Johnson Controls International plc (NYSE:JCI) Shares Purchased by Fortitude Family Office LLC

Fortitude Family Office LLC raised its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 195.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 420 shares of the company’s stock after purchasing an additional 278 shares during the quarter. Fortitude Family Office LLC’s holdings in Johnson Controls International were worth $33,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of JCI. M&G Plc acquired a new position in shares of Johnson Controls International in the 1st quarter worth approximately $120,948,000. Cetera Investment Advisers raised its stake in Johnson Controls International by 470.9% during the 1st quarter. Cetera Investment Advisers now owns 157,980 shares of the company’s stock valued at $10,319,000 after acquiring an additional 130,308 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Johnson Controls International by 3.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 398,174 shares of the company’s stock worth $26,009,000 after buying an additional 13,373 shares in the last quarter. Epoch Investment Partners Inc. grew its holdings in shares of Johnson Controls International by 0.9% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,129,418 shares of the company’s stock worth $73,774,000 after acquiring an additional 10,146 shares during the last quarter. Finally, Norden Group LLC acquired a new position in shares of Johnson Controls International in the 1st quarter worth $864,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insiders Place Their Bets

In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the sale, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the completion of the sale, the chief operating officer now owns 140,488 shares of the company’s stock, valued at $10,828,815.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the sale, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 226,327 shares of company stock valued at $16,916,720 over the last quarter. Insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Performance

Shares of NYSE JCI opened at $76.32 on Thursday. The business’s 50-day moving average price is $74.35 and its two-hundred day moving average price is $70.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73. Johnson Controls International plc has a one year low of $48.53 and a one year high of $78.23. The company has a market capitalization of $50.98 billion, a P/E ratio of 31.93, a price-to-earnings-growth ratio of 2.20 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The firm had revenue of $7.23 billion for the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. Analysts anticipate that Johnson Controls International plc will post 3.68 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were given a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.94%. Johnson Controls International’s dividend payout ratio is currently 61.92%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on JCI. The Goldman Sachs Group lifted their target price on Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Barclays lifted their target price on Johnson Controls International from $62.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Bank of America lifted their price target on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. Wells Fargo & Company lifted their price target on Johnson Controls International from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Finally, Oppenheimer lifted their price target on Johnson Controls International from $79.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $73.43.

Johnson Controls International Company Profile

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.