Pacer Advisors Inc. grew its position in shares of Johnson Controls International plc (NYSE:JCI – Free Report) by 12.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 89,738 shares of the company’s stock after acquiring an additional 10,100 shares during the quarter. Pacer Advisors Inc.’s holdings in Johnson Controls International were worth $9,867,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new position in Johnson Controls International during the 2nd quarter valued at about $28,000. MTM Investment Management LLC bought a new stake in shares of Johnson Controls International during the second quarter valued at approximately $32,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Johnson Controls International during the second quarter valued at approximately $34,000. Hilltop National Bank acquired a new position in shares of Johnson Controls International during the second quarter worth approximately $35,000. Finally, Activest Wealth Management grew its holdings in Johnson Controls International by 56.4% in the 1st quarter. Activest Wealth Management now owns 369 shares of the company’s stock worth $30,000 after buying an additional 133 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.
Johnson Controls International Price Performance
NYSE:JCI opened at $122.03 on Monday. Johnson Controls International plc has a 52-week low of $68.03 and a 52-week high of $123.78. The company has a quick ratio of 0.76, a current ratio of 0.93 and a debt-to-equity ratio of 0.66. The firm has a market cap of $74.58 billion, a P/E ratio of 23.97, a PEG ratio of 1.46 and a beta of 1.41. The business’s 50-day moving average price is $116.26 and its 200 day moving average price is $110.01.
Johnson Controls International Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 22nd will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $1.60 annualized dividend and a dividend yield of 1.3%. Johnson Controls International’s dividend payout ratio is currently 31.43%.
Insider Activity at Johnson Controls International
In other news, VP Lei Zhang Schlitz sold 32,031 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $113.20, for a total transaction of $3,625,909.20. Following the completion of the sale, the vice president directly owned 66,780 shares of the company’s stock, valued at $7,559,496. This trade represents a 32.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.54% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on JCI shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a research note on Wednesday, October 8th. UBS Group restated a “buy” rating and set a $124.00 price objective on shares of Johnson Controls International in a research note on Thursday, November 6th. Citigroup upped their price objective on shares of Johnson Controls International from $112.00 to $119.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. JPMorgan Chase & Co. raised their target price on shares of Johnson Controls International from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Finally, Royal Bank Of Canada boosted their price target on shares of Johnson Controls International from $116.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 6th. Ten investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, Johnson Controls International has a consensus rating of “Hold” and an average target price of $121.05.
Get Our Latest Stock Analysis on Johnson Controls International
Johnson Controls International Company Profile
Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.
Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.
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