Johnson Controls International plc $JCI Shares Acquired by Fisher Asset Management LLC

Key Points

• Fisher Asset Management increased its Johnson Controls stake by 1.6% in the third quarter, adding 167,415 shares to hold about 10.94 million shares, worth roughly $1.63 billion. Institutional investors collectively own 90.05% of the company’s stock.
• Johnson Controls beat quarterly estimates, reporting EPS of $1.66 versus $1.59 expected and revenue of $7.11 billion, up 10.4% year over year.
• Analysts’ consensus rating is Hold, with an average price target of $166.76. The company also pays a quarterly dividend of $0.40 per share, equivalent to a 1.1% yield at the price cited.

Fisher Asset Management LLC increased its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 1.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,936,713 shares of the company's stock after acquiring an additional 167,415 shares during the period. Fisher Asset Management LLC owned approximately 1.81% of Johnson Controls International worth $1,625,742,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Amundi increased its holdings in Johnson Controls International by 157.2% during the 1st quarter. Amundi now owns 5,965,212 shares of the company's stock worth $781,145,000 after purchasing an additional 3,646,047 shares during the period. Hsbc Holdings PLC boosted its stake in shares of Johnson Controls International by 702.5% in the 1st quarter. Hsbc Holdings PLC now owns 1,962,770 shares of the company's stock valued at $256,820,000 after buying an additional 1,718,179 shares during the period. Cullen Capital Management LLC purchased a new position in shares of Johnson Controls International in the 2nd quarter valued at about $244,214,000. First Trust Advisors LP grew its position in shares of Johnson Controls International by 28.3% during the first quarter. First Trust Advisors LP now owns 5,761,677 shares of the company's stock worth $754,492,000 after buying an additional 1,270,849 shares in the last quarter. Finally, State Street Corp grew its position in shares of Johnson Controls International by 2.2% during the second quarter. State Street Corp now owns 28,283,873 shares of the company's stock worth $4,143,674,000 after buying an additional 621,319 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Stock Down 1.4%

Shares of NYSE JCI opened at $142.63 on Friday. The company has a market capitalization of $86.39 billion, a price-to-earnings ratio of 30.48, a price-to-earnings-growth ratio of 1.47 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.90 and a quick ratio of 0.75. The business has a 50-day moving average of $147.38 and a two-hundred day moving average of $142.03. Johnson Controls International plc has a 1 year low of $108.41 and a 1 year high of $160.41.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.07. Johnson Controls International had a return on equity of 23.38% and a net margin of 11.12%. The business had revenue of $7.11 billion during the quarter, compared to analysts' expectations of $7.04 billion. During the same period in the prior year, the firm posted $1.26 EPS. The business's quarterly revenue was up 10.4% compared to the same quarter last year. On average, analysts forecast that Johnson Controls International plc will post 6.29 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, September 21st were paid a dividend of $0.40 per share. The ex-dividend date was Monday, September 21st. This represents a $1.60 annualized dividend and a yield of 1.1%. Johnson Controls International's payout ratio is presently 34.19%.

Insiders Place Their Bets

In related news, Director Juergen Tinggren sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $159.19, for a total value of $636,760.00. Following the completion of the transaction, the director directly owned 27,236 shares of the company's stock, valued at $4,335,698.84. This represents a 12.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.29% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on JCI shares. Argus set a $175.00 target price on shares of Johnson Controls International in a research note on Friday, August 7th. Weiss Ratings downgraded shares of Johnson Controls International from a "buy (a)" rating to a "buy (a-)" rating in a research note on Monday. Morgan Stanley boosted their price target on shares of Johnson Controls International from $175.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, September 2nd. Wall Street Zen cut shares of Johnson Controls International from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Royal Bank Of Canada increased their price objective on shares of Johnson Controls International from $161.00 to $165.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $166.76.

About Johnson Controls International

Johnson Controls International plc develops building technologies, products and services for commercial, industrial and institutional customers. Its offerings include heating, ventilation and air conditioning (HVAC) equipment, building automation and controls, fire detection and suppression systems, and security solutions. The company also provides maintenance, modernization and other services to help customers manage building operations. Its products and services support facilities such as offices, hospitals, schools, data centers and manufacturing sites.

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