Tidal Investments LLC Purchases 259,842 Shares of Johnson Controls International plc (NYSE:JCI)

Tidal Investments LLC increased its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 455.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 316,847 shares of the company's stock after acquiring an additional 259,842 shares during the quarter. Tidal Investments LLC's holdings in Johnson Controls International were worth $25,009,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Gilbert & Cook Inc. boosted its holdings in shares of Johnson Controls International by 2.0% during the 4th quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company's stock valued at $510,000 after purchasing an additional 127 shares during the last quarter. Jackson Hole Capital Partners LLC lifted its position in shares of Johnson Controls International by 0.7% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company's stock worth $1,470,000 after buying an additional 127 shares in the last quarter. Brooklyn Investment Group boosted its stake in Johnson Controls International by 3.1% during the fourth quarter. Brooklyn Investment Group now owns 4,444 shares of the company's stock valued at $351,000 after buying an additional 135 shares during the last quarter. Trust Co. of Vermont grew its holdings in Johnson Controls International by 10.4% during the 4th quarter. Trust Co. of Vermont now owns 1,488 shares of the company's stock valued at $117,000 after buying an additional 140 shares in the last quarter. Finally, Catalyst Financial Partners LLC grew its holdings in Johnson Controls International by 4.8% during the 4th quarter. Catalyst Financial Partners LLC now owns 3,154 shares of the company's stock valued at $249,000 after buying an additional 144 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Trading Down 0.1%

Shares of NYSE:JCI traded down $0.11 during trading hours on Friday, hitting $97.82. 974,162 shares of the company's stock traded hands, compared to its average volume of 4,281,140. The firm has a market capitalization of $64.37 billion, a P/E ratio of 37.32, a price-to-earnings-growth ratio of 1.96 and a beta of 1.28. The business has a fifty day moving average price of $83.77 and a 200-day moving average price of $82.85. Johnson Controls International plc has a 1 year low of $64.31 and a 1 year high of $98.53. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The firm had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same period last year, the company earned $0.78 EPS. Johnson Controls International's quarterly revenue was up 1.4% compared to the same quarter last year. Equities analysts expect that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were given a dividend of $0.37 per share. The ex-dividend date was Monday, March 24th. This represents a $1.48 annualized dividend and a dividend yield of 1.51%. Johnson Controls International's dividend payout ratio (DPR) is 39.47%.

Analyst Upgrades and Downgrades

JCI has been the topic of several recent research reports. Barclays upped their price objective on Johnson Controls International from $85.00 to $90.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Melius Research reiterated a "hold" rating and set a $95.00 price objective on shares of Johnson Controls International in a research report on Tuesday, January 28th. Morgan Stanley lifted their price objective on shares of Johnson Controls International from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Melius downgraded shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 target price on the stock. in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. increased their price target on shares of Johnson Controls International from $81.00 to $98.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $96.12.

Insider Activity

In related news, CEO George Oliver sold 129,263 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $83.55, for a total value of $10,799,923.65. Following the transaction, the chief executive officer now owns 1,203,893 shares of the company's stock, valued at $100,585,260.15. This trade represents a 9.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of Johnson Controls International stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $86.91, for a total transaction of $123,586.02. Following the sale, the vice president now owns 144,704 shares of the company's stock, valued at $12,576,224.64. The trade was a 0.97% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 460,396 shares of company stock valued at $38,645,569. 0.54% of the stock is currently owned by company insiders.

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.