Canada Pension Plan Investment Board Grows Stake in Johnson Controls International PLC (JCI)

Canada Pension Plan Investment Board boosted its stake in Johnson Controls International PLC (NYSE:JCI) by 978.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 784,642 shares of the auto parts company’s stock after buying an additional 711,914 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.08% of Johnson Controls International PLC worth $31,613,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. boosted its stake in Johnson Controls International PLC by 5.5% in the 2nd quarter. Bessemer Group Inc. now owns 2,550 shares of the auto parts company’s stock valued at $110,000 after buying an additional 133 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in Johnson Controls International PLC by 171.7% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,663 shares of the auto parts company’s stock valued at $116,000 after buying an additional 1,683 shares in the last quarter. Harfst & Associates Inc. boosted its stake in Johnson Controls International PLC by 16.9% in the 2nd quarter. Harfst & Associates Inc. now owns 2,691 shares of the auto parts company’s stock valued at $116,000 after buying an additional 389 shares in the last quarter. Grove Bank & Trust boosted its stake in Johnson Controls International PLC by 57.7% in the 2nd quarter. Grove Bank & Trust now owns 2,693 shares of the auto parts company’s stock valued at $117,000 after buying an additional 985 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. boosted its stake in Johnson Controls International PLC by 4.2% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 3,714 shares of the auto parts company’s stock valued at $161,000 after buying an additional 150 shares in the last quarter. 86.04% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently commented on JCI shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $51.00 price target (up previously from $50.00) on shares of Johnson Controls International PLC in a research note on Monday, July 10th. Wolfe Research started coverage on Johnson Controls International PLC in a research note on Tuesday, July 11th. They issued a “market perform” rating on the stock. Atlantic Securities lowered Johnson Controls International PLC from an “overweight” rating to a “neutral” rating in a research note on Friday, July 28th. Gabelli raised Johnson Controls International PLC from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Friday, July 28th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $43.00 price objective (down previously from $48.00) on shares of Johnson Controls International PLC in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $48.29.

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Johnson Controls International PLC (JCI) opened at $40.68 on Monday. The company has a current ratio of 1.21, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $37,929.98, a PE ratio of 13.79, a P/E/G ratio of 1.04 and a beta of 0.94. Johnson Controls International PLC has a fifty-two week low of $36.74 and a fifty-two week high of $46.17.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Monday, September 25th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, September 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.46%. Johnson Controls International PLC’s payout ratio is presently -196.08%.

In related news, VP Jeffrey M. Williams sold 1,955 shares of the stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $41.43, for a total transaction of $80,995.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Johnson Controls International PLC Profile

Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.

Institutional Ownership by Quarter for Johnson Controls International PLC (NYSE:JCI)

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