Fisher Funds Management LTD Acquires New Stake in Johnson Controls International plc (NYSE:JCI)

Fisher Funds Management LTD bought a new position in Johnson Controls International plc (NYSE:JCI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 64,079 shares of the company’s stock, valued at approximately $5,066,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Compass Financial Services Inc bought a new position in shares of Johnson Controls International in the fourth quarter worth about $26,000. Fortitude Family Office LLC boosted its position in Johnson Controls International by 195.8% in the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after buying an additional 278 shares during the period. Synergy Asset Management LLC bought a new position in Johnson Controls International in the 4th quarter worth about $42,000. ST Germain D J Co. Inc. increased its position in shares of Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after acquiring an additional 134 shares during the period. Finally, Western Pacific Wealth Management LP bought a new stake in shares of Johnson Controls International during the third quarter valued at approximately $44,000. 90.05% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the transaction, the vice president now directly owns 148,346 shares of the company’s stock, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Oliver sold 162,894 shares of Johnson Controls International stock in a transaction dated Friday, February 14th. The stock was 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 directly owns 1,203,893 shares of the company’s stock, valued at $107,483,567.04. This trade represents a 11.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 708,700 shares of company stock valued at $62,083,088. Insiders own 0.54% of the company’s stock.

Johnson Controls International Stock Performance

Shares of JCI opened at $85.23 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The firm has a market cap of $56.26 billion, a PE ratio of 32.53, a P/E/G ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a 12 month low of $57.78 and a 12 month high of $91.14. The stock has a fifty day moving average price of $82.06 and a 200-day moving average price of $78.56.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping 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%. Equities research analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.37 per share. The ex-dividend date was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.74%. Johnson Controls International’s payout ratio is 56.49%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Oppenheimer raised their price target on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Melius Research reaffirmed a “hold” rating and issued a $95.00 price objective on shares of Johnson Controls International in a research note on Tuesday, January 28th. Robert W. Baird increased their target price on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Barclays boosted their price target on shares of Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Johnson Controls International currently has an average rating of “Moderate Buy” and an average target price of $91.13.

Johnson Controls International 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.