Assetmark Inc. Has $2.98 Million Stake in Johnson Controls International plc $JCI

Assetmark Inc. decreased its position in Johnson Controls International plc (NYSE:JCI) by 20.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,227 shares of the company’s stock after selling 7,311 shares during the quarter. Assetmark Inc.’s holdings in Johnson Controls International were worth $2,981,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of JCI. Truvestments Capital LLC raised its stake in shares of Johnson Controls International by 425.0% in the 1st quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock valued at $25,000 after purchasing an additional 255 shares during the period. Accent Capital Management LLC acquired a new stake in shares of Johnson Controls International in the 1st quarter valued at about $26,000. Cornerstone Planning Group LLC raised its stake in shares of Johnson Controls International by 74.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock valued at $28,000 after purchasing an additional 155 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Johnson Controls International in the 2nd quarter valued at about $28,000. Finally, Activest Wealth Management raised its stake in shares of Johnson Controls International by 56.4% in the 1st quarter. Activest Wealth Management now owns 369 shares of the company’s stock valued at $30,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $113.06 on Tuesday. Johnson Controls International plc has a twelve month low of $68.03 and a twelve month high of $116.48. The company has a market cap of $73.98 billion, a PE ratio of 33.55, a price-to-earnings-growth ratio of 1.70 and a beta of 1.33. The business’s 50 day moving average price is $108.77 and its two-hundred day moving average price is $103.38. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50.

Johnson Controls International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.40 per share. This is a boost from Johnson Controls International’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, September 22nd. Johnson Controls International’s dividend payout ratio is presently 47.48%.

Insider Buying and Selling

In other news, VP Daniel C. Mcconeghy sold 5,917 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total transaction of $625,604.41. Following the completion of the sale, the vice president owned 25,005 shares in the company, valued at $2,643,778.65. The trade was a 19.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total value of $149,395.32. Following the completion of the sale, the vice president owned 139,459 shares of the company’s stock, valued at approximately $14,651,562.54. This trade represents a 1.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Zacks Research raised Johnson Controls International to a “hold” rating in a research note on Monday, August 11th. Deutsche Bank Aktiengesellschaft lifted their target price on Johnson Controls International from $124.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Royal Bank Of Canada lifted their target price on Johnson Controls International from $114.00 to $116.00 and gave the company a “sector perform” rating in a research report on Thursday, October 16th. Robert W. Baird lifted their target price on Johnson Controls International from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. Finally, Wolfe Research lifted their target price on Johnson Controls International from $132.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $113.41.

About Johnson Controls International

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.