HB Wealth Management LLC Acquires 3,996 Shares of Johnson Controls International plc (NYSE:JCI)

HB Wealth Management LLC grew its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 17.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,106 shares of the company's stock after purchasing an additional 3,996 shares during the period. HB Wealth Management LLC's holdings in Johnson Controls International were worth $2,140,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC boosted its position 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 valued at $33,000 after acquiring an additional 278 shares in the last quarter. Wolff Wiese Magana LLC increased its holdings in Johnson Controls International by 977.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company's stock valued at $37,000 after purchasing an additional 430 shares in the last quarter. ST Germain D J Co. Inc. raised its position 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 during the last quarter. Western Pacific Wealth Management LP acquired a new position in Johnson Controls International in the third quarter worth $44,000. Finally, Friedenthal Financial bought a new stake in shares of Johnson Controls International during the fourth quarter worth $49,000. Institutional investors own 90.05% of the company's stock.

Insider Activity

In other Johnson Controls International news, CEO George Oliver sold 224,152 shares of the firm's stock in a transaction on Wednesday, November 20th. The stock was 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 owns 1,166,992 shares of the company's stock, valued at $96,533,578.24. This trade represents a 16.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Marlon Sullivan sold 7,230 shares of the company's stock in a transaction 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 completion of the transaction, the executive vice president now owns 32,246 shares in the company, 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. Insiders sold a total of 647,787 shares of company stock valued at $53,972,452 in the last quarter. Company insiders own 0.69% of the company's stock.

Wall Street Analyst Weigh In

JCI has been the topic of a number of research analyst reports. Bank of America increased their price objective on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, September 27th. UBS Group initiated coverage on shares of Johnson Controls International in a report on Wednesday, November 13th. They issued a "neutral" rating and a $90.00 price target for the company. Wells Fargo & Company reduced their price objective on Johnson Controls International from $95.00 to $92.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Argus raised Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 target price for the company in a research note on Friday, December 20th. Finally, Royal Bank of Canada raised their price target on Johnson Controls International from $81.00 to $86.00 and gave the company a "sector perform" rating in a report on Thursday, November 7th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Johnson Controls International has an average rating of "Hold" and a consensus target price of $82.53.

Johnson Controls International Stock Up 1.1 %

Shares of NYSE JCI traded up $0.88 during mid-day trading on Monday, hitting $81.34. The company had a trading volume of 3,591,080 shares, compared to its average volume of 2,429,269. Johnson Controls International plc has a one year low of $52.02 and a one year high of $87.16. The company 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. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The firm has a 50-day simple moving average of $81.96 and a two-hundred day simple moving average of $75.82.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International's dividend payout ratio (DPR) 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.