Mirae Asset Global Investments Co. Ltd. Purchases 200,028 Shares of Johnson Controls International plc $JCI

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Johnson Controls International plc (NYSE:JCI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 200,028 shares of the company’s stock, valued at approximately $29,734,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Amundi boosted its holdings in Johnson Controls International by 157.2% during the 1st quarter. Amundi now owns 5,965,212 shares of the company’s stock worth $781,145,000 after acquiring an additional 3,646,047 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in Johnson Controls International by 702.5% during the first quarter. Hsbc Holdings PLC now owns 1,962,770 shares of the company’s stock worth $256,820,000 after purchasing an additional 1,718,179 shares during the last quarter. Cullen Capital Management LLC purchased a new position in Johnson Controls International during the second quarter worth about $244,214,000. First Trust Advisors LP grew its position in Johnson Controls International by 28.3% in the 1st quarter. First Trust Advisors LP now owns 5,761,677 shares of the company’s stock worth $754,492,000 after purchasing an additional 1,270,849 shares in the last quarter. Finally, State Street Corp grew its position in Johnson Controls International by 2.2% in the 2nd quarter. State Street Corp now owns 28,283,873 shares of the company’s stock worth $4,143,674,000 after purchasing an additional 621,319 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $146.12 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.90 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $88.51 billion, a PE ratio of 30.49, a P/E/G ratio of 1.13 and a beta of 1.27. Johnson Controls International plc has a twelve month low of $108.41 and a twelve month high of $160.41. The company has a 50-day moving average price of $147.42 and a two-hundred day moving average price of $140.96.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.07. The company had revenue of $7.11 billion for the quarter, compared to analyst estimates of $7.04 billion. Johnson Controls International had a net margin of 11.12% and a return on equity of 23.38%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.26 earnings per share. Equities analysts forecast that Johnson Controls International plc will post 6.29 EPS for the current year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, September 21st were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, September 21st. Johnson Controls International’s dividend payout ratio (DPR) is presently 34.19%.

Insider Buying and Selling at Johnson Controls International

In related news, Director Juergen Tinggren sold 4,000 shares of the business’s stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $159.19, for a total transaction of $636,760.00. Following the sale, the director directly owned 27,236 shares in the company, valued at approximately $4,335,698.84. The trade was a 12.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on JCI shares. Sanford C. Bernstein reiterated an “outperform” rating on shares of Johnson Controls International in a research note on Wednesday, October 7th. BNP Paribas Exane raised their target price on Johnson Controls International from $130.00 to $145.00 and gave the company an “underperform” rating in a research report on Wednesday, October 28th. Evercore set a $170.00 target price on Johnson Controls International in a research note on Wednesday, October 28th. Mizuho increased their price target on shares of Johnson Controls International from $150.00 to $165.00 and gave the company a “neutral” rating in a research report on Thursday, October 15th. Finally, The Goldman Sachs Group increased their price target on shares of Johnson Controls International from $186.00 to $191.00 and gave the company a “buy” rating in a research report on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $166.86.

Johnson Controls International Company Profile

Johnson Controls International plc (NYSE:JCI) is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.