Petros Family Wealth LLC Invests $342,000 in Johnson Controls International plc (NYSE:JCI)

Petros Family Wealth LLC acquired a new position in Johnson Controls International plc (NYSE:JCI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,327 shares of the company's stock, valued at approximately $342,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC raised its stake in shares of Johnson Controls International by 6.7% in the third quarter. Barclays PLC now owns 1,685,322 shares of the company's stock worth $130,797,000 after acquiring an additional 105,194 shares during the last quarter. Coldstream Capital Management Inc. boosted its position in Johnson Controls International by 13.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 11,020 shares of the company's stock valued at $862,000 after buying an additional 1,327 shares during the last quarter. Sanctuary Advisors LLC increased its stake in shares of Johnson Controls International by 17.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 122,179 shares of the company's stock valued at $10,196,000 after buying an additional 18,452 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Johnson Controls International in the 3rd quarter valued at $5,361,000. Finally, Sfmg LLC acquired a new position in shares of Johnson Controls International during the third quarter valued at $210,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Price Performance

Shares of NYSE:JCI traded down $1.89 during trading on Wednesday, reaching $76.70. 3,346,428 shares of the company traded hands, compared to its average volume of 4,460,273. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 52 week low of $59.83 and a 52 week high of $91.14. The firm has a market capitalization of $50.63 billion, a PE ratio of 29.27, a PEG ratio of 1.96 and a beta of 1.22. The company's 50 day moving average is $82.00 and its two-hundred day moving average is $80.81.

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Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) 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, sell-side analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 annualized dividend and a dividend yield of 1.93%. Johnson Controls International's payout ratio is 56.49%.

Insider Buying and Selling at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total value of $113,361.84. Following the completion of the transaction, the vice president now owns 145,502 shares of the company's stock, valued at $11,599,419.44. This represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO George Oliver sold 162,894 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $89.28, for a total transaction of $14,543,176.32. Following the sale, the chief executive officer now directly owns 1,203,893 shares in the company, valued at $107,483,567.04. The trade was 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 907,286 shares of company stock worth $77,938,071 over the last 90 days. Insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on JCI. Royal Bank of Canada boosted their price objective on Johnson Controls International from $86.00 to $93.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Wells Fargo & Company boosted their price target on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Morgan Stanley lifted their target price on shares of Johnson Controls International from $95.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Melius lowered Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price target on the stock. in a research report on Tuesday, January 28th. Finally, Citigroup reduced their price objective on shares of Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating on the stock in a research note on Monday. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $90.07.

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.