Signal Advisors Wealth LLC Lowers Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Signal Advisors Wealth LLC cut its stake in shares of Johnson Controls International plc (NYSE:JCI) by 13.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,423 shares of the company’s stock after selling 554 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Johnson Controls International were worth $271,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cullen Investment Group LTD. raised its position in Johnson Controls International by 2.8% during the 4th quarter. Cullen Investment Group LTD. now owns 82,902 shares of the company’s stock valued at $6,543,000 after purchasing an additional 2,225 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Johnson Controls International during the fourth quarter valued at $78,000. First Financial Corp IN raised its holdings in shares of Johnson Controls International by 4.0% in the fourth quarter. First Financial Corp IN now owns 9,032 shares of the company’s stock valued at $713,000 after acquiring an additional 345 shares in the last quarter. Miracle Mile Advisors LLC lifted its stake in Johnson Controls International by 8.6% in the fourth quarter. Miracle Mile Advisors LLC now owns 18,479 shares of the company’s stock worth $1,459,000 after acquiring an additional 1,468 shares during the period. Finally, Friedenthal Financial bought a new position in Johnson Controls International during the 4th quarter worth about $49,000. Institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Robert W. Baird boosted their price objective on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Barclays boosted their price target on Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Friday, December 20th. JPMorgan Chase & Co. reduced their target price on shares of Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, UBS Group started coverage on shares of Johnson Controls International in a report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Johnson Controls International currently has a consensus rating of “Hold” and a consensus target price of $82.53.

Johnson Controls International Price Performance

Shares of JCI opened at $79.43 on Thursday. The firm has a market capitalization of $52.60 billion, a PE ratio of 31.27, a price-to-earnings-growth ratio of 2.31 and a beta of 1.32. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. The company’s fifty day moving average price is $82.10 and its 200-day moving average price is $75.52. Johnson Controls International plc has a 1-year low of $51.71 and a 1-year high of $87.16.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, December 23rd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Monday, December 23rd. Johnson Controls International’s dividend payout ratio is presently 58.27%.

Insider Transactions at Johnson Controls International

In other news, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the sale, the executive vice president now directly owns 32,246 shares of the company’s stock, valued at $2,687,704.10. This represents a 18.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Oliver sold 224,152 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the transaction, the chief executive officer now directly owns 1,166,992 shares of the company’s stock, valued at approximately $96,533,578.24. This trade represents a 16.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 647,973 shares of company stock worth $53,986,862 over the last three months. 0.69% of the stock is currently 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.