US Bancorp DE trimmed its stake in Johnson Controls International plc (NYSE:JCI – Free Report) by 4.8% during the third quarter, HoldingsChannel.com reports. The fund owned 79,881 shares of the company’s stock after selling 4,017 shares during the period. US Bancorp DE’s holdings in Johnson Controls International were worth $8,783,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. MTM Investment Management LLC acquired a new position in shares of Johnson Controls International in the 2nd quarter valued at $32,000. Elevation Point Wealth Partners LLC acquired a new stake in Johnson Controls International during the 2nd quarter worth about $34,000. Physician Wealth Advisors Inc. boosted its holdings in shares of Johnson Controls International by 62.8% in the third quarter. Physician Wealth Advisors Inc. now owns 319 shares of the company’s stock worth $35,000 after buying an additional 123 shares during the period. NewSquare Capital LLC increased its position in shares of Johnson Controls International by 88.1% in the second quarter. NewSquare Capital LLC now owns 380 shares of the company’s stock worth $40,000 after acquiring an additional 178 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Johnson Controls International in the 2nd quarter valued at approximately $42,000. 90.05% of the stock is owned by institutional investors and hedge funds.
Johnson Controls International Stock Performance
Shares of NYSE JCI opened at $144.03 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.81. Johnson Controls International plc has a one year low of $68.03 and a one year high of $146.49. The business’s 50-day moving average price is $125.47 and its two-hundred day moving average price is $116.32. The company has a market capitalization of $88.16 billion, a P/E ratio of 27.12, a price-to-earnings-growth ratio of 1.63 and a beta of 1.43.
Johnson Controls International Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Monday, December 22nd were paid a $0.40 dividend. The ex-dividend date was Monday, December 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Johnson Controls International’s payout ratio is 30.13%.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on JCI. Barclays increased their target price on Johnson Controls International from $125.00 to $136.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Argus reissued a “buy” rating and issued a $145.00 price objective on shares of Johnson Controls International in a research note on Friday, November 7th. Royal Bank Of Canada lifted their target price on Johnson Controls International from $135.00 to $140.00 and gave the company a “sector perform” rating in a research note on Thursday, February 5th. UBS Group reiterated a “buy” rating and issued a $124.00 target price on shares of Johnson Controls International in a report on Thursday, November 6th. Finally, Robert W. Baird set a $132.00 price target on shares of Johnson Controls International in a research report on Thursday, February 5th. Twelve investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Johnson Controls International has a consensus rating of “Moderate Buy” and a consensus price target of $135.00.
Get Our Latest Report on Johnson Controls International
Insiders Place Their Bets
In other news, VP Todd M. Grabowski sold 6,050 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $134.90, for a total transaction of $816,145.00. Following the transaction, the vice president owned 34,836 shares in the company, valued at approximately $4,699,376.40. This trade represents a 14.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Daniel C. Mcconeghy sold 3,600 shares of Johnson Controls International stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $142.56, for a total transaction of $513,216.00. Following the completion of the sale, the vice president directly owned 24,273 shares of the company’s stock, valued at approximately $3,460,358.88. The trade was a 12.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.29% of the company’s stock.
Johnson Controls International Company Profile
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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