Sfmg LLC Buys New Shares in Johnson Controls International plc (NYSE:JCI)

Sfmg LLC purchased a new position in shares of Johnson Controls International plc (NYSE:JCI) during the 3rd quarter, HoldingsChannel reports. The firm purchased 2,704 shares of the company’s stock, valued at approximately $210,000.

Several other large investors also recently bought and sold shares of JCI. Fortitude Family Office LLC lifted its stake in Johnson Controls International by 195.8% in the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after acquiring an additional 278 shares during the last quarter. Wolff Wiese Magana LLC raised its holdings in shares of Johnson Controls International by 977.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after purchasing an additional 430 shares in the last quarter. Continuum Advisory LLC lifted its position in shares of Johnson Controls International by 65.2% during the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after purchasing an additional 208 shares during the last quarter. Western Pacific Wealth Management LP acquired a new position in shares of Johnson Controls International during the third quarter worth $44,000. Finally, Family Firm Inc. purchased a new position in Johnson Controls International in the second quarter valued at $48,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on JCI shares. Robert W. Baird increased their price objective on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Mizuho increased their price target on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Oppenheimer upped their target price on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. UBS Group began coverage on shares of Johnson Controls International in a research note on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price target on the stock. Finally, StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Johnson Controls International has an average rating of “Hold” and a consensus price target of $78.57.

Insider Transactions at Johnson Controls International

In related news, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at $90,383,385.17. This trade represents a 8.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total transaction of $231,240.00. Following the transaction, the chief operating officer now owns 140,488 shares in the company, valued at $10,828,815.04. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 872,389 shares of company stock valued at $70,763,920. Corporate insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Performance

NYSE:JCI opened at $83.33 on Friday. The firm has a market cap of $55.18 billion, a price-to-earnings ratio of 32.81, a price-to-earnings-growth ratio of 2.35 and a beta of 1.31. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. Johnson Controls International plc has a 1-year low of $51.70 and a 1-year high of $87.16. The firm’s fifty day moving average price is $80.46 and its 200 day moving average price is $73.82.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Monday, December 23rd will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Monday, December 23rd. Johnson Controls International’s payout ratio is 58.27%.

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.