Polymer Capital Management US LLC Purchases Shares of 9,400 Johnson Controls International plc (NYSE:JCI)

Polymer Capital Management US LLC acquired a new position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,400 shares of the company's stock, valued at approximately $742,000.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Johnson Controls International by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 68,156,110 shares of the company's stock valued at $5,379,562,000 after acquiring an additional 179,743 shares during the last quarter. Franklin Resources Inc. boosted its position in Johnson Controls International by 6.0% during the 4th quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company's stock worth $1,842,571,000 after acquiring an additional 1,325,500 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Johnson Controls International by 2.9% in the fourth quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company's stock worth $1,242,597,000 after purchasing an additional 447,513 shares in the last quarter. Geode Capital Management LLC grew its position in Johnson Controls International by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 13,818,777 shares of the company's stock valued at $1,087,670,000 after purchasing an additional 343,517 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Johnson Controls International in the 4th quarter valued at about $568,309,000. Institutional investors and hedge funds own 90.05% of the company's stock.

Remove Ads

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 205,168 shares of the business's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $88.03, for a total value of $18,060,939.04. Following the sale, the chief executive officer now directly owns 1,260,527 shares in the company, valued at $110,964,191.81. The trade was a 14.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $79.72, for a total value of $113,361.84. Following the transaction, the vice president now directly owns 145,502 shares of the company's stock, valued at $11,599,419.44. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 907,286 shares of company stock worth $77,938,071 in the last quarter. 0.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on JCI. Melius downgraded Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price target for the company. in a research note on Tuesday, January 28th. Barclays lowered their target price on shares of Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating on the stock in a report on Monday, March 10th. Citigroup cut their price target on shares of Johnson Controls International from $85.00 to $84.00 and set a "neutral" rating for the company in a research note on Monday, January 13th. UBS Group raised shares of Johnson Controls International from a "neutral" rating to a "buy" rating and upped their target price for the company from $90.00 to $103.00 in a report on Monday, February 10th. Finally, Morgan Stanley upped their price objective on Johnson Controls International from $95.00 to $105.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $90.00.

Johnson Controls International Stock Up 1.9 %

Shares of JCI stock traded up $1.45 on Friday, reaching $77.68. 3,026,682 shares of the company were exchanged, compared to its average volume of 4,469,610. Johnson Controls International plc has a one year low of $59.83 and a one year high of $91.14. The company has a market cap of $51.28 billion, a price-to-earnings ratio of 29.65, a PEG ratio of 1.96 and a beta of 1.22. The company has a 50-day moving average of $82.34 and a 200-day moving average of $80.79. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86.

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, beating 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%. 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 disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be given a $0.37 dividend. The ex-dividend date is Monday, March 24th. This represents a $1.48 annualized dividend and a yield of 1.91%. Johnson Controls International's dividend payout ratio is currently 56.49%.

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.