Fisher Asset Management LLC Acquires 509,293 Shares of Johnson Controls International plc (NYSE:JCI)

Fisher Asset Management LLC lifted its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,295,506 shares of the company’s stock after acquiring an additional 509,293 shares during the quarter. Fisher Asset Management LLC owned approximately 2.29% of Johnson Controls International worth $1,187,084,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JCI. Industrial Alliance Investment Management Inc. boosted its stake in shares of Johnson Controls International by 4.4% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 5,500 shares of the company’s stock valued at $359,000 after purchasing an additional 231 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in Johnson Controls International by 3.2% in the first quarter. B. Riley Wealth Advisors Inc. now owns 14,210 shares of the company’s stock worth $928,000 after buying an additional 438 shares during the period. California State Teachers Retirement System lifted its holdings in Johnson Controls International by 1.5% in the first quarter. California State Teachers Retirement System now owns 1,139,586 shares of the company’s stock worth $74,438,000 after buying an additional 16,707 shares during the period. Zimmer Partners LP bought a new stake in Johnson Controls International during the 1st quarter valued at approximately $7,900,000. Finally, LRI Investments LLC purchased a new position in shares of Johnson Controls International during the 1st quarter worth approximately $165,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $83.45 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average price of $78.13 and a 200-day moving average price of $72.49. Johnson Controls International plc has a 52 week low of $51.70 and a 52 week high of $87.16. The firm has a market capitalization of $55.26 billion, a PE ratio of 32.85, a P/E/G ratio of 2.33 and a beta of 1.29.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a yield of 1.77%. Johnson Controls International’s dividend payout ratio is presently 58.27%.

Analysts Set New Price Targets

A number of research analysts have recently commented on JCI shares. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Barclays raised their price objective on Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Robert W. Baird upped their target price on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Royal Bank of Canada increased their price target on shares of Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Finally, UBS Group initiated coverage on shares of Johnson Controls International in a research note on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price objective on the stock. Twelve analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Johnson Controls International presently has an average rating of “Hold” and a consensus target price of $77.21.

Insider Activity

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the sale, the chief operating officer now directly owns 143,488 shares in the company, valued at $10,438,752. The trade was a 0.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO George Oliver sold 224,152 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the sale, the chief executive officer now directly owns 1,166,992 shares of the company’s stock, valued at $96,533,578.24. The trade was a 16.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 561,095 shares of company stock valued at $44,820,037 in the last ninety days. 0.69% 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.