Outlook Wealth Advisors LLC Increases Stake in Johnson Controls International plc (NYSE:JCI)

Outlook Wealth Advisors LLC raised its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,489 shares of the company’s stock after purchasing an additional 217 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Johnson Controls International were worth $749,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd boosted its holdings in Johnson Controls International by 136.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock worth $7,082,000 after buying an additional 52,719 shares during the period. Geode Capital Management LLC lifted its position in Johnson Controls International by 0.5% during the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock valued at $1,041,822,000 after purchasing an additional 71,493 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Johnson Controls International in the 3rd quarter worth approximately $7,692,000. CIBC Asset Management Inc increased its holdings in shares of Johnson Controls International by 6.8% in the 3rd quarter. CIBC Asset Management Inc now owns 117,328 shares of the company’s stock worth $9,106,000 after buying an additional 7,433 shares during the last quarter. Finally, Cerity Partners LLC raised its position in shares of Johnson Controls International by 35.9% during the 3rd quarter. Cerity Partners LLC now owns 56,493 shares of the company’s stock valued at $4,385,000 after buying an additional 14,925 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Price Performance

Shares of JCI opened at $79.43 on Thursday. The company has a market capitalization of $52.60 billion, a P/E ratio of 31.27, a price-to-earnings-growth ratio of 2.20 and a beta of 1.32. Johnson Controls International plc has a twelve month low of $51.71 and a twelve month high of $87.16. 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 firm has a 50 day moving average of $82.10 and a 200 day moving average of $75.52.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, December 23rd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Monday, December 23rd. Johnson Controls International’s dividend payout ratio is currently 58.27%.

Insider Activity

In other news, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total transaction of $602,620.50. Following the completion of the sale, the executive vice president now owns 32,246 shares of the company’s stock, valued at $2,687,704.10. This represents a 18.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO George Oliver sold 110,616 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the sale, the chief executive officer now owns 1,244,617 shares of the company’s stock, valued at $105,294,598.20. This trade 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. 0.69% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on JCI shares. Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Friday, December 20th. JPMorgan Chase & Co. cut their price target on shares of Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday. UBS Group initiated coverage on Johnson Controls International in a report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price objective on the stock. Royal Bank of Canada boosted their target price on 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. Finally, Citigroup reduced their price target on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Monday. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $82.53.

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.