iA Global Asset Management Inc. Raises Stock Position in Johnson Controls International plc $JCI

iA Global Asset Management Inc. raised its stake in shares of Johnson Controls International plc (NYSE:JCI) by 79.3% during the second quarter, Holdings Channel reports. The firm owned 30,489 shares of the company’s stock after buying an additional 13,480 shares during the quarter. iA Global Asset Management Inc.’s holdings in Johnson Controls International were worth $3,220,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in JCI. Brighton Jones LLC purchased a new position in Johnson Controls International during the 4th quarter valued at $222,000. Rossby Financial LCC purchased a new stake in shares of Johnson Controls International in the 1st quarter worth about $42,000. First Horizon Advisors Inc. grew its position in shares of Johnson Controls International by 8.8% in the 1st quarter. First Horizon Advisors Inc. now owns 4,323 shares of the company’s stock worth $346,000 after buying an additional 349 shares during the period. Principal Financial Group Inc. grew its position in shares of Johnson Controls International by 4.2% in the 1st quarter. Principal Financial Group Inc. now owns 959,206 shares of the company’s stock worth $76,842,000 after buying an additional 38,512 shares during the period. Finally, Silver Oak Securities Incorporated purchased a new stake in shares of Johnson Controls International in the 1st quarter worth about $124,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $114.48 on Monday. The stock has a market cap of $74.91 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 1.70 and a beta of 1.33. The firm’s 50-day moving average is $108.64 and its 200 day moving average is $103.12. Johnson Controls International plc has a 1 year low of $68.03 and a 1 year high of $116.48. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81.

Johnson Controls International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.40 per share. The ex-dividend date was Monday, September 22nd. This represents a $1.60 annualized dividend and a yield of 1.4%. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. Johnson Controls International’s dividend payout ratio (DPR) is currently 47.48%.

Analyst Upgrades and Downgrades

JCI has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Johnson Controls International from $124.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Wolfe Research upped their target price on shares of Johnson Controls International from $132.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Robert W. Baird upped their target price on shares of Johnson Controls International from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group upped their target price on shares of Johnson Controls International from $119.00 to $124.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Ten research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $113.41.

Insider Activity

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 5,917 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total transaction of $625,604.41. Following the transaction, the vice president owned 25,005 shares in the company, valued at approximately $2,643,778.65. This represents a 19.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total transaction of $149,395.32. Following the transaction, the vice president owned 139,459 shares in the company, valued at $14,651,562.54. This represents a 1.01% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.54% of the stock is currently owned by corporate insiders.

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.