Foundations Investment Advisors LLC Takes Position in Johnson Controls International plc (NYSE:JCI)

Foundations Investment Advisors LLC bought a new position in shares of Johnson Controls International plc (NYSE:JCI) in the 4th quarter, Holdings Channel.com reports. The fund bought 2,547 shares of the company’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp grew its stake in Johnson Controls International by 1.1% during the 3rd quarter. State Street Corp now owns 27,939,766 shares of the company’s stock worth $2,178,595,000 after purchasing an additional 300,712 shares in the last quarter. Fisher Asset Management LLC grew its stake in Johnson Controls International by 3.4% during the 3rd quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company’s stock worth $1,187,084,000 after purchasing an additional 509,293 shares in the last quarter. Geode Capital Management LLC grew its stake in Johnson Controls International by 0.5% during 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Johnson Controls International by 514.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock worth $418,439,000 after purchasing an additional 4,514,792 shares in the last quarter. Finally, Raymond James & Associates grew its stake in Johnson Controls International by 5.6% during the 3rd quarter. Raymond James & Associates now owns 4,735,147 shares of the company’s stock worth $367,495,000 after purchasing an additional 249,405 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, EVP Marlon Sullivan sold 7,230 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the sale, the executive vice president now directly owns 32,246 shares in the company, valued at approximately $2,687,704.10. The trade was a 18.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Oliver sold 110,616 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $84.60, for a total value of $9,358,113.60. Following the completion of the transaction, the chief executive officer now owns 1,244,617 shares of the company’s stock, valued at approximately $105,294,598.20. This represents a 8.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 647,787 shares of company stock worth $53,972,452 in the last quarter. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

JCI has been the subject of several analyst reports. Wells Fargo & Company lowered their target price on 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. Citigroup decreased their price target on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Royal Bank of Canada lifted their price target on Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. decreased their price target on Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $87.20.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $78.00 on Friday. The stock has a market capitalization of $51.49 billion, a PE ratio of 30.71, a price-to-earnings-growth ratio of 2.19 and a beta of 1.32. Johnson Controls International plc has a 52-week low of $52.02 and a 52-week high of $87.16. The stock’s 50-day moving average price is $80.97 and its 200 day moving average price is $76.50. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46.

Johnson Controls International Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s dividend payout ratio (DPR) is presently 58.27%.

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.