NewEdge Wealth LLC lifted its position in Johnson Controls International plc (NYSE:JCI – Free Report) by 31.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,170 shares of the company’s stock after buying an additional 4,840 shares during the quarter. NewEdge Wealth LLC’s holdings in Johnson Controls International were worth $2,415,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in JCI. Maseco LLP increased its position in shares of Johnson Controls International by 102.9% in the fourth quarter. Maseco LLP now owns 211 shares of the company’s stock worth $25,000 after purchasing an additional 107 shares during the last quarter. Roxbury Financial LLC increased its stake in Johnson Controls International by 71.9% in the fourth quarter. Roxbury Financial LLC now owns 239 shares of the company’s stock valued at $29,000 after acquiring an additional 100 shares during the last quarter. YANKCOM Partnership bought a new position in Johnson Controls International in the fourth quarter valued at $34,000. Physician Wealth Advisors Inc. increased its stake in Johnson Controls International by 62.8% in the third quarter. Physician Wealth Advisors Inc. now owns 319 shares of the company’s stock valued at $35,000 after acquiring an additional 123 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in Johnson Controls International in the fourth quarter valued at $38,000. Institutional investors own 90.05% of the company’s stock.
Johnson Controls International Stock Down 0.5%
NYSE:JCI opened at $141.02 on Wednesday. The firm’s 50-day moving average price is $137.28 and its 200-day moving average price is $126.86. The company has a market capitalization of $86.04 billion, a PE ratio of 25.23, a P/E/G ratio of 1.56 and a beta of 1.37. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.85. Johnson Controls International plc has a 1-year low of $95.31 and a 1-year high of $147.32.
Johnson Controls International Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Monday, March 16th were paid a $0.40 dividend. The ex-dividend date was Monday, March 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Johnson Controls International’s dividend payout ratio is presently 28.62%.
Insider Activity at Johnson Controls International
In other Johnson Controls International news, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the sale, the vice president directly owned 57,059 shares in the company, valued at approximately $8,044,748.41. This trade represents a 60.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Daniel C. Mcconeghy sold 3,600 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $142.56, for a total value of $513,216.00. Following the transaction, the vice president directly owned 24,273 shares in the company, valued at approximately $3,460,358.88. The trade was a 12.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.29% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on JCI. Wolfe Research reduced their target price on Johnson Controls International from $161.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 8th. Barclays lifted their price target on shares of Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Royal Bank Of Canada lifted their price target on shares of Johnson Controls International from $139.00 to $154.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th. Wall Street Zen raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Sunday, May 3rd. Finally, Citigroup raised their price objective on Johnson Controls International from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $147.63.
Read Our Latest Research Report on JCI
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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