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

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

Other institutional investors have also modified their holdings of the company. Compass Financial Services Inc acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at $29,000. Synergy Asset Management LLC acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at $42,000. ST Germain D J Co. Inc. grew its stake in shares of Johnson Controls International by 32.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after buying an additional 134 shares in the last quarter. Finally, Gables Capital Management Inc. grew its stake in shares of Johnson Controls International by 132.0% in the fourth quarter. Gables Capital Management Inc. now owns 580 shares of the company’s stock valued at $46,000 after buying an additional 330 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Stock Down 0.6 %

Shares of NYSE JCI opened at $82.64 on Friday. The company has a market capitalization of $54.55 billion, a price-to-earnings ratio of 31.54, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The business has a 50-day moving average of $82.70 and a two-hundred day moving average of $80.04. Johnson Controls International plc has a 1 year low of $59.83 and a 1 year high of $91.14.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate 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 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Monday, March 24th. Johnson Controls International’s payout ratio is currently 56.49%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on JCI. Citigroup dropped their price objective on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Wells Fargo & Company boosted their target price on Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Friday, December 20th. Royal Bank of Canada boosted their target price on Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. boosted their target price on Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Johnson Controls International presently has an average rating of “Moderate Buy” and an average price target of $91.27.

Insider Activity

In other news, VP Nathan D. Manning sold 1,421 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the sale, the vice president now directly owns 148,346 shares of the company’s stock, valued at approximately $11,339,568.24. The trade was a 0.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director George Oliver sold 15,669 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $77.49, for a total value of $1,214,190.81. Following the sale, the director now directly owns 1,003,893 shares of the company’s stock, valued at approximately $77,791,668.57. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 905,864 shares of company stock valued at $77,824,710. Insiders own 0.54% of the company’s stock.

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.