Fisher Asset Management LLC Buys 167,415 Shares of Johnson Controls International plc $JCI

Fisher Asset Management LLC boosted its stake in Johnson Controls International plc (NYSE:JCI) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,936,713 shares of the company’s stock after acquiring an additional 167,415 shares during the period. Fisher Asset Management LLC’s holdings in Johnson Controls International were worth $1,625,742,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. State Street Corp grew its holdings 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 purchasing an additional 621,319 shares during the last quarter. Amundi increased its position in shares of Johnson Controls International by 157.2% during the first 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 in the last quarter. First Trust Advisors LP increased 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 purchasing an additional 1,270,849 shares in the last quarter. Pictet Asset Management Holding SA increased its position in shares of Johnson Controls International by 0.9% during the second quarter. Pictet Asset Management Holding SA now owns 2,331,718 shares of the company’s stock worth $340,501,000 after purchasing an additional 20,780 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings 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 purchasing an additional 1,718,179 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Evercore set a $170.00 target price on Johnson Controls International in a research report on Wednesday, October 28th. Zacks Research lowered Johnson Controls International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Weiss Ratings lowered Johnson Controls International from a “buy (a)” rating to a “buy (a-)” rating in a research report on Monday. Mizuho boosted their price objective on Johnson Controls International from $150.00 to $165.00 and gave the company a “neutral” rating in a research note on Thursday, October 15th. Finally, JPMorgan Chase & Co. initiated coverage on Johnson Controls International in a report on Wednesday. They issued a “neutral” rating and a $160.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $166.76.

Johnson Controls International Trading Down 1.4%

Shares of Johnson Controls International stock opened at $142.63 on Friday. Johnson Controls International plc has a 1 year low of $108.41 and a 1 year high of $160.41. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.75 and a current ratio of 0.90. The company has a market capitalization of $86.39 billion, a P/E ratio of 30.48, a PEG ratio of 1.47 and a beta of 1.27. The company’s fifty day moving average is $147.38 and its two-hundred day moving average is $142.03.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Tuesday, October 27th. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.07. Johnson Controls International had a net margin of 11.12% and a return on equity of 23.38%. The company had revenue of $7.11 billion for the quarter, compared to analyst estimates of $7.04 billion. During the same period in the previous year, the business posted $1.26 earnings per share. Johnson Controls International’s quarterly revenue was up 10.4% on a year-over-year basis. Analysts forecast that Johnson Controls International plc will post 6.29 earnings per share for the current year.

Johnson Controls International Announces Dividend

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

Insider Buying and Selling

In other Johnson Controls International 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 transaction of $636,760.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is currently owned by corporate insiders.

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.