Tidal Investments LLC Grows Stake in Johnson Controls International plc (NYSE:JCI)

Tidal Investments LLC increased its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 455.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 316,847 shares of the company’s stock after acquiring an additional 259,842 shares during the quarter. Tidal Investments LLC’s holdings in Johnson Controls International were worth $25,009,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Park Avenue Securities LLC boosted its position in Johnson Controls International by 101.5% during the fourth quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock worth $2,093,000 after acquiring an additional 13,360 shares during the last quarter. Certuity LLC acquired a new position in Johnson Controls International during the fourth quarter worth about $243,000. BNC Wealth Management LLC acquired a new position in Johnson Controls International during the fourth quarter worth about $2,093,000. Seros Financial LLC acquired a new position in Johnson Controls International during the fourth quarter worth about $561,000. Finally, Harrell Investment Partners LLC boosted its position in Johnson Controls International by 10.3% during the fourth quarter. Harrell Investment Partners LLC now owns 46,107 shares of the company’s stock worth $3,639,000 after acquiring an additional 4,301 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Johnson Controls International

In other news, Director George Oliver sold 100,000 shares of the company’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $91.70, for a total value of $9,170,000.00. Following the completion of the transaction, the director now owns 904,305 shares in the company, valued at approximately $82,924,768.50. This represents a 9.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Nathan D. Manning sold 1,422 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $79.72, for a total transaction of $113,361.84. Following the completion of the transaction, the vice president now owns 145,502 shares of the company’s stock, valued at approximately $11,599,419.44. The trade was a 0.97% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 460,396 shares of company stock valued at $38,645,569. Insiders own 0.54% of the company’s stock.

Johnson Controls International Trading Up 1.1%

Shares of NYSE:JCI opened at $97.89 on Friday. Johnson Controls International plc has a 52 week low of $64.31 and a 52 week high of $97.95. The company’s 50 day moving average is $82.31 and its two-hundred day moving average is $82.28. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The company has a market cap of $64.42 billion, a PE ratio of 37.36, a P/E/G ratio of 1.96 and a beta of 1.28.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same period in the prior year, the firm posted $0.78 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. Equities analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Monday, March 24th. Johnson Controls International’s dividend payout ratio is presently 39.47%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on JCI. UBS Group upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $90.00 to $103.00 in a research report on Monday, February 10th. Oppenheimer boosted their target price on shares of Johnson Controls International from $90.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Royal Bank of Canada boosted their target price on shares of Johnson Controls International from $82.00 to $98.00 and gave the company a “sector perform” rating in a report on Thursday, May 8th. Melius Research reiterated a “hold” rating and issued a $95.00 target price on shares of Johnson Controls International in a report on Tuesday, January 28th. Finally, Robert W. Baird boosted their target price on shares of Johnson Controls International from $84.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Johnson Controls International presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.35.

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.