Patton Albertson Miller Group LLC Takes Position in Johnson Controls International plc (NYSE:JCI)

Patton Albertson Miller Group LLC purchased a new stake in shares of Johnson Controls International plc (NYSE:JCI) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 2,902 shares of the company’s stock, valued at approximately $225,000.

Several other institutional investors have also recently made changes to their positions in JCI. Metis Global Partners LLC raised its position in Johnson Controls International by 0.4% during the third quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock valued at $2,208,000 after acquiring an additional 127 shares in the last quarter. Summit Trail Advisors LLC raised its position in Johnson Controls International by 4.6% during the second quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock valued at $248,000 after acquiring an additional 163 shares in the last quarter. Miracle Mile Advisors LLC increased its position in shares of Johnson Controls International by 1.0% in the third quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company’s stock valued at $1,320,000 after buying an additional 163 shares in the last quarter. Berry Wealth Group LP increased its position in shares of Johnson Controls International by 0.7% in the third quarter. Berry Wealth Group LP now owns 25,978 shares of the company’s stock valued at $2,016,000 after buying an additional 177 shares in the last quarter. Finally, Commerce Bank increased its position in shares of Johnson Controls International by 0.8% in the third quarter. Commerce Bank now owns 22,984 shares of the company’s stock valued at $1,784,000 after buying an additional 186 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Oppenheimer boosted their price objective on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Morgan Stanley assumed coverage on Johnson Controls International in a research report on Friday, September 6th. They issued an “overweight” rating and a $85.00 price objective for the company. UBS Group assumed coverage on Johnson Controls International in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price objective for the company. Finally, Wells Fargo & Company boosted their price objective on Johnson Controls International from $84.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Johnson Controls International has an average rating of “Hold” and an average price target of $77.21.

Johnson Controls International Stock Up 0.5 %

NYSE JCI opened at $83.75 on Wednesday. The business has a fifty day moving average price of $78.57 and a 200 day moving average price of $72.74. Johnson Controls International plc has a one year low of $51.70 and a one year high of $87.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. The company has a market cap of $55.46 billion, a P/E ratio of 32.97, a P/E/G ratio of 2.33 and a beta of 1.29.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s payout ratio is currently 58.27%.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $90,383,385.17. This represents a 8.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total value of $84,899.25. Following the completion of the sale, the chief operating officer now owns 143,488 shares of the company’s stock, valued at approximately $10,438,752. The trade was a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 741,829 shares of company stock worth $59,952,007 in the last three months. 0.69% of the stock is owned by corporate insiders.

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.