Magnetar Financial LLC Purchases New Shares in Johnson Controls International plc (NYSE:JCI)

Magnetar Financial LLC bought a new position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,878 shares of the company's stock, valued at approximately $701,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JCI. Gilbert & Cook Inc. grew its stake in shares of Johnson Controls International by 2.0% in the 4th quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company's stock worth $510,000 after purchasing an additional 127 shares during the last quarter. Jackson Hole Capital Partners LLC grew its position in Johnson Controls International by 0.7% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company's stock worth $1,470,000 after buying an additional 127 shares during the last quarter. Graypoint LLC increased its holdings in shares of Johnson Controls International by 4.1% in the fourth quarter. Graypoint LLC now owns 3,277 shares of the company's stock valued at $259,000 after buying an additional 130 shares in the last quarter. ST Germain D J Co. Inc. lifted its position in shares of 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 valued at $43,000 after acquiring an additional 134 shares during the last quarter. Finally, Brooklyn Investment Group lifted its position in shares of Johnson Controls International by 3.1% during the 4th quarter. Brooklyn Investment Group now owns 4,444 shares of the company's stock valued at $351,000 after acquiring an additional 135 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

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Insider Activity at Johnson Controls International

In related news, 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 owns 1,003,893 shares in the company, valued at $77,791,668.57. This trade represents a 1.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $76.44, for a total transaction of $108,621.24. Following 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 905,864 shares of company stock worth $77,824,710. 0.54% of the stock is owned by corporate insiders.

Johnson Controls International Stock Performance

JCI traded down $0.25 during midday trading on Tuesday, reaching $84.27. The company's stock had a trading volume of 3,086,262 shares, compared to its average volume of 4,171,447. 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 cap of $55.63 billion, a P/E ratio of 32.16, a PEG ratio of 1.96 and a beta of 1.32. The company has a fifty day simple moving average of $82.88 and a 200 day simple moving average of $80.40. 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 (NYSE:JCI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping 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%. Research analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be issued a $0.37 dividend. The ex-dividend date is Monday, March 24th. This represents a $1.48 annualized dividend and a yield of 1.76%. Johnson Controls International's dividend payout ratio (DPR) is 56.49%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Morgan Stanley boosted their target price on Johnson Controls International from $95.00 to $105.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Melius cut shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 target price for the company. in a report on Tuesday, January 28th. Argus upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 price target on the stock in a report on Friday, December 20th. JPMorgan Chase & Co. raised their price objective on shares of Johnson Controls International from $87.00 to $100.00 and gave the stock an "overweight" 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 boosted their target price for the company from $90.00 to $103.00 in a research note on Monday, February 10th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.