125,929 Shares in Johnson Controls International plc (NYSE:JCI) Acquired by Nearwater Capital Markets Ltd

Nearwater Capital Markets Ltd purchased a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 125,929 shares of the company's stock, valued at approximately $9,940,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in Johnson Controls International during the 4th quarter worth approximately $568,309,000. Norges Bank bought a new position in Johnson Controls International during the fourth quarter worth about $560,549,000. Invesco Ltd. boosted its holdings in Johnson Controls International by 13.2% in the 4th quarter. Invesco Ltd. now owns 18,407,597 shares of the company's stock valued at $1,452,912,000 after purchasing an additional 2,150,573 shares during the period. Amundi boosted its stake in shares of Johnson Controls International by 76.7% in the fourth quarter. Amundi now owns 3,870,478 shares of the company's stock valued at $309,422,000 after buying an additional 1,680,431 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Johnson Controls International by 6.0% in the 4th quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company's stock valued at $1,842,571,000 after acquiring an additional 1,325,500 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Trading Up 0.9%

JCI opened at $96.10 on Wednesday. Johnson Controls International plc has a fifty-two week low of $64.31 and a fifty-two week high of $97.11. The firm has a market capitalization of $63.24 billion, a PE ratio of 36.68, a P/E/G ratio of 1.96 and a beta of 1.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The company's 50-day moving average is $81.19 and its 200 day moving average is $81.87.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.05. The company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.64 billion. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. The firm's revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm earned $0.78 earnings per share. As a group, 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 company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were given a dividend of $0.37 per share. 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 1.54%. Johnson Controls International's payout ratio is 39.47%.

Wall Street Analyst Weigh In

JCI has been the subject of a number of analyst reports. Citigroup dropped their price target on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company boosted their price objective on shares of Johnson Controls International from $82.00 to $100.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. decreased their price target on Johnson Controls International from $100.00 to $81.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Melius Research reiterated a "hold" rating and issued a $95.00 target price on shares of Johnson Controls International in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada increased their target price on shares of Johnson Controls International from $82.00 to $98.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $94.06.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, CFO Marc Vandiepenbeeck sold 28,289 shares of Johnson Controls International stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $90.92, for a total value of $2,572,035.88. Following the completion of the sale, the chief financial officer now owns 147,673 shares of the company's stock, valued at approximately $13,426,429.16. This trade represents a 16.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Oliver sold 129,263 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $83.55, for a total transaction of $10,799,923.65. Following the completion of the sale, the chief executive officer now owns 1,203,893 shares in the company, valued at $100,585,260.15. This represents a 9.70% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 623,290 shares of company stock valued at $53,188,746. Corporate insiders own 0.54% of the company's stock.

About Johnson Controls International

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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