IFP Advisors Inc Buys 1,014 Shares of Johnson Controls International plc (NYSE:JCI)

IFP Advisors Inc lifted its stake in Johnson Controls International plc (NYSE:JCI) by 22.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,540 shares of the company’s stock after purchasing an additional 1,014 shares during the period. IFP Advisors Inc’s holdings in Johnson Controls International were worth $440,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Park Avenue Securities LLC boosted its position in shares of Johnson Controls International by 101.5% in the 4th quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock worth $2,093,000 after purchasing an additional 13,360 shares during the last quarter. Certuity LLC bought a new position in shares of Johnson Controls International in the 4th quarter worth $243,000. Y Intercept Hong Kong Ltd boosted its position in shares of Johnson Controls International by 136.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock worth $7,082,000 after purchasing an additional 52,719 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Johnson Controls International by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock worth $1,041,822,000 after purchasing an additional 71,493 shares during the last quarter. Finally, BNC Wealth Management LLC bought a new position in shares of Johnson Controls International in the 4th quarter worth $2,093,000. 90.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on JCI. Barclays lifted their target price on Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Morgan Stanley lifted their target price on Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Oppenheimer lifted their target price on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Melius lowered Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price on the stock. in a report on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Johnson Controls International currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.13.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $85.68 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The stock’s 50-day moving average is $82.43 and its 200-day moving average is $79.07. The firm has a market cap of $56.56 billion, a price-to-earnings ratio of 32.70, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a one year low of $59.11 and a one year high of $91.14.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. Equities analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s dividend payout ratio is currently 56.49%.

Insider Activity at Johnson Controls International

In related news, CEO George Oliver sold 129,263 shares of Johnson Controls International stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $83.55, for a total value of $10,799,923.65. Following the sale, the chief executive officer now owns 1,203,893 shares of the company’s stock, valued at approximately $100,585,260.15. The trade was a 9.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the sale, the vice president now directly owns 148,346 shares in the company, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 837,963 shares of company stock valued at $72,883,012. 0.54% of the stock is owned by insiders.

Johnson Controls International Company 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.