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

Fisher Asset Management LLC lifted its stake in Johnson Controls International plc (NYSE:JCI) by 3.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,295,506 shares of the company’s stock after buying an additional 509,293 shares during the quarter. Fisher Asset Management LLC’s holdings in Johnson Controls International were worth $1,187,084,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Industrial Alliance Investment Management Inc. increased its holdings in Johnson Controls International by 4.4% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 5,500 shares of the company’s stock worth $359,000 after acquiring an additional 231 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of 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 purchasing an additional 438 shares during the period. California State Teachers Retirement System increased its stake in shares of 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 purchasing an additional 16,707 shares in the last quarter. Zimmer Partners LP bought a new stake in shares of Johnson Controls International during the 1st quarter valued at $7,900,000. Finally, LRI Investments LLC bought a new stake in shares of Johnson Controls International during the 1st quarter valued at $165,000. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

Johnson Controls International 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. Johnson Controls International plc has a twelve month low of $51.70 and a twelve month high of $87.16. The company’s 50-day moving average price is $78.13 and its 200-day moving average price is $72.49. The company has a market cap of $55.26 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 2.33 and a beta of 1.29.

Johnson Controls International Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on JCI shares. Wells Fargo & Company upped their target price on shares of Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. UBS Group began coverage on Johnson Controls International in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price objective for the company. Morgan Stanley initiated coverage on Johnson Controls International in a research note on Friday, September 6th. They set an “overweight” rating and a $85.00 target price on the stock. Royal Bank of Canada upped their price target on 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, Bank of America increased their price objective on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. Twelve research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $77.21.

Insider Transactions at Johnson Controls International

In related news, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $90,383,385.17. This trade represents a 8.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total transaction of $231,240.00. Following the transaction, the chief operating officer now directly owns 140,488 shares of the company’s stock, valued at $10,828,815.04. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 561,095 shares of company stock worth $44,820,037. 0.69% of the stock is currently owned by company insiders.

About Johnson Controls International

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.