Perbak Capital Partners LLP Acquires Shares of 11,371 Johnson Controls International plc (NYSE:JCI)

Perbak Capital Partners LLP acquired a new stake in Johnson Controls International plc (NYSE:JCI) during the fourth quarter, HoldingsChannel reports. The fund acquired 11,371 shares of the company’s stock, valued at approximately $898,000.

Several other hedge funds have also added to or reduced their stakes in the business. Compass Financial Services Inc bought a new position in Johnson Controls International during the fourth quarter worth about $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Johnson Controls International in the 4th quarter valued at about $29,000. Synergy Asset Management LLC acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at about $42,000. Crowley Wealth Management Inc. acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at about $42,000. Finally, ST Germain D J Co. Inc. increased its position in shares of Johnson Controls International by 32.8% in the fourth 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.

Wall Street Analyst Weigh In

JCI has been the topic of a number of recent analyst reports. Citigroup lowered their price target on Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Barclays dropped their price objective on 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. Wells Fargo & Company boosted their price target on Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Morgan Stanley boosted their price target on Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, 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. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Johnson Controls International presently has an average rating of “Moderate Buy” and a consensus target price of $90.07.

Insider Activity

In other Johnson Controls International news, VP Nathan D. Manning sold 1,421 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the sale, the vice president now directly owns 148,346 shares in the company, 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 SEC, which is available at this link. Also, CEO George Oliver sold 205,168 shares of Johnson Controls International stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $88.03, for a total value of $18,060,939.04. Following the sale, the chief executive officer now directly owns 1,260,527 shares in the company, valued at approximately $110,964,191.81. The trade was a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 907,286 shares of company stock valued at $77,938,071. Corporate insiders own 0.54% of the company’s stock.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $81.16 on Tuesday. The company has a 50 day moving average of $79.96 and a 200 day moving average of $80.93. The stock has a market cap of $53.57 billion, a P/E ratio of 30.98, a P/E/G ratio of 1.96 and a beta of 1.22. Johnson Controls International plc has a 12 month low of $59.83 and a 12 month high of $91.14. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping 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%. As a group, sell-side analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were paid a $0.37 dividend. The ex-dividend date was Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.82%. Johnson Controls International’s dividend payout ratio (DPR) is 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.