Rafferty Asset Management LLC Has $4.93 Million Stake in Johnson Controls International plc (NYSE:JCI)

Rafferty Asset Management LLC boosted its position in Johnson Controls International plc (NYSE:JCI) by 11.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 62,400 shares of the company’s stock after purchasing an additional 6,386 shares during the period. Rafferty Asset Management LLC’s holdings in Johnson Controls International were worth $4,925,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of JCI. Barclays PLC lifted its holdings in Johnson Controls International by 6.7% in the third quarter. Barclays PLC now owns 1,685,322 shares of the company’s stock valued at $130,797,000 after buying an additional 105,194 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in Johnson Controls International by 79.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 5,729 shares of the company’s stock valued at $452,000 after buying an additional 2,533 shares during the period. Ritholtz Wealth Management lifted its holdings in Johnson Controls International by 4.5% in the fourth quarter. Ritholtz Wealth Management now owns 3,775 shares of the company’s stock valued at $298,000 after buying an additional 161 shares during the period. Procyon Advisors LLC lifted its holdings in Johnson Controls International by 13.8% in the fourth quarter. Procyon Advisors LLC now owns 3,439 shares of the company’s stock valued at $271,000 after buying an additional 416 shares during the period. Finally, Merit Financial Group LLC lifted its holdings in Johnson Controls International by 395.0% in the fourth quarter. Merit Financial Group LLC now owns 12,963 shares of the company’s stock valued at $1,023,000 after buying an additional 10,344 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, Director George Oliver sold 100,000 shares of the company’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $91.70, for a total value of $9,170,000.00. Following the completion of the sale, the director now directly owns 904,305 shares of the company’s stock, valued at approximately $82,924,768.50. This represents a 9.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total transaction of $113,361.84. Following the completion of the sale, the vice president now directly owns 145,502 shares of the company’s stock, valued at $11,599,419.44. The trade was a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 460,396 shares of company stock valued at $38,645,569 over the last three months. Corporate insiders own 0.54% of the company’s stock.

Johnson Controls International Trading Up 1.1%

NYSE:JCI opened at $97.89 on Monday. 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 firm has a 50-day moving average of $82.31 and a 200-day moving average of $82.33. The company has a market cap of $64.42 billion, a PE ratio of 37.36, a PEG ratio of 1.96 and a beta of 1.28. Johnson Controls International plc has a one year low of $64.31 and a one year high of $97.95.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.77 by $0.05. The company had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.64 billion. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 earnings per share. As a group, equities research analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Monday, March 24th. Johnson Controls International’s payout ratio is presently 39.47%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Johnson Controls International from $81.00 to $98.00 and gave the company an “overweight” rating in a report on Friday. Citigroup decreased their price target on shares of Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Vertical Research raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and lifted their price target for the company from $101.00 to $112.00 in a research note on Monday, May 12th. Finally, Melius Research reaffirmed a “hold” rating and issued a $95.00 price target on shares of Johnson Controls International in a research note on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.35.

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.