Mizuho Securities USA LLC Increases Holdings in Johnson Controls International plc (NYSE:JCI)

Mizuho Securities USA LLC raised its holdings in Johnson Controls International plc (NYSE:JCI) by 255.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 184,494 shares of the company’s stock after buying an additional 132,547 shares during the quarter. Mizuho Securities USA LLC’s holdings in Johnson Controls International were worth $14,319,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in JCI. Fortitude Family Office LLC boosted its holdings in Johnson Controls International by 195.8% in the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after acquiring an additional 278 shares in the last quarter. Continuum Advisory LLC boosted its stake in shares of Johnson Controls International by 65.2% during the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares in the last quarter. Wolff Wiese Magana LLC boosted its stake in shares of Johnson Controls International by 977.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after purchasing an additional 430 shares in the last quarter. Western Pacific Wealth Management LP purchased a new position in shares of Johnson Controls International during the third quarter valued at about $44,000. Finally, Hexagon Capital Partners LLC lifted its holdings in Johnson Controls International by 39.7% in the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $47,000 after buying an additional 202 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JCI has been the topic of a number of research analyst reports. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Oppenheimer upped their price target on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company raised 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. Morgan Stanley began coverage on shares of Johnson Controls International in a research report on Friday, September 6th. They issued an “overweight” rating and a $85.00 target price on the stock. Finally, The Goldman Sachs Group lifted their price target on shares of Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Twelve research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Johnson Controls International currently has an average rating of “Hold” and an average price target of $77.21.

Insider Activity at Johnson Controls International

In other news, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total transaction of $231,240.00. Following the transaction, the chief operating officer now owns 140,488 shares in the company, valued at $10,828,815.04. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the transaction, the chief executive officer now owns 1,243,751 shares in the company, valued at $90,383,385.17. This trade represents a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 226,141 shares of company stock worth $16,904,519. 0.69% of the stock is owned by insiders.

Johnson Controls International Stock Down 0.9 %

JCI opened at $84.40 on Friday. Johnson Controls International plc has a twelve month low of $51.40 and a twelve month high of $87.16. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average price of $76.84 and a 200-day moving average price of $71.69. The stock has a market capitalization of $56.38 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 2.36 and a beta of 1.29.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s payout ratio is currently 58.27%.

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.