Kestra Private Wealth Services LLC Increases Position in Johnson Controls International plc (NYSE:JCI)

Kestra Private Wealth Services LLC increased its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 10.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,369 shares of the company's stock after purchasing an additional 7,144 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Johnson Controls International were worth $5,791,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Fortitude Family Office LLC lifted its position in Johnson Controls International by 195.8% in the third quarter. Fortitude Family Office LLC now owns 420 shares of the company's stock valued at $33,000 after acquiring an additional 278 shares during the last quarter. Wolff Wiese Magana LLC increased its position in shares of Johnson Controls International by 977.3% during the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company's stock worth $37,000 after purchasing an additional 430 shares in the last quarter. Synergy Asset Management LLC purchased a new stake in shares of Johnson Controls International in the 4th quarter valued at about $42,000. ST Germain D J Co. Inc. boosted 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 valued at $43,000 after purchasing an additional 134 shares during the period. Finally, Western Pacific Wealth Management LP purchased a new position in Johnson Controls International during the 3rd quarter worth approximately $44,000. Hedge funds and other institutional investors own 90.05% of the company's stock.

Analysts Set New Price Targets

JCI has been the subject of a number of research reports. Oppenheimer boosted their price objective on Johnson Controls International from $86.00 to $87.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Melius Research reiterated a "hold" rating and issued a $95.00 price target on shares of Johnson Controls International in a research report on Tuesday, January 28th. Argus raised shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 price objective on the stock in a research report on Friday, December 20th. UBS Group raised shares of Johnson Controls International from a "neutral" rating to a "buy" rating and upped their target price for the company from $90.00 to $103.00 in a report on Monday. Finally, JPMorgan Chase & Co. raised their price target on Johnson Controls International from $87.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $91.13.

Insider Activity at Johnson Controls International

In related news, CEO George Oliver sold 224,152 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total value of $18,541,853.44. Following the sale, the chief executive officer now directly owns 1,166,992 shares of the company's stock, valued at approximately $96,533,578.24. This represents a 16.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the transaction, the vice president now owns 148,346 shares of the company's stock, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,061,494 shares of company stock valued at $90,587,400 in the last ninety days. Corporate insiders own 0.54% of the company's stock.

Johnson Controls International Price Performance

JCI stock traded down $0.51 on Thursday, reaching $88.52. 3,231,697 shares of the company's stock were exchanged, compared to its average volume of 4,707,748. The stock has a fifty day moving average of $81.29 and a 200-day moving average of $77.47. The firm has a market cap of $58.44 billion, a PE ratio of 33.79, a P/E/G ratio of 2.48 and a beta of 1.32. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a twelve month low of $55.07 and a twelve month high of $89.95.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share 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%. As a group, equities analysts predict that Johnson Controls International plc will post 3.52 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Monday, December 23rd. Johnson Controls International's dividend payout ratio is currently 56.49%.

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.