Magnetar Financial LLC Acquires Shares of 8,878 Johnson Controls International plc (NYSE:JCI)

Magnetar Financial LLC acquired a new stake in shares of Johnson Controls International plc (NYSE:JCI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,878 shares of the company’s stock, valued at approximately $701,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JCI. Compass Financial Services Inc acquired a new position in Johnson Controls International during the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. acquired a new position in Johnson Controls International during the 4th quarter worth approximately $29,000. Synergy Asset Management LLC acquired a new position in Johnson Controls International during the 4th quarter worth approximately $42,000. ST Germain D J Co. Inc. increased its position in Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after purchasing an additional 134 shares during the period. Finally, Gables Capital Management Inc. increased its position in Johnson Controls International by 132.0% during the 4th quarter. Gables Capital Management Inc. now owns 580 shares of the company’s stock worth $46,000 after purchasing an additional 330 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $82.64 on Friday. Johnson Controls International plc has a one year low of $59.83 and a one year high of $91.14. The stock has a market cap of $54.55 billion, a PE ratio of 31.54, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The business’s fifty day moving average price is $82.70 and its two-hundred day moving average price is $80.04. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. On average, analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Monday, March 24th. Johnson Controls International’s dividend payout ratio is presently 56.49%.

Analysts Set New Price Targets

JCI has been the topic of several recent analyst reports. UBS Group upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $90.00 to $103.00 in a research report on Monday, February 10th. Citigroup dropped their target price on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Barclays lowered their price target on Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating on the stock in a report on Monday, March 10th. JPMorgan Chase & Co. upped their price target on Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Morgan Stanley upped their price target on Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.27.

Insiders Place Their Bets

In other Johnson Controls International news, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total transaction of $108,621.24. Following the transaction, the vice president now owns 148,346 shares of the company’s stock, valued at $11,339,568.24. This represents a 0.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO George Oliver sold 205,168 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $88.03, for a total value of $18,060,939.04. Following the completion of the transaction, the chief executive officer now directly owns 1,260,527 shares in the company, valued at $110,964,191.81. This trade represents a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 905,864 shares of company stock valued at $77,824,710 in the last quarter. 0.54% of the stock is currently owned by company insiders.

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.