AQR Capital Management LLC Has $18.94 Million Stake in Johnson Controls International plc (NYSE:JCI)

AQR Capital Management LLC raised its position in shares of Johnson Controls International plc (NYSE:JCI) by 49.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 239,971 shares of the company’s stock after purchasing an additional 79,083 shares during the quarter. AQR Capital Management LLC’s holdings in Johnson Controls International were worth $18,941,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Johnson Controls International from $100.00 to $81.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada increased their price objective on Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Melius Research restated a “hold” rating and issued a $95.00 target price on shares of Johnson Controls International in a research note on Tuesday, January 28th. Wells Fargo & Company raised their price target on Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Morgan Stanley boosted their price target on Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.07.

Insider Activity

In related news, VP Nathan D. Manning sold 1,422 shares of the company’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $86.91, for a total value of $123,586.02. Following the completion of the transaction, the vice president now directly owns 144,704 shares in the company, valued at approximately $12,576,224.64. This represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO George Oliver sold 205,168 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $88.03, for a total value of $18,060,939.04. Following the completion of the transaction, the chief executive officer now directly owns 1,260,527 shares of the company’s stock, valued at approximately $110,964,191.81. This trade represents a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 907,287 shares of company stock valued at $77,953,036. Insiders own 0.54% of the company’s stock.

Johnson Controls International Trading Up 2.1 %

Johnson Controls International stock opened at $89.06 on Monday. Johnson Controls International plc has a 52 week low of $62.10 and a 52 week 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 capitalization of $58.79 billion, a PE ratio of 33.99, a PEG ratio of 1.96 and a beta of 1.22. The business’s 50-day simple moving average is $79.97 and its 200-day simple moving average is $81.17.

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

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a $1.48 annualized dividend and a dividend yield of 1.66%. Johnson Controls International’s payout ratio 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.