Johnson Controls International plc (NYSE:JCI) Shares Bought by FourThought Financial LLC

FourThought Financial LLC raised its holdings in shares of Johnson Controls International plc (NYSE:JCI – Get Rating) by 85.9% during the third quarter, HoldingsChannel.com reports. The firm owned 3,038 shares of the company’s stock after buying an additional 1,404 shares during the period. FourThought Financial LLC’s holdings in Johnson Controls International were worth $150,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JCI. Fisher Asset Management LLC purchased a new stake in shares of Johnson Controls International during the 3rd quarter valued at $247,482,000. Franklin Resources Inc. increased its position in shares of Johnson Controls International by 27.5% in the 2nd quarter. Franklin Resources Inc. now owns 17,146,311 shares of the company’s stock valued at $820,965,000 after acquiring an additional 3,701,376 shares during the period. Great West Life Assurance Co. Can acquired a new position in shares of Johnson Controls International in the 3rd quarter valued at $153,953,000. Massachusetts Financial Services Co. MA boosted its holdings in Johnson Controls International by 8.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 39,378,387 shares of the company’s stock valued at $1,885,438,000 after purchasing an additional 2,964,780 shares during the last quarter. Finally, Dodge & Cox boosted its holdings in Johnson Controls International by 4.1% in the second quarter. Dodge & Cox now owns 64,777,731 shares of the company’s stock valued at $3,101,558,000 after purchasing an additional 2,523,244 shares during the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Johnson Controls International Stock Down 3.0 %

JCI stock opened at $57.30 on Friday. The stock has a market capitalization of $35.42 billion, a P/E ratio of 31.14, a P/E/G ratio of 1.32 and a beta of 1.23. The firm has a 50-day simple moving average of $65.00 and a 200-day simple moving average of $61.50. The company has a quick ratio of 0.77, a current ratio of 1.02 and a debt-to-equity ratio of 0.45. Johnson Controls International plc has a 52 week low of $45.52 and a 52 week high of $69.60.

Johnson Controls International (NYSE:JCI – Get Rating) last released its earnings results on Wednesday, February 1st. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The business had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $6.25 billion. Johnson Controls International had a net margin of 4.98% and a return on equity of 12.51%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.54 earnings per share. Equities analysts forecast that Johnson Controls International plc will post 3.48 earnings per share for the current fiscal year.

Johnson Controls International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Monday, March 20th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, March 17th. This is a positive change from Johnson Controls International’s previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a yield of 2.51%. Johnson Controls International’s payout ratio is presently 78.26%.

Insider Buying and Selling

In related news, VP Daniel C. Mcconeghy sold 3,068 shares of the business’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $64.43, for a total transaction of $197,671.24. Following the transaction, the vice president now directly owns 5,054 shares in the company, valued at $325,629.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.71% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

JCI has been the topic of several recent research reports. Barclays lowered their price target on shares of Johnson Controls International from $75.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, February 2nd. Citigroup upped their price target on shares of Johnson Controls International from $64.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, December 9th. Morgan Stanley upped their price target on shares of Johnson Controls International from $67.00 to $73.00 and gave the company an “overweight” rating in a report on Friday, January 6th. Bank of America downgraded shares of Johnson Controls International from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $85.00 to $72.00 in a research report on Monday, December 12th. Finally, Mizuho upped their price objective on shares of Johnson Controls International from $72.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, January 13th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Johnson Controls International has an average rating of “Moderate Buy” and an average price target of $70.43.

About Johnson Controls International

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Johnson Controls International Plc engages in the provision of building products, energy solutions, integrated infrastructure and next generation transportation systems. Its technology and service capabilities include fire, security, HVAC, power solutions and energy storage to serve various end markets including large institutions, commercial buildings, retail, industrial, small business and residential.