Park Avenue Securities LLC Has $2.09 Million Position in Johnson Controls International plc (NYSE:JCI)

Park Avenue Securities LLC raised its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 101.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 26,517 shares of the company's stock after buying an additional 13,360 shares during the quarter. Park Avenue Securities LLC's holdings in Johnson Controls International were worth $2,093,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wealth Alliance purchased a new stake in shares of Johnson Controls International during the second quarter valued at $241,000. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Johnson Controls International by 4.4% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 22,781 shares of the company's stock worth $1,514,000 after buying an additional 950 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of Johnson Controls International by 19.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 56,962 shares of the company's stock worth $3,753,000 after acquiring an additional 9,293 shares in the last quarter. Blair William & Co. IL boosted its stake in Johnson Controls International by 13.2% in the 2nd quarter. Blair William & Co. IL now owns 11,676 shares of the company's stock worth $776,000 after purchasing an additional 1,358 shares during the period. Finally, Hsbc Holdings PLC boosted its position in shares of Johnson Controls International by 83.1% in the second quarter. Hsbc Holdings PLC now owns 582,039 shares of the company's stock worth $38,947,000 after buying an additional 264,187 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Activity

In related news, CEO George Oliver sold 110,616 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the completion of the transaction, the chief executive officer now owns 1,244,617 shares in the company, valued at $105,294,598.20. This trade represents a 8.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 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 $2,687,704.10. This trade 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 have sold 647,973 shares of company stock worth $53,986,862. Corporate insiders own 0.69% of the company's stock.

Analyst Ratings Changes

JCI has been the topic of a number of research reports. Wells Fargo & Company dropped their target price 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. Barclays boosted their target price on Johnson Controls International from $75.00 to $83.00 and gave the company an "equal weight" rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. decreased their target price on shares of Johnson Controls International from $88.00 to $87.00 and set an "overweight" rating for the company in a research report on Wednesday. Oppenheimer raised their target price on Johnson Controls International from $86.00 to $87.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada increased 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 given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $82.53.

Johnson Controls International Stock Performance

Shares of NYSE:JCI traded up $0.88 during trading on Friday, hitting $81.34. 3,591,080 shares of the stock were exchanged, compared to its average volume of 2,429,269. The company's fifty day simple moving average is $81.96 and its 200-day simple moving average is $75.69. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. The company has a market capitalization of $53.86 billion, a price-to-earnings 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 1-year low of $52.02 and a 1-year high of $87.16.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.37 per share. 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 payout ratio is 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.