Independent Advisor Alliance Grows Stock Position in Johnson Controls International plc (NYSE:JCI)

Independent Advisor Alliance boosted its position in shares of Johnson Controls International plc (NYSE:JCI) by 47.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,454 shares of the company’s stock after buying an additional 2,725 shares during the quarter. Independent Advisor Alliance’s holdings in Johnson Controls International were worth $667,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harbour Investments Inc. grew its holdings in Johnson Controls International by 12.7% during the 3rd quarter. Harbour Investments Inc. now owns 2,866 shares of the company’s stock valued at $222,000 after purchasing an additional 322 shares during the last quarter. OneDigital Investment Advisors LLC boosted its position in shares of Johnson Controls International by 5.9% during the third quarter. OneDigital Investment Advisors LLC now owns 6,964 shares of the company’s stock valued at $540,000 after buying an additional 390 shares during the period. CIBC Asset Management Inc grew its stake in shares of Johnson Controls International by 6.8% during the third quarter. CIBC Asset Management Inc now owns 117,328 shares of the company’s stock valued at $9,106,000 after buying an additional 7,433 shares during the last quarter. Mizuho Securities USA LLC raised its holdings in shares of Johnson Controls International by 255.2% in the third quarter. Mizuho Securities USA LLC now owns 184,494 shares of the company’s stock worth $14,319,000 after buying an additional 132,547 shares during the period. Finally, Natixis Advisors LLC lifted its stake in shares of Johnson Controls International by 3.7% during the 3rd quarter. Natixis Advisors LLC now owns 860,417 shares of the company’s stock worth $66,777,000 after acquiring an additional 30,835 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on JCI. Barclays cut their price objective on Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Monday, March 10th. Melius downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target on the stock. in a research note on Tuesday, January 28th. Morgan Stanley boosted their price objective on shares of Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Royal Bank of Canada raised their target price on shares of Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Finally, StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $91.27.

Johnson Controls International Trading Up 3.0 %

JCI opened at $79.78 on Monday. Johnson Controls International plc has a 12 month low of $59.83 and a 12 month high of $91.14. The stock has a fifty day moving average price of $82.41 and a 200-day moving average price of $79.79. The firm has a market cap of $52.67 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 1.96 and a beta of 1.32. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. As a group, equities research analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be paid a $0.37 dividend. The ex-dividend date is Monday, March 24th. This represents a $1.48 annualized dividend and a yield of 1.86%. Johnson Controls International’s dividend payout ratio (DPR) is 56.49%.

Insiders Place Their Bets

In other news, Director George Oliver sold 15,669 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $77.49, for a total value of $1,214,190.81. Following the completion of the sale, the director now owns 1,003,893 shares of the company’s stock, valued at $77,791,668.57. This trade represents a 1.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the transaction, the vice president now owns 148,346 shares in the company, valued at approximately $11,339,568.24. This trade represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 906,050 shares of company stock valued at $77,839,329. 0.54% of the stock is currently owned by insiders.

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.