Meeder Asset Management Inc. Purchases 250 Shares of Johnson Controls International plc (NYSE:JCI)

Meeder Asset Management Inc. increased its holdings in Johnson Controls International plc (NYSE:JCI) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,755 shares of the company’s stock after purchasing an additional 250 shares during the quarter. Meeder Asset Management Inc.’s holdings in Johnson Controls International were worth $2,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of JCI. Townsquare Capital LLC raised its holdings in shares of Johnson Controls International by 29.9% during the third quarter. Townsquare Capital LLC now owns 14,101 shares of the company’s stock valued at $1,094,000 after acquiring an additional 3,247 shares in the last quarter. CreativeOne Wealth LLC bought a new position in Johnson Controls International in the 3rd quarter worth $328,000. Public Sector Pension Investment Board lifted its position in shares of Johnson Controls International by 14.1% in the 3rd quarter. Public Sector Pension Investment Board now owns 28,321 shares of the company’s stock worth $2,198,000 after purchasing an additional 3,500 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of Johnson Controls International by 3.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 411,373 shares of the company’s stock valued at $31,920,000 after purchasing an additional 12,547 shares in the last quarter. Finally, Fred Alger Management LLC increased its position in shares of Johnson Controls International by 19.1% during the third quarter. Fred Alger Management LLC now owns 49,233 shares of the company’s stock valued at $3,821,000 after buying an additional 7,881 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Down 3.1 %

Johnson Controls International stock opened at $79.64 on Monday. The firm has a market cap of $52.57 billion, a price-to-earnings ratio of 30.40, a PEG ratio of 1.96 and a beta of 1.32. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 12 month low of $59.83 and a 12 month high of $91.14. The stock has a fifty day simple moving average of $82.95 and a two-hundred day simple moving average of $80.64.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. Equities analysts predict that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International’s dividend payout ratio is currently 56.49%.

Insiders Place Their Bets

In other news, VP Daniel C. Mcconeghy sold 1,950 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the completion of the sale, the vice president now owns 24,803 shares of the company’s stock, valued at $2,175,967.19. This represents a 7.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director George Oliver sold 15,669 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $77.49, for a total transaction of $1,214,190.81. Following the completion of the transaction, the director now directly owns 1,003,893 shares in the company, valued at approximately $77,791,668.57. The trade was a 1.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 905,864 shares of company stock valued at $77,824,710. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on JCI. Morgan Stanley lifted their price objective on Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Friday, December 20th. UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and upped their target price for the stock from $90.00 to $103.00 in a research report on Monday, February 10th. Royal Bank of Canada lifted their price target on shares of Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. raised their target price 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. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Johnson Controls International presently has an average 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.