Whalen Wealth Management Inc. Buys New Position in Johnson Controls International plc (NYSE:JCI)

Whalen Wealth Management Inc. purchased a new stake in Johnson Controls International plc (NYSE:JCI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,829 shares of the company’s stock, valued at approximately $460,000.

A number of other hedge funds have also recently bought and sold shares of the business. Blair William & Co. IL grew its stake in Johnson Controls International by 13.2% in the second quarter. Blair William & Co. IL now owns 11,676 shares of the company’s stock worth $776,000 after purchasing an additional 1,358 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Johnson Controls International by 4.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 9,139 shares of the company’s stock worth $607,000 after purchasing an additional 417 shares during the period. Summit Trail Advisors LLC lifted its position 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 worth $248,000 after buying an additional 163 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Johnson Controls International by 7.3% in the 2nd quarter. ProShare Advisors LLC now owns 93,049 shares of the company’s stock valued at $6,185,000 after buying an additional 6,298 shares during the period. Finally, Frank Rimerman Advisors LLC grew its position in shares of Johnson Controls International by 12,448.9% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 5,898 shares of the company’s stock valued at $392,000 after buying an additional 5,851 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Mizuho increased their target price on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report 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 report on Thursday, December 5th. Robert W. Baird boosted their target price on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Oppenheimer raised their price target on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Johnson Controls International has an average rating of “Hold” and a consensus target price of $82.53.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $82.13 on Thursday. The firm has a market cap of $54.38 billion, a P/E ratio of 32.33, a PEG ratio of 2.36 and a beta of 1.32. 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 fifty-two week low of $52.02 and a fifty-two week high of $87.16. The stock’s 50-day moving average is $81.73 and its two-hundred day moving average is $76.08.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s payout ratio is presently 58.27%.

Insider Buying and Selling

In other Johnson Controls International news, EVP Marlon Sullivan sold 7,230 shares of the 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO George Oliver sold 124,497 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $82.67, for a total transaction of $10,292,166.99. Following the completion of the sale, the chief executive officer now owns 1,267,716 shares of the company’s stock, valued at $104,802,081.72. The trade was a 8.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 647,787 shares of company stock worth $53,972,452. Corporate insiders own 0.69% of the company’s stock.

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.