Quarry LP Boosts Stake in Johnson Controls International plc (NYSE:JCI)

Quarry LP raised its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 696.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,382 shares of the company's stock after buying an additional 6,455 shares during the quarter. Quarry LP's holdings in Johnson Controls International were worth $573,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in JCI. Fortitude Family Office LLC grew 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. Continuum Advisory LLC increased its position in Johnson Controls International by 65.2% during the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company's stock worth $35,000 after purchasing an additional 208 shares in the last quarter. Wolff Wiese Magana LLC increased its position in Johnson Controls International by 977.3% during the 3rd 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. Western Pacific Wealth Management LP bought a new position in Johnson Controls International in the 3rd quarter valued at approximately $44,000. Finally, Hexagon Capital Partners LLC boosted its position in Johnson Controls International by 39.7% in the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company's stock valued at $47,000 after buying an additional 202 shares in the last quarter. Institutional investors own 90.05% of the company's stock.

Johnson Controls International Stock Down 0.3 %

Shares of Johnson Controls International stock traded down $0.24 during trading on Thursday, reaching $83.55. 1,249,054 shares of the company traded hands, compared to its average volume of 4,829,993. Johnson Controls International plc has a 1-year low of $51.70 and a 1-year high of $87.16. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. The firm has a market capitalization of $55.33 billion, a PE ratio of 32.84, a P/E/G ratio of 2.30 and a beta of 1.31. The company has a 50 day moving average price of $79.63 and a 200-day moving average price of $73.37.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were issued a dividend of $0.37 per share. The ex-dividend date was Wednesday, September 25th. This represents a $1.48 annualized dividend and a dividend yield of 1.77%. Johnson Controls International's dividend payout ratio is 58.27%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on JCI. Bank of America upped their price target on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, September 27th. Morgan Stanley began coverage on Johnson Controls International in a research report on Friday, September 6th. They issued an "overweight" rating and a $85.00 target price for the company. Oppenheimer boosted their price target on Johnson Controls International from $86.00 to $87.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. StockNews.com lowered shares of Johnson Controls International from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Finally, Mizuho boosted their target price on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $78.57.

Insider Transactions at Johnson Controls International

In related news, CEO George Oliver sold 110,615 shares of the firm's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the transaction, the chief executive officer now owns 1,243,751 shares of the company's stock, valued at approximately $90,383,385.17. This trade represents a 8.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction dated Tuesday, October 1st. The shares were 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 $10,828,815.04. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 740,662 shares of company stock valued at $59,869,133 over the last ninety days. 0.69% of the stock is owned by company insiders.

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.