Bryn Mawr Trust Advisors LLC increased its position in shares of Johnson Controls International plc (NYSE:JCI – Free Report) by 1.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 163,003 shares of the company’s stock after purchasing an additional 2,103 shares during the quarter. Johnson Controls International makes up approximately 0.9% of Bryn Mawr Trust Advisors LLC’s investment portfolio, making the stock its 20th largest position. Bryn Mawr Trust Advisors LLC’s holdings in Johnson Controls International were worth $17,216,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Cerity Partners LLC grew its holdings in shares of Johnson Controls International by 69.8% during the first quarter. Cerity Partners LLC now owns 113,059 shares of the company’s stock worth $9,057,000 after buying an additional 46,459 shares in the last quarter. Yeomans Consulting Group Inc. purchased a new position in shares of Johnson Controls International in the second quarter worth about $304,000. Ethic Inc. boosted its position in Johnson Controls International by 3.5% during the second quarter. Ethic Inc. now owns 112,959 shares of the company’s stock worth $11,869,000 after acquiring an additional 3,793 shares during the last quarter. Allegiance Financial Group Advisory Services LLC purchased a new stake in Johnson Controls International during the 2nd quarter valued at about $284,000. Finally, Asset Management One Co. Ltd. grew its stake in Johnson Controls International by 9.7% during the 2nd quarter. Asset Management One Co. Ltd. now owns 297,679 shares of the company’s stock valued at $31,441,000 after acquiring an additional 26,333 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.
Johnson Controls International Stock Performance
NYSE:JCI opened at $122.25 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96. The stock has a market capitalization of $80.00 billion, a P/E ratio of 36.28, a PEG ratio of 1.70 and a beta of 1.36. The company has a 50 day moving average price of $109.32 and a 200 day moving average price of $103.86. Johnson Controls International plc has a fifty-two week low of $68.03 and a fifty-two week high of $123.37.
Johnson Controls International Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, September 22nd were issued a dividend of $0.40 per share. This is a positive change from Johnson Controls International’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, September 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.3%. Johnson Controls International’s dividend payout ratio (DPR) is 47.48%.
Insider Activity
In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total transaction of $149,395.32. Following the sale, the vice president directly owned 139,459 shares in the company, valued at $14,651,562.54. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total transaction of $625,604.41. Following the sale, the vice president directly owned 25,005 shares in the company, valued at $2,643,778.65. This represents a 19.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.54% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have weighed in on JCI shares. Royal Bank Of Canada raised their target price on shares of Johnson Controls International from $116.00 to $135.00 and gave the stock a “sector perform” rating in a research note on Thursday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $142.00 price target on shares of Johnson Controls International in a report on Thursday. Deutsche Bank Aktiengesellschaft boosted their price objective on Johnson Controls International from $124.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Wells Fargo & Company upped their target price on Johnson Controls International from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Robert W. Baird lifted their target price on shares of Johnson Controls International from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Ten analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Johnson Controls International currently has an average rating of “Moderate Buy” and a consensus price target of $117.56.
Check Out Our Latest Stock Analysis on JCI
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.
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