Axxcess Wealth Management LLC Buys 6,469 Shares of Johnson Controls International plc (NYSE:JCI)

Axxcess Wealth Management LLC boosted its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 52.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,710 shares of the company's stock after acquiring an additional 6,469 shares during the period. Axxcess Wealth Management LLC's holdings in Johnson Controls International were worth $1,477,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Johnson Controls International during the fourth quarter worth $568,309,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Johnson Controls International by 514.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company's stock worth $418,439,000 after purchasing an additional 4,514,792 shares in the last quarter. Amundi raised its stake in shares of Johnson Controls International by 76.7% in the 4th quarter. Amundi now owns 3,870,478 shares of the company's stock valued at $309,422,000 after purchasing an additional 1,680,431 shares during the period. ANTIPODES PARTNERS Ltd lifted its holdings in shares of Johnson Controls International by 391,951.9% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 1,215,361 shares of the company's stock valued at $95,936,000 after purchasing an additional 1,215,051 shares in the last quarter. Finally, AMF Tjanstepension AB boosted its position in shares of Johnson Controls International by 500.7% during the fourth quarter. AMF Tjanstepension AB now owns 1,048,377 shares of the company's stock worth $82,797,000 after buying an additional 873,841 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

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Johnson Controls International Stock Performance

JCI traded up $1.82 during trading hours on Monday, reaching $84.55. The company's stock had a trading volume of 3,865,737 shares, compared to its average volume of 4,180,251. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The company's 50-day moving average is $82.70 and its 200-day moving average is $80.17. Johnson Controls International plc has a 52 week low of $59.83 and a 52 week high of $91.14. The firm has a market cap of $55.81 billion, a PE ratio of 32.27, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its earnings results 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 net margin of 6.83% and a return on equity of 15.11%. On average, equities analysts forecast that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Monday, March 24th. Johnson Controls International's dividend payout ratio is presently 56.49%.

Insider Activity

In other news, CEO George Oliver sold 162,894 shares of the business's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $89.28, for a total value of $14,543,176.32. Following the completion of the sale, the chief executive officer now owns 1,203,893 shares of the company's stock, valued at approximately $107,483,567.04. The trade was a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Nathan D. Manning sold 1,421 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $76.44, for a total transaction of $108,621.24. Following the transaction, the vice president now directly owns 148,346 shares in the company, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 905,864 shares of company stock valued at $77,824,710. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Barclays decreased their target price on shares of Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating for the company in a research report on Monday, March 10th. Argus raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 price target on the stock in a research report on Friday, December 20th. Morgan Stanley raised their price objective on Johnson Controls International from $95.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, Melius lowered Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 target price on the stock. in a report on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $91.27.

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.