Accurate Wealth Management LLC Grows Stake in Johnson Controls International plc (NYSE:JCI)

Accurate Wealth Management LLC boosted its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 18.1% during the 4th quarter, Holdings Channel reports. The firm owned 4,495 shares of the company’s stock after buying an additional 690 shares during the period. Accurate Wealth Management LLC’s holdings in Johnson Controls International were worth $354,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Wealth Alliance purchased a new position in shares of Johnson Controls International in the second quarter worth $241,000. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Johnson Controls International by 4.4% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 22,781 shares of the company’s stock valued at $1,514,000 after acquiring an additional 950 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Johnson Controls International by 19.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 56,962 shares of the company’s stock worth $3,753,000 after purchasing an additional 9,293 shares in the last quarter. Blair William & Co. IL boosted its holdings in shares of Johnson Controls International by 13.2% during the 2nd quarter. Blair William & Co. IL now owns 11,676 shares of the company’s stock valued at $776,000 after purchasing an additional 1,358 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in shares of Johnson Controls International by 83.1% during the second quarter. Hsbc Holdings PLC now owns 582,039 shares of the company’s stock valued at $38,947,000 after purchasing an additional 264,187 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Trading Up 1.1 %

Shares of NYSE JCI opened at $80.34 on Friday. The business’s 50 day moving average price is $82.06 and its 200-day moving average price is $75.55. Johnson Controls International plc has a fifty-two week low of $51.71 and a fifty-two week 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 $53.20 billion, a price-to-earnings ratio of 31.63, a PEG ratio of 2.20 and a beta of 1.32.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, December 23rd will be given a dividend of $0.37 per share. The ex-dividend date is Monday, December 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.84%. Johnson Controls International’s dividend payout ratio (DPR) is 58.27%.

Insider Activity

In other news, CEO George Oliver sold 110,616 shares of Johnson Controls International stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the completion of the sale, the chief executive officer now owns 1,244,617 shares of the company’s stock, valued at approximately $105,294,598.20. The trade was a 8.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Marlon Sullivan sold 7,230 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the transaction, the executive vice president now directly owns 32,246 shares in the company, valued at approximately $2,687,704.10. This trade represents a 18.31 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 647,973 shares of company stock valued at $53,986,862. 0.69% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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 research report on Wednesday, November 20th. UBS Group started coverage on Johnson Controls International in a report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price objective on the stock. Mizuho raised their target price on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Bank of America upped their price target on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating for the company in a research note on Wednesday. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Johnson Controls International has an average rating of “Hold” and a consensus target price of $82.53.

About Johnson Controls International

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.