Ethic Inc. boosted its stake in Johnson Controls International plc (NYSE:JCI – Free Report) by 7.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 120,882 shares of the company’s stock after buying an additional 7,923 shares during the period. Ethic Inc.’s holdings in Johnson Controls International were worth $13,291,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Indiana Trust & Investment Management Co grew its holdings in Johnson Controls International by 29.9% during the third quarter. Indiana Trust & Investment Management Co now owns 3,650 shares of the company’s stock worth $401,000 after acquiring an additional 840 shares during the period. Founders Grove Wealth Partners LLC boosted its position in shares of Johnson Controls International by 5.0% during the 3rd quarter. Founders Grove Wealth Partners LLC now owns 2,269 shares of the company’s stock valued at $249,000 after purchasing an additional 109 shares in the last quarter. FSM Wealth Advisors LLC acquired a new position in shares of Johnson Controls International in the 3rd quarter worth approximately $235,000. Apollon Wealth Management LLC raised its holdings in shares of Johnson Controls International by 6.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 20,035 shares of the company’s stock worth $2,203,000 after purchasing an additional 1,151 shares in the last quarter. Finally, 180 Wealth Advisors LLC acquired a new stake in Johnson Controls International during the third quarter valued at approximately $223,000. Institutional investors and hedge funds own 90.05% of the company’s stock.
Johnson Controls International Trading Up 0.5%
Shares of NYSE JCI opened at $122.03 on Monday. The business has a 50 day simple moving average of $116.26 and a 200 day simple moving average of $110.01. Johnson Controls International plc has a 52 week low of $68.03 and a 52 week high of $123.78. The stock has a market cap of $74.58 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 1.46 and a beta of 1.41. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.76 and a current ratio of 0.93.
Johnson Controls International Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Monday, December 22nd will be issued a $0.40 dividend. The ex-dividend date is Monday, December 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.3%. Johnson Controls International’s dividend payout ratio is currently 31.43%.
Insider Buying and Selling
In other Johnson Controls International news, VP Lei Zhang Schlitz sold 32,031 shares of the firm’s stock in a transaction dated 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 transaction, the vice president directly owned 66,780 shares in the company, valued at $7,559,496. This trade represents a 32.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
JCI has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Johnson Controls International from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Argus restated a “buy” rating and set a $145.00 price target on shares of Johnson Controls International in a report on Friday, November 7th. Wolfe Research raised their price objective on shares of Johnson Controls International from $135.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, November 13th. The Goldman Sachs Group lowered their price objective on shares of Johnson Controls International from $142.00 to $137.00 and set a “buy” rating on the stock in a research report on Tuesday, December 16th. Finally, UBS Group reaffirmed a “buy” rating and set a $124.00 price objective on shares of Johnson Controls International in a research report on Thursday, November 6th. Ten analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, Johnson Controls International presently has an average rating of “Hold” and a consensus target price of $121.05.
View Our Latest Analysis on JCI
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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