Resonant Capital Advisors LLC increased its stake in shares of Johnson Controls International plc (NYSE:JCI – Free Report) by 16.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,518 shares of the company’s stock after purchasing an additional 636 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Johnson Controls International were worth $479,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of JCI. Vanguard Group Inc. grew its position in shares of Johnson Controls International by 0.4% during the first quarter. Vanguard Group Inc. now owns 68,444,686 shares of the company’s stock worth $5,483,104,000 after buying an additional 288,576 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Johnson Controls International by 2.5% during the first quarter. Raymond James Financial Inc. now owns 7,378,331 shares of the company’s stock worth $591,078,000 after purchasing an additional 178,169 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Johnson Controls International by 3.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,354,069 shares of the company’s stock worth $509,024,000 after purchasing an additional 185,476 shares in the last quarter. Amundi grew its stake in shares of Johnson Controls International by 22.2% during the first quarter. Amundi now owns 4,731,377 shares of the company’s stock worth $366,412,000 after purchasing an additional 860,899 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Johnson Controls International by 6.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,178,516 shares of the company’s stock worth $254,631,000 after purchasing an additional 198,817 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.
Johnson Controls International Stock Up 2.2%
Shares of NYSE:JCI opened at $113.04 on Monday. The stock has a market cap of $73.97 billion, a P/E ratio of 33.54, a P/E/G ratio of 1.69 and a beta of 1.33. The firm has a fifty day moving average price of $107.85 and a 200 day moving average price of $101.69. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. Johnson Controls International plc has a 1-year low of $68.03 and a 1-year high of $113.38.
Johnson Controls International Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, September 22nd were issued a dividend of $0.40 per share. This is a boost from Johnson Controls International’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, September 22nd. Johnson Controls International’s dividend payout ratio is 47.48%.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on JCI. Royal Bank Of Canada upped their price objective on Johnson Controls International from $114.00 to $116.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 16th. Zacks Research raised Johnson Controls International to a “hold” rating in a report on Monday, August 11th. Wolfe Research upped their target price on shares of Johnson Controls International from $132.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, September 12th. Morgan Stanley upped their target price on shares of Johnson Controls International from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Johnson Controls International in a research note on Saturday. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $113.41.
Read Our Latest Analysis on Johnson Controls International
Insider Buying and Selling at Johnson Controls International
In related news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total transaction of $149,395.32. Following the completion of the sale, the vice president directly owned 139,459 shares of the company’s stock, valued at $14,651,562.54. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $625,604.41. Following the sale, the vice president directly owned 25,005 shares of the company’s stock, valued at approximately $2,643,778.65. This represents a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,761 shares of company stock valued at $922,447. Corporate insiders own 0.54% 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.
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