Katamaran Capital LLP Purchases New Stake in Johnson Controls International plc (NYSE:JCI)

Katamaran Capital LLP acquired a new position in shares of Johnson Controls International plc (NYSE:JCI) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 22,356 shares of the company’s stock, valued at approximately $1,765,000. Johnson Controls International accounts for 2.2% of Katamaran Capital LLP’s investment portfolio, making the stock its 17th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Park Avenue Securities LLC grew its stake in Johnson Controls International by 101.5% in the 4th quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock valued at $2,093,000 after buying an additional 13,360 shares during the last quarter. Certuity LLC acquired a new position in shares of Johnson Controls International in the fourth quarter valued at approximately $243,000. Y Intercept Hong Kong Ltd increased its stake in shares of Johnson Controls International by 136.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock worth $7,082,000 after purchasing an additional 52,719 shares during the period. Geode Capital Management LLC lifted its holdings in Johnson Controls International by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock worth $1,041,822,000 after purchasing an additional 71,493 shares during the last quarter. Finally, BNC Wealth Management LLC bought a new stake in Johnson Controls International in the 4th quarter valued at $2,093,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on JCI shares. Citigroup lowered their price objective 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. Morgan Stanley raised their price target on shares of Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. boosted their price objective on shares of Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. UBS Group raised shares of 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 report on Monday, February 10th. Finally, Melius downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target for the company. in a research report on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.27.

Johnson Controls International Stock Down 7.0 %

JCI stock opened at $71.84 on Friday. The firm has a 50-day moving average price of $82.63 and a 200-day moving average price of $80.75. Johnson Controls International plc has a 12 month low of $59.83 and a 12 month high of $91.14. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $47.42 billion, a P/E ratio of 27.42, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. As a group, equities research analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be issued a $0.37 dividend. The ex-dividend date is Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a yield of 2.06%. Johnson Controls International’s payout ratio is presently 56.49%.

Insiders Place Their Bets

In other Johnson Controls International news, 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 completion of the transaction, the director now directly owns 1,003,893 shares in the company, valued at approximately $77,791,668.57. This represents a 1.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International 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 in the company, valued at approximately $11,339,568.24. This trade represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 907,286 shares of company stock valued at $77,938,071 in the last 90 days. Corporate insiders own 0.54% of the company’s stock.

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.