Graham Capital Management L.P. Takes Position in Johnson Controls International plc (NYSE:JCI)

Graham Capital Management L.P. acquired a new position in shares of Johnson Controls International plc (NYSE:JCI) in the fourth quarter, Holdings Channel reports. The firm acquired 49,764 shares of the company’s stock, valued at approximately $3,928,000.

Other institutional investors also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. lifted its holdings in shares of Johnson Controls International by 2.0% during the 4th quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company’s stock valued at $510,000 after purchasing an additional 127 shares during the last quarter. Jackson Hole Capital Partners LLC raised its stake in Johnson Controls International by 0.7% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company’s stock valued at $1,470,000 after buying an additional 127 shares during the last quarter. Graypoint LLC boosted its holdings in Johnson Controls International by 4.1% in the fourth quarter. Graypoint LLC now owns 3,277 shares of the company’s stock worth $259,000 after acquiring an additional 130 shares in the last quarter. ST Germain D J Co. Inc. grew its stake in shares of Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after acquiring an additional 134 shares during the last quarter. Finally, Brooklyn Investment Group increased its holdings in shares of Johnson Controls International by 3.1% during the fourth quarter. Brooklyn Investment Group now owns 4,444 shares of the company’s stock valued at $351,000 after acquiring an additional 135 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

JCI opened at $91.96 on Friday. The firm has a fifty day moving average price of $80.63 and a 200 day moving average price of $81.60. Johnson Controls International plc has a 1 year low of $64.31 and a 1 year high of $92.41. The stock has a market cap of $60.71 billion, a P/E ratio of 35.10, a P/E/G ratio of 1.96 and a beta of 1.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. The business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the prior year, the firm posted $0.78 earnings per share. The company’s revenue was up 1.4% compared to the same quarter last year. Equities research analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.61%. The ex-dividend date was Monday, March 24th. Johnson Controls International’s payout ratio is currently 56.49%.

Insider Activity

In related news, CEO George Oliver sold 205,168 shares of Johnson Controls International stock in a transaction on Monday, February 10th. The shares were sold at an average price of $89.07, for a total value of $18,274,313.76. Following the sale, the chief executive officer now owns 1,260,527 shares of the company’s stock, valued at approximately $112,275,139.89. This trade represents a 14.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Marc Vandiepenbeeck sold 28,289 shares of the company’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $90.92, for a total transaction of $2,572,035.88. Following the transaction, the chief financial officer now owns 147,673 shares of the company’s stock, valued at $13,426,429.16. This represents a 16.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 728,458 shares of company stock worth $62,293,059 over the last three months. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on JCI shares. Oppenheimer lifted their target price on shares of Johnson Controls International from $90.00 to $96.00 and gave the stock an “outperform” rating in a research note on Thursday. Morgan Stanley boosted their price objective on shares of Johnson Controls International from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Friday. UBS Group upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and raised their target price for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. JPMorgan Chase & Co. dropped their price target on Johnson Controls International from $100.00 to $81.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Finally, Melius Research restated a “hold” rating and issued a $95.00 price objective on shares of Johnson Controls International in a research note on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $92.94.

Johnson Controls International 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.