TD Private Client Wealth LLC reduced its stake in shares of Johnson Controls International plc (NYSE:JCI – Free Report) by 30.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 12,404 shares of the company’s stock after selling 5,513 shares during the quarter. TD Private Client Wealth LLC’s holdings in Johnson Controls International were worth $1,364,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in Johnson Controls International in the fourth quarter valued at about $222,000. Focus Partners Wealth grew its holdings in shares of Johnson Controls International by 15.4% during the first quarter. Focus Partners Wealth now owns 29,052 shares of the company’s stock worth $2,328,000 after purchasing an additional 3,881 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Johnson Controls International in the first quarter valued at $55,000. Parallel Advisors LLC grew its holdings in Johnson Controls International by 6.7% during the 2nd quarter. Parallel Advisors LLC now owns 8,970 shares of the company’s stock worth $947,000 after acquiring an additional 566 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in Johnson Controls International by 9.9% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 5,056 shares of the company’s stock valued at $534,000 after acquiring an additional 455 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.
Johnson Controls International Stock Performance
NYSE JCI opened at $112.16 on Thursday. The company has a market capitalization of $68.54 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 1.35 and a beta of 1.41. The company has a quick ratio of 0.76, a current ratio of 0.93 and a debt-to-equity ratio of 0.66. Johnson Controls International plc has a twelve month low of $68.03 and a twelve month high of $124.07. The stock has a fifty day simple moving average of $117.13 and a 200 day simple moving average of $111.11.
Johnson Controls International Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Monday, December 22nd will be given a $0.40 dividend. The ex-dividend date is Monday, December 22nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.4%. Johnson Controls International’s payout ratio is 31.43%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on JCI shares. Argus reaffirmed a “buy” rating and issued a $145.00 target price on shares of Johnson Controls International in a research note on Friday, November 7th. Barclays upped their price objective on Johnson Controls International from $119.00 to $125.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 7th. Morgan Stanley lifted their target price on Johnson Controls International from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday. HSBC upped their price target on Johnson Controls International from $79.00 to $127.00 and gave the company a “hold” rating in a research note on Monday, November 24th. Finally, UBS Group reiterated a “buy” rating and issued a $124.00 price objective on shares of Johnson Controls International in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.21.
Read Our Latest Report on Johnson Controls International
Insider Activity at Johnson Controls International
In other news, VP Lei Zhang Schlitz sold 32,031 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $113.20, for a total value of $3,625,909.20. Following the sale, the vice president directly owned 66,780 shares of the company’s stock, valued at approximately $7,559,496. This represents a 32.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.54% of the company’s stock.
About Johnson Controls International
Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.
Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.
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