Johnson Controls International plc (NYSE:JCI) Position Boosted by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 136.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 91,248 shares of the company's stock after purchasing an additional 52,719 shares during the period. Johnson Controls International comprises about 0.4% of Y Intercept Hong Kong Ltd's portfolio, making the stock its 21st largest holding. Y Intercept Hong Kong Ltd's holdings in Johnson Controls International were worth $7,082,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. RFG Advisory LLC boosted its stake in Johnson Controls International by 17.6% in the second quarter. RFG Advisory LLC now owns 3,996 shares of the company's stock valued at $266,000 after acquiring an additional 599 shares during the period. Wedmont Private Capital boosted its stake in Johnson Controls International by 3.1% in the second quarter. Wedmont Private Capital now owns 6,440 shares of the company's stock valued at $451,000 after acquiring an additional 192 shares during the period. M&G Plc boosted its stake in Johnson Controls International by 0.3% in the second quarter. M&G Plc now owns 1,866,070 shares of the company's stock valued at $123,161,000 after acquiring an additional 5,337 shares during the period. Friedenthal Financial acquired a new position in Johnson Controls International in the second quarter valued at approximately $47,000. Finally, Foguth Wealth Management LLC. boosted its stake in Johnson Controls International by 19.6% in the second quarter. Foguth Wealth Management LLC. now owns 4,619 shares of the company's stock valued at $307,000 after acquiring an additional 757 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Price Performance

JCI traded down $0.41 during trading on Monday, reaching $83.94. The stock had a trading volume of 4,337,022 shares, compared to its average volume of 4,835,815. The firm has a market capitalization of $55.58 billion, a price-to-earnings ratio of 33.05, a price-to-earnings-growth ratio of 2.35 and a beta of 1.31. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. Johnson Controls International plc has a 1-year low of $51.70 and a 1-year high of $87.16. The stock has a 50 day moving average of $80.04 and a two-hundred day moving average of $73.61.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Monday, December 23rd will be given a $0.37 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.76%. Johnson Controls International's dividend payout ratio (DPR) is 58.27%.

Insiders Place Their Bets

In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the company's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the transaction, the chief operating officer now owns 140,488 shares of the company's stock, valued at approximately $10,828,815.04. This represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Oliver sold 170,430 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $83.70, for a total value of $14,264,991.00. Following the completion of the transaction, the chief executive officer now directly owns 1,166,992 shares in the company, valued at $97,677,230.40. This represents a 12.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 740,662 shares of company stock worth $59,869,133 over the last ninety days. Company insiders own 0.69% of the company's stock.

Analysts Set New Price Targets

JCI has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on Johnson Controls International from $84.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Royal Bank of Canada lifted their target price on Johnson Controls International from $81.00 to $86.00 and gave the company a "sector perform" rating in a research note on Thursday, November 7th. StockNews.com downgraded Johnson Controls International from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Bank of America boosted their price objective on Johnson Controls International from $80.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. Finally, Robert W. Baird boosted their price objective on Johnson Controls International from $80.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $78.57.

Johnson Controls International 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.