Worldquant Millennium Advisors LLC increased its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 51.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 490,376 shares of the company's stock after buying an additional 167,412 shares during the period. Worldquant Millennium Advisors LLC owned about 0.07% of Johnson Controls International worth $38,705,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC lifted its stake in Johnson Controls International by 6.7% in the third quarter. Barclays PLC now owns 1,685,322 shares of the company's stock valued at $130,797,000 after purchasing an additional 105,194 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Johnson Controls International by 79.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 5,729 shares of the company's stock valued at $452,000 after buying an additional 2,533 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of Johnson Controls International by 4.5% during the 4th quarter. Ritholtz Wealth Management now owns 3,775 shares of the company's stock worth $298,000 after acquiring an additional 161 shares during the period. Merit Financial Group LLC grew its stake in shares of Johnson Controls International by 395.0% during the 4th quarter. Merit Financial Group LLC now owns 12,963 shares of the company's stock worth $1,023,000 after acquiring an additional 10,344 shares during the period. Finally, Aaron Wealth Advisors LLC increased its holdings in Johnson Controls International by 61.2% in the 4th quarter. Aaron Wealth Advisors LLC now owns 4,389 shares of the company's stock worth $346,000 after acquiring an additional 1,667 shares during the last quarter. Institutional investors own 90.05% of the company's stock.
Johnson Controls International Price Performance
JCI traded up $0.11 during trading on Monday, reaching $98.04. The stock had a trading volume of 3,224,529 shares, compared to its average volume of 4,281,509. The business has a 50-day moving average of $84.10 and a 200-day moving average of $83.03. Johnson Controls International plc has a one year low of $64.31 and a one year high of $98.53. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The stock has a market cap of $64.51 billion, a PE ratio of 37.42, a PEG ratio of 1.96 and a beta of 1.28.
Johnson Controls International (NYSE:JCI - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.82 earnings per share 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 company had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the previous year, the company posted $0.78 EPS. Johnson Controls International's quarterly revenue was up 1.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.
Johnson Controls International Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 24th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Monday, March 24th. Johnson Controls International's dividend payout ratio is currently 39.47%.
Insider Buying and Selling
In related news, CFO Marc Vandiepenbeeck sold 28,289 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $90.92, for a total transaction of $2,572,035.88. Following the completion of the sale, the chief financial officer now directly owns 147,673 shares in the company, valued at $13,426,429.16. This represents a 16.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director George Oliver sold 15,669 shares of Johnson Controls International stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $77.49, for a total value of $1,214,190.81. Following the completion of the transaction, the director now directly owns 1,003,893 shares in the company, valued at $77,791,668.57. This trade represents a 1.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 460,396 shares of company stock worth $38,645,569 in the last 90 days. 0.54% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several equities research analysts have commented on JCI shares. Morgan Stanley upped their price objective on shares of Johnson Controls International from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Citigroup lowered their price target on shares of Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Melius Research reaffirmed a "hold" rating and issued a $95.00 price objective on shares of Johnson Controls International in a report on Tuesday, January 28th. Wells Fargo & Company lifted 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 note on Thursday, May 8th. Finally, UBS Group reissued a "buy" rating and set a $116.00 target price (up previously from $103.00) on shares of Johnson Controls International in a report on Thursday. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $96.12.
Get Our Latest Stock Report on Johnson Controls International
Johnson Controls International Profile
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Free Report)
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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