fourth quarter valued at $26,000. SBI Securities Co. Ltd. bought a new position in shares of Johnson Controls International in the 4th quarter valued at about $29,000. Synergy Asset Management LLC bought a new position in shares of Johnson Controls International in the 4th quarter valued at about $42,000. Crowley Wealth Management Inc. acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at about $42,000. Finally, ST Germain D J Co. Inc. raised its holdings in 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 worth $43,000 after acquiring an additional 134 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Insider Activity

In other Johnson Controls International news, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the transaction, the vice president now directly owns 148,346 shares of the company’s stock, valued at $11,339,568.24. The trade was a 0.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Oliver sold 205,168 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $88.03, for a total value of $18,060,939.04. Following the sale, the chief executive officer now owns 1,260,527 shares of the company’s stock, valued at approximately $110,964,191.81. The trade was a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 907,286 shares of company stock worth $77,938,071. Corporate insiders own 0.54% of the company’s stock.

Johnson Controls International Stock Performance

NYSE:JCI opened at $81.34 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The stock has a 50 day simple moving average of $82.91 and a 200 day simple moving average of $80.77. Johnson Controls International plc has a 1-year low of $59.83 and a 1-year high of $91.14. The stock has a market cap of $53.69 billion, a P/E ratio of 31.04, a PEG ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating 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%. Research analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 annualized dividend and a dividend yield of 1.82%. Johnson Controls International’s dividend payout ratio is presently 56.49%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Melius downgraded Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target for the company. in a research note on Tuesday, January 28th. Wells Fargo & Company raised their target price on shares of Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Royal Bank of Canada upped their price target on shares of Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. increased their price target on shares of Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Melius Research restated a “hold” rating and set a $95.00 price objective on shares of Johnson Controls International in a research note on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Johnson Controls International has a consensus rating of “Moderate Buy” and an average target price of $91.27.

About Johnson Controls International

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.