Stonebrook Private Inc. raised its position in shares of Johnson Controls International plc (NYSE:JCI – Free Report) by 1.8% during the second quarter, HoldingsChannel reports. The fund owned 27,323 shares of the company’s stock after acquiring an additional 493 shares during the quarter. Stonebrook Private Inc.’s holdings in Johnson Controls International were worth $2,867,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in JCI. MainStreet Investment Advisors LLC bought a new position in Johnson Controls International during the 2nd quarter valued at about $225,000. Vanguard Group Inc. grew its stake in shares of Johnson Controls International by 1.3% during the second quarter. Vanguard Group Inc. now owns 69,365,463 shares of the company’s stock valued at $7,326,380,000 after buying an additional 920,777 shares during the last quarter. Pinnacle Wealth Planning Services Inc. raised its holdings in shares of Johnson Controls International by 25.0% in the second quarter. Pinnacle Wealth Planning Services Inc. now owns 5,675 shares of the company’s stock worth $599,000 after buying an additional 1,134 shares during the period. Rothschild Investment LLC lifted its stake in shares of Johnson Controls International by 17.4% during the 2nd quarter. Rothschild Investment LLC now owns 2,347 shares of the company’s stock worth $248,000 after acquiring an additional 347 shares during the last quarter. Finally, Poehling Capital Management INC. bought a new stake in shares of Johnson Controls International during the 2nd quarter worth approximately $224,000. Institutional investors own 90.05% of the company’s stock.
Johnson Controls International Price Performance
NYSE JCI opened at $114.36 on Wednesday. The company has a market cap of $74.84 billion, a PE ratio of 33.94, a P/E/G ratio of 1.70 and a beta of 1.36. The firm’s 50 day moving average price is $111.46 and its 200-day moving average price is $106.34. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96. Johnson Controls International plc has a 52-week low of $68.03 and a 52-week high of $123.78.
Johnson Controls International Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, September 22nd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.4%. This is a boost from Johnson Controls International’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, September 22nd. Johnson Controls International’s payout ratio is presently 31.43%.
Analysts Set New Price Targets
JCI has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Johnson Controls International in a research note on Wednesday, October 8th. Citigroup lifted their price objective on shares of Johnson Controls International from $112.00 to $119.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Morgan Stanley boosted their price objective on shares of Johnson Controls International from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. raised their target price on shares of Johnson Controls International from $105.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Finally, Argus reaffirmed a “buy” rating and set a $145.00 price target on shares of Johnson Controls International in a research note on Friday, November 7th. Ten research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Johnson Controls International presently has an average rating of “Moderate Buy” and an average target price of $121.00.
Check Out Our Latest Research Report on JCI
Insiders Place Their Bets
In related news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total transaction of $149,395.32. Following the completion of the sale, the vice president owned 139,459 shares of the company’s stock, valued at $14,651,562.54. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were 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 of the company’s stock, valued at approximately $2,643,778.65. This trade represents a 19.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 17,839 shares of company stock worth $2,056,315. 0.54% of the stock is owned by corporate insiders.
Johnson Controls International Company 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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