Flputnam Investment Management Co. Grows Stock Position in Johnson Controls International plc (NYSE:JCI)

Flputnam Investment Management Co. boosted its position in shares of Johnson Controls International plc (NYSE:JCI) by 11.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,545 shares of the company’s stock after buying an additional 550 shares during the quarter. Flputnam Investment Management Co.’s holdings in Johnson Controls International were worth $438,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Park Avenue Securities LLC boosted its stake in shares of Johnson Controls International by 101.5% during the 4th quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock worth $2,093,000 after purchasing an additional 13,360 shares during the period. Certuity LLC bought a new stake in Johnson Controls International in the fourth quarter worth about $243,000. Y Intercept Hong Kong Ltd boosted its position in shares of Johnson Controls International by 136.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock valued at $7,082,000 after buying an additional 52,719 shares during the period. Geode Capital Management LLC grew its stake in shares of Johnson Controls International by 0.5% during the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock valued at $1,041,822,000 after buying an additional 71,493 shares during the last quarter. Finally, BNC Wealth Management LLC purchased a new stake in shares of Johnson Controls International in the fourth quarter worth approximately $2,093,000. Institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on JCI. Citigroup dropped their price objective on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Oppenheimer upped their price target on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Barclays raised their price target on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Friday, December 20th. Finally, Royal Bank of Canada raised their target price on shares of Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.13.

Johnson Controls International Stock Down 3.7 %

Shares of NYSE JCI opened at $82.48 on Tuesday. Johnson Controls International plc has a 12-month low of $59.83 and a 12-month high of $91.14. The stock’s fifty day simple moving average is $82.48 and its two-hundred day simple moving average is $79.24. The stock has a market capitalization of $54.45 billion, a PE ratio of 31.48, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. 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) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. As a group, analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s payout ratio is currently 56.49%.

Insider Buying and Selling

In related news, CEO George Oliver sold 124,497 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $82.67, for a total transaction of $10,292,166.99. Following the transaction, the chief executive officer now directly owns 1,267,716 shares in the company, valued at $104,802,081.72. The trade was a 8.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Nathan D. Manning sold 1,421 shares of the 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 owns 148,346 shares of the company’s stock, valued at approximately $11,339,568.24. This trade represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 837,777 shares of company stock worth $72,867,455 in the last 90 days. 0.54% of the stock is owned by corporate insiders.

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.