Polymer Capital Management US LLC Acquires Shares of 9,400 Johnson Controls International plc (NYSE:JCI)

Polymer Capital Management US LLC purchased a new position in shares of Johnson Controls International plc (NYSE:JCI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,400 shares of the company’s stock, valued at approximately $742,000.

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

Insiders Place Their Bets

In related news, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the completion of the transaction, the vice president now owns 148,346 shares of the company’s stock, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George Oliver sold 15,669 shares of the company’s stock in a transaction dated 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 sale, the director now owns 1,003,893 shares in the company, valued at approximately $77,791,668.57. The trade was a 1.54 % 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.

Analysts Set New Price Targets

JCI has been the subject of a number of recent research reports. Barclays lowered their price target on shares of Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating for the company in a research report on Monday, March 10th. Citigroup lowered their price target on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Melius downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price on the stock. in a research report on Tuesday, January 28th. 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 report on Thursday, February 6th. Finally, Morgan Stanley lifted their target price on Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.27.

Johnson Controls International Trading Down 7.0 %

JCI opened at $71.84 on Monday. Johnson Controls International plc has a twelve month low of $59.83 and a twelve month high of $91.14. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The firm has a market cap of $47.42 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 1.96 and a beta of 1.22. The firm’s fifty day moving average is $82.63 and its two-hundred day moving average is $80.87.

Johnson Controls International (NYSE:JCI) last issued its earnings results 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 net margin of 6.83% and a return on equity of 15.11%. Equities research analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

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

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.