Johnson Controls International plc (NYSE:JCI) Shares Purchased by Avestar Capital LLC

Avestar Capital LLC boosted its stake in shares of Johnson Controls International plc (NYSE:JCI) by 17.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 7,643 shares of the company’s stock after purchasing an additional 1,117 shares during the quarter. Avestar Capital LLC’s holdings in Johnson Controls International were worth $593,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in JCI. Fortitude Family Office LLC increased its stake in Johnson Controls International by 195.8% in the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after purchasing an additional 278 shares in the last quarter. Wolff Wiese Magana LLC increased its position 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 valued at $37,000 after buying an additional 430 shares in the last quarter. Continuum Advisory LLC raised its stake in shares of 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 buying an additional 208 shares during the last quarter. Western Pacific Wealth Management LP acquired a new position in shares of Johnson Controls International during the 3rd quarter worth $44,000. Finally, Friedenthal Financial acquired a new stake in Johnson Controls International in the 2nd quarter valued at about $47,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $76.79, for a total value of $8,494,125.85. Following the completion of the sale, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at $95,507,639.29. This trade represents a 8.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total transaction of $84,899.25. Following the transaction, the chief operating officer now directly owns 143,488 shares in the company, valued at approximately $10,438,752. The trade was a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 741,829 shares of company stock valued at $59,952,007 over the last ninety days. Corporate insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

JCI has been the subject of several recent research reports. Wells Fargo & Company raised their target price on shares of Johnson Controls International from $84.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Oppenheimer lifted their price objective on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Robert W. Baird increased their target price on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. UBS Group started coverage on Johnson Controls International in a report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price target for the company. Finally, Royal Bank of Canada boosted their target price on shares of Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Twelve equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $77.21.

Johnson Controls International Stock Performance

Shares of NYSE:JCI opened at $83.75 on Wednesday. The business has a 50-day moving average of $78.57 and a two-hundred day moving average of $72.74. The firm has a market capitalization of $55.46 billion, a PE ratio of 32.97, a P/E/G ratio of 2.33 and a beta of 1.29. 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 plc has a 12 month low of $51.70 and a 12 month high of $87.16.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a yield of 1.77%. Johnson Controls International’s dividend payout ratio (DPR) is 58.27%.

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.