Northwestern Mutual Wealth Management Co. Buys 62,291 Shares of Johnson Controls International plc $JCI

Northwestern Mutual Wealth Management Co. boosted its stake in shares of Johnson Controls International plc (NYSE:JCI) by 143.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 105,866 shares of the company’s stock after purchasing an additional 62,291 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Johnson Controls International were worth $12,677,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. State Street Corp raised its holdings in shares of Johnson Controls International by 0.6% in the 3rd quarter. State Street Corp now owns 28,684,645 shares of the company’s stock valued at $3,165,286,000 after purchasing an additional 163,167 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Johnson Controls International by 2.1% in the 3rd quarter. Fisher Asset Management LLC now owns 16,959,249 shares of the company’s stock valued at $1,864,670,000 after purchasing an additional 354,266 shares in the last quarter. Capital World Investors raised its holdings in shares of Johnson Controls International by 0.3% in the 3rd quarter. Capital World Investors now owns 7,535,476 shares of the company’s stock valued at $828,526,000 after purchasing an additional 19,550 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Johnson Controls International by 1.1% in the 3rd quarter. Northern Trust Corp now owns 6,907,287 shares of the company’s stock valued at $759,456,000 after purchasing an additional 72,917 shares in the last quarter. Finally, Viking Global Investors LP raised its holdings in shares of Johnson Controls International by 368.5% in the 3rd quarter. Viking Global Investors LP now owns 6,796,942 shares of the company’s stock valued at $747,324,000 after purchasing an additional 5,346,130 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

JCI has been the subject of several recent research reports. Robert W. Baird boosted their price target on shares of Johnson Controls International from $132.00 to $148.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Citigroup boosted their price target on shares of Johnson Controls International from $150.00 to $155.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Evercore initiated coverage on shares of Johnson Controls International in a report on Monday, April 13th. They issued a “hold” rating and a $155.00 price target for the company. Rothschild & Co Redburn boosted their price target on shares of Johnson Controls International from $137.00 to $150.00 and gave the company a “buy” rating in a report on Monday, February 9th. Finally, Barclays boosted their price target on shares of Johnson Controls International from $136.00 to $144.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Eleven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Johnson Controls International has an average rating of “Hold” and an average price target of $147.63.

Johnson Controls International Stock Down 1.7%

NYSE:JCI opened at $135.43 on Friday. The company has a market cap of $82.63 billion, a PE ratio of 24.23, a P/E/G ratio of 1.52 and a beta of 1.37. Johnson Controls International plc has a twelve month low of $96.31 and a twelve month high of $147.32. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The company’s 50 day moving average is $137.57 and its two-hundred day moving average is $128.17.

Johnson Controls International (NYSE:JCI) last released its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share for the quarter. The company had revenue of $6.14 billion for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. Analysts anticipate that Johnson Controls International plc will post 4.87 EPS for the current year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Monday, March 16th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, March 16th. Johnson Controls International’s payout ratio is currently 28.62%.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 88,809 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the sale, the vice president owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. The trade was a 60.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Daniel C. Mcconeghy sold 3,600 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $142.56, for a total transaction of $513,216.00. Following the sale, the vice president directly owned 24,273 shares in the company, valued at approximately $3,460,358.88. This represents a 12.92% decrease in their position. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by insiders.

Johnson Controls International Company Profile

Johnson Controls International plc is a global diversified technology and multi?industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building?related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air?conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.