Johnson Controls International plc (NYSE:JCI) Shares Acquired by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. boosted its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 257.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,269,065 shares of the company's stock after purchasing an additional 914,415 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.19% of Johnson Controls International worth $100,167,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Compass Financial Services Inc acquired a new stake in shares of Johnson Controls International during the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. purchased a new position in Johnson Controls International in the fourth quarter valued at about $29,000. Crowley Wealth Management Inc. acquired a new stake in Johnson Controls International during the 4th quarter valued at approximately $42,000. Synergy Asset Management LLC purchased a new stake in Johnson Controls International during the 4th quarter worth approximately $42,000. Finally, ST Germain D J Co. Inc. increased its holdings in Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company's stock worth $43,000 after purchasing an additional 134 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company's stock.

Johnson Controls International Stock Performance

Shares of JCI opened at $78.30 on Thursday. The firm has a fifty day moving average of $80.52 and a 200-day moving average of $80.79. The company has a market cap of $51.69 billion, a price-to-earnings ratio of 29.89, a price-to-earnings-growth ratio of 1.96 and a beta of 1.22. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. Johnson Controls International plc has a 1 year low of $59.83 and a 1 year high of $91.14.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. As a group, equities analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Monday, March 24th. Johnson Controls International's dividend payout ratio is currently 56.49%.

Analysts Set New Price Targets

JCI has been the subject of a number of recent analyst reports. Melius downgraded shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price target for the company. in a research report on Tuesday, January 28th. Royal Bank of Canada raised their price objective on shares of Johnson Controls International from $86.00 to $93.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Barclays reduced their price target on shares of Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Monday, March 10th. Citigroup lowered their price objective on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Wells Fargo & Company increased their target price on Johnson Controls International from $92.00 to $98.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.07.

Insider Buying and Selling at Johnson Controls International

In related news, CEO George Oliver sold 205,168 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the transaction, the chief executive officer now owns 1,260,527 shares in the company, valued at $110,964,191.81. This trade represents a 14.00 % 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, VP Nathan D. Manning sold 1,421 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the sale, the vice president now owns 148,346 shares of the company's stock, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 907,286 shares of company stock valued at $77,938,071 in the last quarter. Corporate insiders own 0.54% of the company's stock.

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.

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