Forum Financial Management LP Grows Stock Position in Johnson Controls International plc (NYSE:JCI)

Forum Financial Management LP increased its stake in shares of Johnson Controls International plc (NYSE:JCI) by 9.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,489 shares of the company’s stock after purchasing an additional 832 shares during the quarter. Forum Financial Management LP’s holdings in Johnson Controls International were worth $547,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of JCI. Qube Research & Technologies Ltd boosted its holdings in Johnson Controls International by 178.1% in the third quarter. Qube Research & Technologies Ltd now owns 2,287,801 shares of the company’s stock valued at $121,734,000 after purchasing an additional 1,465,136 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Johnson Controls International by 20.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,103,672 shares of the company’s stock valued at $294,179,000 after acquiring an additional 853,783 shares in the last quarter. AQR Capital Management LLC boosted its stake in Johnson Controls International by 189.5% in the third quarter. AQR Capital Management LLC now owns 991,249 shares of the company’s stock valued at $52,744,000 after acquiring an additional 648,790 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Johnson Controls International by 35.0% in the third quarter. Ameriprise Financial Inc. now owns 2,387,899 shares of the company’s stock valued at $126,944,000 after acquiring an additional 618,920 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Johnson Controls International by 4.8% in the fourth quarter. Fisher Asset Management LLC now owns 13,528,240 shares of the company’s stock valued at $779,768,000 after acquiring an additional 618,120 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Stock Up 0.7 %

JCI stock traded up $0.47 during trading on Monday, reaching $66.06. The stock had a trading volume of 5,025,953 shares, compared to its average volume of 5,653,459. Johnson Controls International plc has a 1-year low of $47.90 and a 1-year high of $70.43. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $44.50 billion, a P/E ratio of 26.82, a PEG ratio of 1.69 and a beta of 1.23. The firm has a fifty day moving average price of $63.86 and a 200 day moving average price of $57.87.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. Johnson Controls International had a net margin of 6.32% and a return on equity of 13.21%. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.51 billion. During the same quarter in the previous year, the business posted $0.75 EPS. The firm’s revenue was down 6.1% compared to the same quarter last year. On average, equities analysts anticipate that Johnson Controls International plc will post 3.59 earnings per share for the current year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Monday, March 25th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.24%. Johnson Controls International’s dividend payout ratio (DPR) is presently 59.92%.

Insider Activity

In other news, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $62.86, for a total value of $188,580.00. Following the sale, the chief operating officer now owns 106,891 shares in the company, valued at approximately $6,719,168.26. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Juergen Tinggren sold 4,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $62.31, for a total transaction of $249,240.00. Following the completion of the sale, the director now owns 30,120 shares of the company’s stock, valued at approximately $1,876,777.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $62.86, for a total transaction of $188,580.00. Following the sale, the chief operating officer now directly owns 106,891 shares of the company’s stock, valued at approximately $6,719,168.26. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,272 shares of company stock worth $1,108,229. 0.69% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on JCI shares. StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Barclays lowered their price target on shares of Johnson Controls International from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. Wells Fargo & Company increased their price target on shares of Johnson Controls International from $64.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Oppenheimer decreased their target price on shares of Johnson Controls International from $71.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Finally, HSBC cut shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $60.00 price objective for the company. in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $63.00.

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.