Saturna Capital Corp Acquires 368 Shares of Johnson Controls International plc (NYSE:JCI)

Saturna Capital Corp grew its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 0.0% in the 3rd quarter, Holdings Channel reports. The fund owned 2,641,639 shares of the company’s stock after buying an additional 368 shares during the period. Johnson Controls International accounts for 2.7% of Saturna Capital Corp’s investment portfolio, making the stock its 10th largest holding. Saturna Capital Corp’s holdings in Johnson Controls International were worth $205,018,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. MQS Management LLC bought a new stake in Johnson Controls International during the 3rd quarter worth $522,000. Simmons Bank bought a new stake in shares of Johnson Controls International during the third quarter worth about $225,000. RPG Investment Advisory LLC grew its holdings in shares of Johnson Controls International by 1.3% during the third quarter. RPG Investment Advisory LLC now owns 195,034 shares of the company’s stock worth $15,137,000 after purchasing an additional 2,541 shares during the last quarter. Aigen Investment Management LP increased its stake in shares of Johnson Controls International by 133.8% in the third quarter. Aigen Investment Management LP now owns 9,279 shares of the company’s stock valued at $720,000 after buying an additional 5,311 shares during the period. Finally, Prime Capital Investment Advisors LLC raised its holdings in Johnson Controls International by 17.6% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 25,050 shares of the company’s stock valued at $1,944,000 after buying an additional 3,746 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Nathan D. Manning sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total transaction of $231,240.00. Following the completion of the sale, the chief operating officer now directly owns 140,488 shares of the company’s stock, valued at $10,828,815.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total value of $231,240.00. Following the transaction, the chief operating officer now directly owns 140,488 shares in the company, valued at $10,828,815.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the sale, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 226,141 shares of company stock valued at $16,904,519 over the last three months. Corporate insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $85.16 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. The firm has a 50-day moving average of $75.88 and a 200-day moving average of $71.32. Johnson Controls International plc has a one year low of $50.60 and a one year high of $87.16. The company has a market cap of $56.89 billion, a P/E ratio of 33.53, a P/E/G ratio of 2.42 and a beta of 1.29.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were paid a $0.37 dividend. The ex-dividend date was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.74%. Johnson Controls International’s payout ratio is presently 58.27%.

Analysts Set New Price Targets

Several brokerages have issued reports on JCI. Barclays upped their price target on shares of Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Robert W. Baird increased their price target on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Bank of America lifted their price target on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. The Goldman Sachs Group increased their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada upped their price target on Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $75.64.

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.