World Investment Advisors LLC Takes Position in Johnson Controls International plc (NYSE:JCI)

World Investment Advisors LLC purchased a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 69,080 shares of the company's stock, valued at approximately $5,361,000.

A number of other hedge funds have also recently added to or reduced their stakes in JCI. Metis Global Partners LLC lifted its stake in Johnson Controls International by 0.4% in the third 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 last quarter. Brooklyn Investment Group lifted its stake in shares of Johnson Controls International by 3.5% in the 3rd quarter. Brooklyn Investment Group now owns 4,309 shares of the company's stock valued at $334,000 after purchasing an additional 144 shares during the last quarter. Summit Trail Advisors LLC lifted its stake in shares of Johnson Controls International by 4.6% in the 2nd quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company's stock valued at $248,000 after purchasing an additional 163 shares during the last quarter. Miracle Mile Advisors LLC boosted its holdings in Johnson Controls International by 1.0% in the third quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company's stock worth $1,320,000 after purchasing an additional 163 shares in the last quarter. Finally, Berry Wealth Group LP increased its position in Johnson Controls International by 0.7% during the third quarter. Berry Wealth Group LP now owns 25,978 shares of the company's stock worth $2,016,000 after buying an additional 177 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Johnson Controls International Stock Performance

Shares of NYSE JCI traded down $0.41 during mid-day trading on Friday, hitting $82.92. The company had a trading volume of 965,409 shares, compared to its average volume of 4,794,261. Johnson Controls International plc has a 12 month low of $51.71 and a 12 month high of $87.16. The firm has a market cap of $54.91 billion, a P/E ratio of 32.81, a PEG ratio of 2.35 and a beta of 1.31. The business's 50-day simple moving average is $80.46 and its 200-day simple moving average is $73.82. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, December 23rd will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Monday, December 23rd. Johnson Controls International's dividend payout ratio is presently 58.27%.

Insider Activity at Johnson Controls International

In related news, EVP Marlon Sullivan sold 7,230 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the completion of the transaction, the executive vice president now owns 32,246 shares in the company, valued at $2,687,704.10. This trade represents a 18.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Oliver sold 110,615 shares of the company's stock in a transaction on 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 completion of the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at $90,383,385.17. This trade represents a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 872,389 shares of company stock worth $70,763,920. 0.69% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. StockNews.com cut Johnson Controls International from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Robert W. Baird boosted their target price on Johnson Controls International from $80.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Morgan Stanley initiated coverage on Johnson Controls International in a report on Friday, September 6th. They set an "overweight" rating and a $85.00 price target on the stock. Mizuho lifted their price target on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Finally, Bank of America upped their price objective 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. Twelve investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Johnson Controls International currently has an average rating of "Hold" and a consensus price target of $78.57.

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.