BNC Wealth Management LLC Takes $2.09 Million Position in Johnson Controls International plc (NYSE:JCI)

BNC Wealth Management LLC acquired a new position in Johnson Controls International plc (NYSE:JCI - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 26,519 shares of the company's stock, valued at approximately $2,093,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fortitude Family Office LLC increased its position in shares of Johnson Controls International by 195.8% in 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 last quarter. Wolff Wiese Magana LLC increased its position 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 worth $37,000 after purchasing an additional 430 shares during the last quarter. ST Germain D J Co. Inc. increased its position in shares of 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 worth $43,000 after purchasing an additional 134 shares during the last quarter. Western Pacific Wealth Management LP bought a new stake in shares of Johnson Controls International during the 3rd quarter valued at about $44,000. Finally, Friedenthal Financial bought a new stake in shares of Johnson Controls International during the 4th quarter valued at about $49,000. Institutional investors own 90.05% of the company's stock.

Insider Transactions at Johnson Controls International

In related news, CEO George Oliver sold 224,152 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the completion of the sale, the chief executive officer now directly owns 1,166,992 shares of the company's stock, valued at $96,533,578.24. This represents a 16.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marlon Sullivan sold 7,230 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total transaction of $602,620.50. Following the sale, the executive vice president now directly owns 32,246 shares of the company's stock, valued at approximately $2,687,704.10. This represents a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 647,973 shares of company stock valued at $53,986,862. Company insiders own 0.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JCI. Robert W. Baird boosted their price objective on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Bank of America boosted their price objective on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Citigroup lowered their price objective on shares of 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. Mizuho boosted their price objective on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Finally, Argus raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 price objective for the company in a research report on Friday, December 20th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Johnson Controls International presently has an average rating of "Hold" and a consensus price target of $82.53.

Johnson Controls International Price Performance

Shares of NYSE:JCI traded up $0.88 during trading on Friday, reaching $81.34. The company had a trading volume of 3,591,080 shares, compared to its average volume of 2,429,269. The firm's fifty day moving average is $81.96 and its 200 day moving average is $75.76. The firm has a market capitalization of $53.86 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 2.20 and a beta of 1.32. Johnson Controls International plc has a twelve month low of $52.02 and a twelve month high of $87.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Monday, December 23rd. Johnson Controls International's dividend payout ratio is currently 58.27%.

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.