Chilton Investment Co. Inc. bought a new position in Johnson Controls International plc (NYSE:JCI – Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,030 shares of the company’s stock, valued at approximately $443,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. MTM Investment Management LLC purchased a new position in Johnson Controls International during the second quarter worth about $32,000. Elevation Point Wealth Partners LLC purchased a new stake in Johnson Controls International in the 2nd quarter valued at about $34,000. Physician Wealth Advisors Inc. lifted its position in shares of Johnson Controls International by 62.8% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 319 shares of the company’s stock worth $35,000 after buying an additional 123 shares in the last quarter. Dunhill Financial LLC lifted its position in shares of Johnson Controls International by 123.3% during the 3rd quarter. Dunhill Financial LLC now owns 335 shares of the company’s stock worth $37,000 after buying an additional 185 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of Johnson Controls International in the 2nd quarter worth approximately $42,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.
Johnson Controls International Stock Performance
NYSE JCI opened at $130.17 on Monday. The firm has a market cap of $79.67 billion, a P/E ratio of 24.51, a price-to-earnings-growth ratio of 1.47 and a beta of 1.38. The company has a quick ratio of 0.81, a current ratio of 0.99 and a debt-to-equity ratio of 0.66. The company’s 50 day moving average is $128.43 and its 200-day moving average is $118.49. Johnson Controls International plc has a 12-month low of $68.03 and a 12-month high of $146.49.
Johnson Controls International Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Monday, March 16th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, March 16th. Johnson Controls International’s dividend payout ratio (DPR) is presently 30.13%.
Insider Activity
In related news, Director Mark Vergnano acquired 7,665 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were bought at an average cost of $131.94 per share, for a total transaction of $1,011,320.10. Following the purchase, the director owned 37,602 shares in the company, valued at $4,961,207.88. This trade represents a 25.60% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Todd M. Grabowski sold 6,050 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $134.90, for a total value of $816,145.00. Following the sale, the vice president directly owned 34,836 shares in the company, valued at $4,699,376.40. This trade represents a 14.80% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
JCI has been the subject of several recent analyst reports. Barclays upped their target price on Johnson Controls International from $125.00 to $136.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Mizuho boosted their price objective on Johnson Controls International from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Weiss Ratings restated a “buy (b)” rating on shares of Johnson Controls International in a research note on Thursday, January 22nd. Wolfe Research raised their target price on Johnson Controls International from $149.00 to $161.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Finally, Wall Street Zen upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Twelve equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Johnson Controls International currently has a consensus rating of “Moderate Buy” and an average target price of $135.53.
Read Our Latest Research Report on JCI
Johnson Controls International 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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