Waverly Advisors LLC raised its stake in shares of Johnson Controls International plc (NYSE:JCI – Free Report) by 197.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,953 shares of the company’s stock after buying an additional 6,602 shares during the quarter. Waverly Advisors LLC’s holdings in Johnson Controls International were worth $786,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Worldquant Millennium Advisors LLC increased its holdings in shares of Johnson Controls International by 51.8% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 490,376 shares of the company’s stock valued at $38,705,000 after acquiring an additional 167,412 shares in the last quarter. XN LP purchased a new stake in Johnson Controls International during the 4th quarter valued at about $74,326,000. Vident Advisory LLC increased its stake in Johnson Controls International by 5.9% during the 4th quarter. Vident Advisory LLC now owns 11,753 shares of the company’s stock valued at $928,000 after purchasing an additional 651 shares in the last quarter. Temasek Holdings Private Ltd raised its holdings in Johnson Controls International by 216.0% in the fourth quarter. Temasek Holdings Private Ltd now owns 135,988 shares of the company’s stock worth $10,734,000 after buying an additional 92,960 shares during the last quarter. Finally, Texas Bank & Trust Co purchased a new position in Johnson Controls International in the fourth quarter worth about $498,000. 90.05% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
JCI has been the subject of several analyst reports. Oppenheimer raised their price target on shares of Johnson Controls International from $90.00 to $96.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. Wells Fargo & Company lifted their target price on Johnson Controls International from $82.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft upgraded Johnson Controls International from a “hold” rating to a “buy” rating and boosted their price target for the stock from $101.00 to $112.00 in a research note on Monday, May 12th. Melius Research reaffirmed a “hold” rating and set a $95.00 price objective on shares of Johnson Controls International in a research report on Tuesday, January 28th. Finally, Vertical Research raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research report on Thursday, May 8th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $96.12.
Insider Activity at Johnson Controls International
In other Johnson Controls International news, CFO Marc Vandiepenbeeck sold 28,289 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $90.92, for a total transaction of $2,572,035.88. Following the sale, the chief financial officer now owns 147,673 shares in the company, valued at approximately $13,426,429.16. This trade represents a 16.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George Oliver sold 100,000 shares of Johnson Controls International stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $91.70, for a total transaction of $9,170,000.00. Following the transaction, the director now directly owns 904,305 shares in the company, valued at $82,924,768.50. This represents a 9.96% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 460,396 shares of company stock worth $38,645,569. Corporate insiders own 0.54% of the company’s stock.
Johnson Controls International Price Performance
Shares of NYSE:JCI opened at $98.04 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $64.51 billion, a PE ratio of 37.42, a price-to-earnings-growth ratio of 1.96 and a beta of 1.28. The firm’s 50 day moving average price is $84.10 and its 200-day moving average price is $83.01. Johnson Controls International plc has a twelve month low of $64.31 and a twelve month high of $98.53.
Johnson Controls International (NYSE:JCI – Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. The business had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.64 billion. During the same period in the prior year, the company earned $0.78 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. Equities research analysts expect that Johnson Controls International plc will post 3.64 EPS for the current year.
Johnson Controls International Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were issued a $0.37 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a yield of 1.51%. Johnson Controls International’s dividend payout ratio is currently 39.47%.
Johnson Controls International Company 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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