Katamaran Capital LLP bought a new position in Johnson Controls International plc (NYSE:JCI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 22,356 shares of the company's stock, valued at approximately $1,765,000. Johnson Controls International makes up about 2.2% of Katamaran Capital LLP's investment portfolio, making the stock its 17th largest holding.
Other large investors have also recently bought and sold shares of the company. Benjamin Edwards Inc. increased its holdings in Johnson Controls International by 80.9% in the third quarter. Benjamin Edwards Inc. now owns 5,280 shares of the company's stock valued at $410,000 after purchasing an additional 2,362 shares during the period. Hilltop Holdings Inc. raised its position in shares of Johnson Controls International by 14.3% during the third quarter. Hilltop Holdings Inc. now owns 6,582 shares of the company's stock worth $511,000 after acquiring an additional 825 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Johnson Controls International by 4.0% in the third quarter. Janus Henderson Group PLC now owns 124,366 shares of the company's stock worth $9,651,000 after acquiring an additional 4,777 shares during the period. IHT Wealth Management LLC acquired a new stake in Johnson Controls International during the 3rd quarter valued at approximately $239,000. Finally, Royal London Asset Management Ltd. raised its holdings in Johnson Controls International by 2.1% during the 3rd quarter. Royal London Asset Management Ltd. now owns 295,530 shares of the company's stock worth $22,936,000 after purchasing an additional 5,990 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.
Insider Transactions at Johnson Controls International
In other news, VP Daniel C. Mcconeghy sold 1,950 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $87.73, for a total value of $171,073.50. Following the transaction, the vice president now owns 24,803 shares in the company, valued at $2,175,967.19. The trade was a 7.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total value of $113,361.84. Following the sale, the vice president now owns 145,502 shares in the company, valued at $11,599,419.44. This trade represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 907,286 shares of company stock worth $77,938,071 in the last quarter. 0.54% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the stock. Citigroup decreased their price objective on shares of Johnson Controls International from $85.00 to $84.00 and set a "neutral" rating for the company in a research report on Monday, January 13th. Argus upgraded Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 price target for the company in a report on Friday, December 20th. Wells Fargo & Company boosted their price objective on Johnson Controls International from $92.00 to $98.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Royal Bank of Canada raised their target price on Johnson Controls International from $86.00 to $93.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 6th. Finally, UBS Group upgraded Johnson Controls International from a "neutral" rating to a "buy" rating and increased their price target for the stock from $90.00 to $103.00 in a report on Monday, February 10th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $90.00.
View Our Latest Report on JCI
Johnson Controls International Stock Down 3.7 %
Shares of JCI traded down $2.92 on Thursday, reaching $75.91. The company's stock had a trading volume of 2,996,725 shares, compared to its average volume of 4,456,631. Johnson Controls International plc has a twelve month low of $59.83 and a twelve month high of $91.14. The stock has a market capitalization of $50.11 billion, a PE ratio of 28.99, a PEG ratio of 1.96 and a beta of 1.22. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The firm has a fifty day moving average of $82.35 and a 200-day moving average of $80.77.
Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping the consensus estimate 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 year.
Johnson Controls International Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International's dividend payout ratio is 56.49%.
Johnson Controls International Profile
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Free Report)
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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