Fortress Financial Group LLC Purchases New Stake in Johnson Controls International plc (NYSE:JCI)

Fortress Financial Group LLC acquired a new position in Johnson Controls International plc (NYSE:JCI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,621 shares of the company’s stock, valued at approximately $286,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Johnson Controls International by 514.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock valued at $418,439,000 after buying an additional 4,514,792 shares during the period. Fisher Asset Management LLC raised its position in shares of Johnson Controls International by 3.4% during the 3rd quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company’s stock valued at $1,187,084,000 after acquiring an additional 509,293 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in shares of Johnson Controls International by 9,843.4% in the 4th quarter. Proficio Capital Partners LLC now owns 484,542 shares of the company’s stock valued at $38,245,000 after purchasing an additional 479,669 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Johnson Controls International in the 4th quarter worth $32,609,000. Finally, Robeco Schweiz AG bought a new position in Johnson Controls International during the fourth quarter worth about $29,160,000. 90.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on JCI shares. Robert W. Baird increased their target price on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada raised their price objective 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. JPMorgan Chase & Co. increased their price target on Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Oppenheimer lifted their price objective on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Melius Research reissued a “hold” rating and set a $95.00 target price on shares of Johnson Controls International in a research note on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Johnson Controls International currently has an average rating of “Moderate Buy” and an average price target of $91.13.

Insider Activity

In other news, CEO George Oliver sold 124,497 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $82.67, for a total transaction of $10,292,166.99. Following the completion of the sale, the chief executive officer now owns 1,267,716 shares in the company, valued at $104,802,081.72. The trade was a 8.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value 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 have sold 837,963 shares of company stock valued at $72,883,012 over the last ninety days. 0.54% of the stock is currently owned by company insiders.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $84.24 on Friday. The company has a fifty day moving average price of $82.33 and a two-hundred day moving average price of $78.86. Johnson Controls International plc has a one year low of $59.05 and a one year high of $91.14. The stock has a market cap of $55.61 billion, a P/E ratio of 32.15, a P/E/G 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.

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

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were issued a $0.37 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.76%. Johnson Controls International’s dividend payout ratio is currently 56.49%.

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.