Sierra Summit Advisors LLC acquired a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 16,901 shares of the company's stock, valued at approximately $1,334,000.
A number of other hedge funds also recently made changes to their positions in JCI. Vanguard Group Inc. boosted its stake in Johnson Controls International by 0.3% during the 4th 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. lifted its position in shares of Johnson Controls International by 6.0% during the fourth quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company's stock worth $1,842,571,000 after purchasing an additional 1,325,500 shares during the last quarter. Fisher Asset Management LLC increased its holdings in 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 valued at $1,242,597,000 after buying an additional 447,513 shares during the last quarter. Geode Capital Management LLC raised its stake in Johnson Controls International by 2.5% during 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 buying an additional 343,517 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Johnson Controls International in the 4th quarter worth approximately $568,309,000. Hedge funds and other institutional investors own 90.05% of the company's stock.
Insider Buying and Selling
In related news, CEO George Oliver sold 162,894 shares of the firm's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $89.28, for a total value of $14,543,176.32. Following the transaction, the chief executive officer now directly owns 1,203,893 shares in the company, valued at approximately $107,483,567.04. This trade represents a 11.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Nathan D. Manning sold 1,421 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were 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 directly owns 148,346 shares in the company, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 907,286 shares of company stock worth $77,938,071. Insiders own 0.54% of the company's stock.
Analyst Ratings Changes
JCI has been the topic of several research reports. UBS Group raised Johnson Controls International from a "neutral" rating to a "buy" rating and upped their price target for the company from $90.00 to $103.00 in a research report on Monday, February 10th. Barclays decreased their price target on shares of Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating for the company in a report on Monday, March 10th. Melius Research reiterated a "hold" rating and set a $95.00 price objective on shares of Johnson Controls International in a research note on Tuesday, January 28th. Citigroup decreased their target price on 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. Finally, Royal Bank of Canada raised their price target on Johnson Controls International from $86.00 to $93.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $90.00.
Check Out Our Latest Research Report on JCI
Johnson Controls International Trading Up 1.9 %
Shares of NYSE:JCI traded up $1.45 during midday trading on Friday, reaching $77.68. The company had a trading volume of 3,026,682 shares, compared to its average volume of 4,469,610. The company has a fifty day simple moving average of $82.34 and a two-hundred day simple moving average of $80.79. The firm has a market cap of $51.28 billion, a price-to-earnings ratio of 29.65, a price-to-earnings-growth ratio of 1.96 and a beta of 1.22. Johnson Controls International plc has a 1-year low of $59.83 and a 1-year high of $91.14. 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 (NYSE:JCI - Get Free Report) last released its quarterly 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%. Research analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.
Johnson Controls International Announces Dividend
The company also recently announced 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. This represents a $1.48 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International's payout ratio is currently 56.49%.
About Johnson Controls International
(
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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