Johnson Controls International plc (NYSE:JCI) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC grew its position in shares of Johnson Controls International plc (NYSE:JCI) by 101.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 26,517 shares of the company’s stock after purchasing an additional 13,360 shares during the quarter. Park Avenue Securities LLC’s holdings in Johnson Controls International were worth $2,093,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of JCI. Fortitude Family Office LLC lifted its stake in shares of Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after buying an additional 278 shares during the period. Wolff Wiese Magana LLC boosted its holdings in shares of Johnson Controls International by 977.3% during the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after purchasing an additional 430 shares during the last quarter. ST Germain D J Co. Inc. grew its position in shares of Johnson Controls International by 32.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after purchasing an additional 134 shares during the period. Western Pacific Wealth Management LP acquired a new position in Johnson Controls International in the third quarter valued at $44,000. Finally, Friedenthal Financial purchased a new position in Johnson Controls International during the fourth quarter worth about $49,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $81.34 on Friday. The company has a market capitalization of $53.86 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 2.20 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. Johnson Controls International plc has a 1-year low of $52.02 and a 1-year high of $87.16. The business has a 50-day moving average of $82.03 and a 200-day moving average of $75.58.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s dividend payout ratio (DPR) is 58.27%.

Insider Activity

In other Johnson Controls International news, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were 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 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 filing with the SEC, which is available at the SEC website. Also, CEO George Oliver sold 224,152 shares of Johnson Controls International stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total value of $18,541,853.44. Following the sale, the chief executive officer now directly owns 1,166,992 shares in the company, valued at approximately $96,533,578.24. The trade was a 16.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 647,973 shares of company stock worth $53,986,862 over the last 90 days. Company insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on JCI. Wells Fargo & Company dropped their price objective on shares of Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada upped their price target on shares of Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Friday, December 20th. JPMorgan Chase & Co. dropped their price objective on Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Bank of America lifted their target price on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock 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.