Financial Management Professionals Inc. Boosts Stake in Johnson Controls International plc (NYSE:JCI)

Financial Management Professionals Inc. grew its stake in Johnson Controls International plc (NYSE:JCI) by 12.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,199 shares of the company’s stock after buying an additional 898 shares during the period. Financial Management Professionals Inc.’s holdings in Johnson Controls International were worth $647,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in JCI. Fortitude Family Office LLC raised its holdings in shares of Johnson Controls International by 195.8% in the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after buying an additional 278 shares during the last quarter. Wolff Wiese Magana LLC increased its stake in shares of Johnson Controls International by 977.3% in the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after acquiring an additional 430 shares during the period. ST Germain D J Co. Inc. increased its stake in shares of Johnson Controls International by 32.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after acquiring an additional 134 shares during the period. Western Pacific Wealth Management LP acquired a new stake in shares of Johnson Controls International in the third quarter worth $44,000. Finally, Friedenthal Financial acquired a new stake in shares of Johnson Controls International in the fourth quarter worth $49,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

JCI opened at $81.34 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The company has a market cap of $53.86 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 2.20 and a beta of 1.32. Johnson Controls International plc has a 52-week low of $52.02 and a 52-week high of $87.16. The firm’s fifty day simple moving average is $81.96 and its two-hundred day simple moving average is $75.69.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.82%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s payout ratio is 58.27%.

Analyst Ratings Changes

JCI has been the topic of a number of research reports. Bank of America increased their price objective on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Oppenheimer increased their price objective on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Mizuho increased their price objective on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Barclays increased their price objective on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Finally, Citigroup dropped their price target on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Johnson Controls International presently has a consensus rating of “Hold” and a consensus price target of $82.53.

Insider Buying and Selling at Johnson Controls International

In other news, EVP Marlon Sullivan sold 7,230 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the transaction, the executive vice president now directly owns 32,246 shares of the company’s stock, valued at approximately $2,687,704.10. This trade represents a 18.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO George Oliver sold 110,616 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the completion of the transaction, the chief executive officer now directly owns 1,244,617 shares in the company, valued at approximately $105,294,598.20. This represents a 8.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 647,973 shares of company stock valued at $53,986,862 over the last ninety days. Corporate insiders own 0.69% of the company’s stock.

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.