Lyell Wealth Management LP Makes New $265,000 Investment in Johnson Controls International plc (NYSE:JCI)

Lyell Wealth Management LP bought a new stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,363 shares of the company's stock, valued at approximately $265,000.

A number of other institutional investors have also recently modified their holdings of JCI. State Street Corp raised its holdings in shares of Johnson Controls International by 1.1% during the 3rd quarter. State Street Corp now owns 27,939,766 shares of the company's stock worth $2,178,595,000 after buying an additional 300,712 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Johnson Controls International by 3.4% in the 3rd quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company's stock worth $1,187,084,000 after purchasing an additional 509,293 shares in the last quarter. Geode Capital Management LLC increased its holdings in Johnson Controls International by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company's stock worth $1,041,822,000 after purchasing an additional 71,493 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Johnson Controls International by 514.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company's stock worth $418,439,000 after purchasing an additional 4,514,792 shares in the last quarter. Finally, abrdn plc increased its holdings in Johnson Controls International by 6.1% in the 3rd quarter. abrdn plc now owns 1,974,268 shares of the company's stock worth $152,157,000 after purchasing an additional 112,955 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

Insider Transactions at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 1,950 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $87.73, for a total value of $171,073.50. Following the transaction, the vice president now directly owns 24,803 shares of the company's stock, valued at approximately $2,175,967.19. This represents a 7.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO George Oliver sold 162,894 shares of the company's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $89.28, for a total value of $14,543,176.32. Following the completion of the sale, the chief executive officer now owns 1,203,893 shares of the company's stock, valued at $107,483,567.04. This trade represents a 11.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 719,004 shares of company stock valued at $62,950,067 in the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on JCI. Citigroup lowered their target price on Johnson Controls International from $85.00 to $84.00 and set a "neutral" rating for the company in a report on Monday, January 13th. Wells Fargo & Company upped their target price on Johnson Controls International from $92.00 to $98.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Barclays increased their price target 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. UBS Group raised Johnson Controls International from a "neutral" rating to a "buy" rating and increased their price target for the company from $90.00 to $103.00 in a research note on Monday, February 10th. Finally, Melius Research reissued a "hold" rating and issued a $95.00 price target on shares of Johnson Controls International in a research note on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $91.13.

Johnson Controls International Stock Down 4.5 %

Shares of JCI stock traded down $4.02 during midday trading on Friday, reaching $84.82. 2,632,852 shares of the stock were exchanged, compared to its average volume of 4,444,805. Johnson Controls International plc has a 1 year low of $57.78 and a 1 year high of $91.14. The company's 50 day moving average is $82.01 and its two-hundred day moving average is $78.25. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The firm has a market cap of $55.99 billion, a PE ratio of 32.36, a price-to-earnings-growth ratio of 1.99 and a beta of 1.32.

Johnson Controls International (NYSE:JCI - Get Free Report) last posted its 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 return on equity of 15.11% and a net margin of 6.83%. On average, equities research analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

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 given a $0.37 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.74%. 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.