HB Wealth Management LLC Acquires 3,996 Shares of Johnson Controls International plc (NYSE:JCI)

HB Wealth Management LLC boosted its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 17.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,106 shares of the company’s stock after purchasing an additional 3,996 shares during the quarter. HB Wealth Management LLC’s holdings in Johnson Controls International were worth $2,140,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. State Street Corp boosted its stake in Johnson Controls International by 1.1% during the 3rd quarter. State Street Corp now owns 27,939,766 shares of the company’s stock valued at $2,178,595,000 after purchasing an additional 300,712 shares during the period. Fisher Asset Management LLC boosted its stake in Johnson Controls International by 3.4% during the 3rd quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company’s stock valued at $1,187,084,000 after purchasing an additional 509,293 shares during the period. Geode Capital Management LLC boosted its stake in Johnson Controls International by 0.5% during the 3rd 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Johnson Controls International by 514.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock worth $418,439,000 after acquiring an additional 4,514,792 shares during the period. Finally, Raymond James & Associates lifted its position in shares of Johnson Controls International by 5.6% in the 3rd quarter. Raymond James & Associates now owns 4,735,147 shares of the company’s stock worth $367,495,000 after acquiring an additional 249,405 shares during the period. Institutional investors own 90.05% of the company’s stock.

Insider Transactions at Johnson Controls International

In other news, 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 in the company, valued at $104,802,081.72. The trade was a 8.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction on 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 in the company, valued at $2,687,704.10. This trade represents a 18.31 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 647,787 shares of company stock worth $53,972,452. Corporate insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on JCI shares. Royal Bank of Canada raised their price objective on Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. reduced their price objective on Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Citigroup reduced their price objective on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Finally, Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Friday, December 20th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $82.53.

Johnson Controls International Stock Performance

Shares of NYSE:JCI opened at $81.34 on Monday. The business has a fifty day moving average of $81.96 and a 200-day moving average of $75.76. The firm has a market cap of $53.86 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 2.20 and a beta of 1.32. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. Johnson Controls International plc has a twelve month low of $52.02 and a twelve month high of $87.16.

Johnson Controls International Announces Dividend

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

Johnson Controls International 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.