Fisher Asset Management LLC Grows Position in Johnson Controls International plc (NYSE:JCI)

Fisher Asset Management LLC raised its holdings in Johnson Controls International plc (NYSE:JCI) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,743,019 shares of the company’s stock after acquiring an additional 447,513 shares during the period. Fisher Asset Management LLC’s holdings in Johnson Controls International were worth $1,242,597,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of JCI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Johnson Controls International by 514.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock valued at $418,439,000 after purchasing an additional 4,514,792 shares during the last quarter. Proficio Capital Partners LLC increased its position in shares of Johnson Controls International by 9,843.4% during the 4th quarter. Proficio Capital Partners LLC now owns 484,542 shares of the company’s stock valued at $38,245,000 after purchasing an additional 479,669 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Johnson Controls International during the 4th quarter valued at about $32,609,000. Robeco Schweiz AG bought a new position in shares of Johnson Controls International during the 4th quarter valued at about $29,160,000. Finally, Worldquant Millennium Advisors LLC bought a new position in shares of Johnson Controls International during the 3rd quarter valued at about $25,065,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Price Performance

JCI opened at $85.68 on Friday. 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 plc has a 52-week low of $59.11 and a 52-week high of $91.14. The stock has a market capitalization of $56.56 billion, a PE ratio of 32.70, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The stock’s 50 day moving average price is $82.43 and its 200-day moving average price is $79.00.

Johnson Controls International (NYSE:JCI) last posted 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%. On average, equities research analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.73%. Johnson Controls International’s dividend payout ratio (DPR) is presently 56.49%.

Insider Activity

In related news, VP Daniel C. Mcconeghy sold 1,950 shares of Johnson Controls International stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $87.73, for a total transaction of $171,073.50. Following the sale, the vice president now directly owns 24,803 shares in the company, valued at $2,175,967.19. The trade was a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO George Oliver sold 162,894 shares of Johnson Controls International stock in a transaction that occurred 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 sale, the chief executive officer now owns 1,203,893 shares in the company, valued at $107,483,567.04. This represents a 11.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 837,963 shares of company stock valued at $72,883,012. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Melius lowered Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective on the stock. in a research report on Tuesday, January 28th. JPMorgan Chase & Co. increased their price objective on Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Melius Research reiterated a “hold” rating and set a $95.00 price objective on shares of Johnson Controls International in a research report on Tuesday, January 28th. Morgan Stanley raised their price target 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. Finally, Wells Fargo & Company raised their price target on Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $91.13.

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.