Wealth Alliance LLC trimmed its holdings in shares of Johnson Controls International plc (NYSE:JCI – Free Report) by 22.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,743 shares of the company’s stock after selling 815 shares during the period. Wealth Alliance LLC’s holdings in Johnson Controls International were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new position in Johnson Controls International in the 2nd quarter worth $28,000. Truvestments Capital LLC grew its position 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 worth $25,000 after acquiring an additional 255 shares in the last quarter. Accent Capital Management LLC bought a new stake in Johnson Controls International during the first quarter valued at $26,000. Hilltop National Bank acquired a new position in shares of Johnson Controls International in the 2nd quarter valued at about $35,000. Finally, Activest Wealth Management grew its position in shares of Johnson Controls International by 56.4% during the 1st quarter. Activest Wealth Management now owns 369 shares of the company’s stock valued at $30,000 after buying an additional 133 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.
Johnson Controls International Stock Performance
Johnson Controls International stock opened at $120.03 on Friday. Johnson Controls International plc has a fifty-two week low of $68.03 and a fifty-two week high of $123.78. The firm’s 50 day simple moving average is $110.86 and its 200-day simple moving average is $105.38. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. The company has a market cap of $78.54 billion, a P/E ratio of 35.62, a price-to-earnings-growth ratio of 1.70 and a beta of 1.36.
Johnson Controls International Increases Dividend
The firm also recently declared 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 positive change 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 1.3%. The ex-dividend date was Monday, September 22nd. Johnson Controls International’s dividend payout ratio is presently 31.43%.
Wall Street Analyst Weigh In
A number of research analysts recently commented on JCI shares. Wells Fargo & Company upped their price objective on Johnson Controls International from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Johnson Controls International in a report on Wednesday, October 8th. Citigroup upped their price target on shares of Johnson Controls International from $112.00 to $119.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Wolfe Research upped their price objective on Johnson Controls International from $132.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, September 12th. Finally, Morgan Stanley raised 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. Ten analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $120.72.
Get Our Latest Stock Report on JCI
Insider Activity
In related news, VP Lei Zhang Schlitz sold 10,500 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $122.03, for a total transaction of $1,281,315.00. Following the transaction, the vice president directly owned 115,220 shares of the company’s stock, valued at approximately $14,060,296.60. The trade was a 8.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 value of $625,604.41. Following the completion of the sale, the vice president directly owned 25,005 shares of the company’s stock, valued at approximately $2,643,778.65. This 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 quarter, insiders have sold 17,839 shares of company stock worth $2,056,315. 0.54% of the stock is owned by corporate insiders.
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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