Golden State Wealth Management LLC Makes New $64,000 Investment in Johnson Controls International plc (NYSE:JCI)

Golden State Wealth Management LLC acquired a new position in Johnson Controls International plc (NYSE:JCI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 808 shares of the company’s stock, valued at approximately $64,000.

Several other large investors have also made changes to their positions in the business. Fortitude Family Office LLC grew its stake in shares of Johnson Controls International by 195.8% during the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after purchasing an additional 278 shares during the period. Wolff Wiese Magana LLC increased its position in shares of Johnson Controls International by 977.3% during the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after purchasing an additional 430 shares in the last quarter. Synergy Asset Management LLC acquired a new position in Johnson Controls International in the 4th quarter valued at $42,000. ST Germain D J Co. Inc. lifted its holdings in Johnson Controls International by 32.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after purchasing an additional 134 shares in the last quarter. Finally, Western Pacific Wealth Management LP acquired a new stake in Johnson Controls International during the 3rd quarter worth $44,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $89.47 on Tuesday. The firm has a 50 day moving average of $80.93 and a two-hundred day moving average of $77.08. The stock has a market capitalization of $59.06 billion, a PE ratio of 34.15, a P/E/G ratio of 2.48 and a beta of 1.32. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 52 week low of $54.07 and a 52 week high of $89.95.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. On average, research analysts predict that Johnson Controls International plc will post 3.52 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were issued a $0.37 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.48 annualized dividend and a yield of 1.65%. Johnson Controls International’s dividend payout ratio (DPR) is 56.49%.

Insider Activity at Johnson Controls International

In related news, EVP Marlon Sullivan sold 7,230 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the transaction, the executive vice president now owns 32,246 shares of the company’s stock, valued at $2,687,704.10. This represents a 18.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO George Oliver sold 110,616 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $84.60, for a total value of $9,358,113.60. Following the completion of the sale, the chief executive officer now owns 1,244,617 shares in the company, valued at approximately $105,294,598.20. This represents a 8.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 856,326 shares of company stock valued at $72,313,086 over the last 90 days. 0.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have commented on JCI. Morgan Stanley increased their price objective on shares of Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Melius downgraded Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price for the company. in a research note on Tuesday, January 28th. UBS Group upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $90.00 to $103.00 in a report on Monday. Oppenheimer upped their price objective 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. Finally, StockNews.com lowered shares of 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 MarketBeat, Johnson Controls International currently has an average rating of “Moderate Buy” and a consensus target price of $91.13.

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.