Gilliland Jeter Wealth Management LLC Has $2.31 Million Stock Position in Johnson Controls International plc (NYSE:JCI)

Gilliland Jeter Wealth Management LLC trimmed its position in Johnson Controls International plc (NYSE:JCI) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,259 shares of the company’s stock after selling 631 shares during the quarter. Gilliland Jeter Wealth Management LLC’s holdings in Johnson Controls International were worth $2,309,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC increased its position in Johnson Controls International by 101.5% in the fourth quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock worth $2,093,000 after purchasing an additional 13,360 shares during the period. Y Intercept Hong Kong Ltd increased its position in Johnson Controls International by 136.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock worth $7,082,000 after purchasing an additional 52,719 shares during the period. Geode Capital Management LLC increased its position in Johnson Controls International by 0.5% in the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock worth $1,041,822,000 after purchasing an additional 71,493 shares during the period. BNC Wealth Management LLC acquired a new stake in Johnson Controls International in the fourth quarter worth about $2,093,000. Finally, International Assets Investment Management LLC acquired a new stake in Johnson Controls International in the third quarter worth about $7,692,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Johnson Controls International

In related news, VP Nathan D. Manning sold 1,421 shares of the 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 sale, the vice president now owns 148,346 shares in the company, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marlon Sullivan sold 7,230 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the sale, the executive vice president now owns 32,246 shares in the company, valued at approximately $2,687,704.10. This trade represents a 18.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 649,208 shares of company stock worth $54,081,073 in the last 90 days. Corporate insiders own 0.54% of the company’s stock.

Johnson Controls International Trading Up 2.4 %

Shares of Johnson Controls International stock opened at $88.09 on Friday. Johnson Controls International plc has a 12-month low of $53.34 and a 12-month high of $88.90. The stock has a market cap of $58.15 billion, a P/E ratio of 34.68, a P/E/G ratio of 2.24 and a beta of 1.32. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $80.77 and its 200-day moving average is $76.76.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 14.51% and a net margin of 6.49%. Equities research analysts predict that Johnson Controls International plc will post 3.45 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s dividend payout ratio is currently 58.27%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on JCI. Melius Research restated a “hold” rating and set a $95.00 target price on shares of Johnson Controls International in a research report on Tuesday, January 28th. Citigroup decreased their target price on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Wells Fargo & Company boosted their target price on Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday. Mizuho boosted their target price on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $90.27.

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.