Katamaran Capital LLP Takes Position in Johnson Controls International plc (NYSE:JCI)

Katamaran Capital LLP acquired a new position in Johnson Controls International plc (NYSE:JCI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 22,356 shares of the company’s stock, valued at approximately $1,765,000. Johnson Controls International comprises approximately 2.2% of Katamaran Capital LLP’s investment portfolio, making the stock its 17th largest position.

Several other large investors have also recently bought and sold shares of JCI. Compass Financial Services Inc bought a new position in shares of Johnson Controls International in the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. acquired a new position in Johnson Controls International in the fourth quarter valued at approximately $29,000. Crowley Wealth Management Inc. bought a new position in Johnson Controls International in the fourth quarter valued at approximately $42,000. Synergy Asset Management LLC acquired a new stake in Johnson Controls International during the 4th quarter worth $42,000. Finally, ST Germain D J Co. Inc. raised its position in shares of Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after acquiring an additional 134 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Buying and Selling at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total value of $113,361.84. Following the completion of the sale, the vice president now owns 145,502 shares of the company’s stock, valued at approximately $11,599,419.44. This represents a 0.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the firm’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the completion of the transaction, the vice president now directly owns 24,803 shares of the company’s stock, valued at $2,175,967.19. This represents a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 907,286 shares of company stock worth $77,938,071 over the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Royal Bank of Canada lifted 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. Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research report on Friday, December 20th. Wells Fargo & Company upped their price target on Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. upped their target price on shares of Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Johnson Controls International presently has an average rating of “Moderate Buy” and an average price target of $91.27.

Johnson Controls International Trading Down 7.0 %

NYSE:JCI opened at $71.84 on Friday. The company has a market cap 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 plc has a twelve month low of $59.83 and a twelve month high of $91.14. The business has a 50 day moving average price of $82.63 and a two-hundred day moving average price of $80.75. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping 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, analysts expect that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be given a dividend of $0.37 per share. The ex-dividend date is Monday, March 24th. This represents a $1.48 annualized dividend and a yield of 2.06%. Johnson Controls International’s dividend payout ratio (DPR) is presently 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.