Fisher Asset Management LLC Purchases 280,704 Shares of Johnson Controls International plc $JCI

Fisher Asset Management LLC increased its position in Johnson Controls International plc (NYSE:JCI) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,239,953 shares of the company’s stock after purchasing an additional 280,704 shares during the quarter. Fisher Asset Management LLC’s holdings in Johnson Controls International were worth $2,064,485,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Catalyst Financial Partners LLC lifted its position in Johnson Controls International by 2.5% in the third quarter. Catalyst Financial Partners LLC now owns 3,398 shares of the company’s stock worth $374,000 after purchasing an additional 84 shares during the period. Millstone Evans Group LLC lifted its position in Johnson Controls International by 2.6% in the fourth quarter. Millstone Evans Group LLC now owns 3,427 shares of the company’s stock worth $410,000 after purchasing an additional 87 shares during the period. apricus wealth LLC lifted its position in Johnson Controls International by 3.1% in the fourth quarter. apricus wealth LLC now owns 2,946 shares of the company’s stock worth $353,000 after purchasing an additional 89 shares during the period. CYBER HORNET ETFs LLC lifted its position in Johnson Controls International by 5.0% in the fourth quarter. CYBER HORNET ETFs LLC now owns 1,921 shares of the company’s stock worth $230,000 after purchasing an additional 92 shares during the period. Finally, MainStreet Investment Advisors LLC lifted its position in Johnson Controls International by 4.7% in the third quarter. MainStreet Investment Advisors LLC now owns 2,230 shares of the company’s stock worth $245,000 after purchasing an additional 100 shares during the period. 90.05% of the stock is owned by institutional investors.

Insider Buying and Selling at Johnson Controls International

In other news, VP Lei Zhang Schlitz sold 88,809 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $140.99, for a total value of $12,521,180.91. Following the completion of the sale, the vice president directly owned 57,059 shares in the company, valued at approximately $8,044,748.41. This trade represents a 60.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on JCI shares. BNP Paribas Exane started coverage on Johnson Controls International in a research report on Tuesday, April 14th. They issued an “underperform” rating and a $120.00 target price for the company. Citigroup raised their target price on Johnson Controls International from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Wolfe Research reduced their target price on Johnson Controls International from $161.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. UBS Group increased their price objective on Johnson Controls International from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Wells Fargo & Company increased their price objective on Johnson Controls International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Eleven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $147.63.

Johnson Controls International Stock Performance

Johnson Controls International stock opened at $138.51 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.85. The stock has a fifty day moving average price of $137.64 and a two-hundred day moving average price of $128.35. Johnson Controls International plc has a 52-week low of $96.31 and a 52-week high of $147.32. The firm has a market capitalization of $84.51 billion, a P/E ratio of 24.78, a P/E/G ratio of 1.52 and a beta of 1.37.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%.The firm had revenue of $6.14 billion during the quarter. As a group, analysts anticipate that Johnson Controls International plc will post 4.87 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Monday, March 16th were paid a $0.40 dividend. The ex-dividend date was Monday, March 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. Johnson Controls International’s dividend payout ratio (DPR) is 28.62%.

About Johnson Controls International

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.