Wealthfront Advisers LLC Raises Stock Position in Johnson Controls International plc (NYSE:JCI)

Wealthfront Advisers LLC lifted its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 27.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,723 shares of the company's stock after acquiring an additional 4,496 shares during the quarter. Wealthfront Advisers LLC's holdings in Johnson Controls International were worth $1,636,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Nations Financial Group Inc. IA ADV bought a new position in shares of Johnson Controls International during the third quarter valued at approximately $324,000. Apollon Wealth Management LLC lifted its holdings in Johnson Controls International by 21.6% during the third quarter. Apollon Wealth Management LLC now owns 19,977 shares of the company's stock worth $1,550,000 after buying an additional 3,554 shares during the period. Harbour Investments Inc. boosted its position in Johnson Controls International by 12.7% during the 3rd quarter. Harbour Investments Inc. now owns 2,866 shares of the company's stock valued at $222,000 after acquiring an additional 322 shares in the last quarter. Simmons Bank purchased a new position in shares of Johnson Controls International in the 3rd quarter valued at $225,000. Finally, Metis Global Partners LLC increased its holdings in shares of Johnson Controls International by 0.4% in the 3rd quarter. Metis Global Partners LLC now owns 28,446 shares of the company's stock valued at $2,208,000 after acquiring an additional 127 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of equities research analysts recently weighed in on JCI shares. Wells Fargo & Company raised their price objective on Johnson Controls International from $92.00 to $98.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Morgan Stanley lifted their price objective on shares of Johnson Controls International from $95.00 to $105.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Barclays decreased their target price on shares of Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating for the company in a research report on Monday, March 10th. JPMorgan Chase & Co. lifted their price target on shares of Johnson Controls International from $87.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, Melius Research reiterated a "hold" rating and set a $95.00 price objective on shares of Johnson Controls International in a report on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.27.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock traded up $1.30 on Wednesday, reaching $82.91. 4,471,570 shares of the stock were exchanged, compared to its average volume of 4,167,369. The business has a 50 day moving average price of $82.50 and a two-hundred day moving average price of $79.93. The firm has a market capitalization of $54.73 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a twelve month low of $59.83 and a twelve month high of $91.14. 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 (NYSE:JCI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. Analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.79%. Johnson Controls International's payout ratio is currently 56.49%.

Insider Activity

In related news, CEO George Oliver sold 205,168 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the sale, the chief executive officer now directly owns 1,260,527 shares of the company's stock, valued at approximately $110,964,191.81. This represents a 14.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the firm's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the sale, the vice president now owns 24,803 shares in the company, valued at approximately $2,175,967.19. This represents a 7.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 906,050 shares of company stock valued at $77,839,329 in the last quarter. 0.54% of the stock is currently owned by company insiders.

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.