Chicago Partners Investment Group LLC Takes $233,000 Position in Johnson Controls International plc (NYSE:JCI)

Chicago Partners Investment Group LLC purchased a new stake in shares of Johnson Controls International plc (NYSE:JCI) in the fourth quarter, Holdings Channel.com reports. The fund purchased 2,909 shares of the company’s stock, valued at approximately $233,000.

Other institutional investors have also made changes to their positions in the company. Park Avenue Securities LLC lifted its stake in shares of Johnson Controls International by 101.5% during the fourth quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock valued at $2,093,000 after acquiring an additional 13,360 shares during the period. Y Intercept Hong Kong Ltd boosted its stake in shares of Johnson Controls International by 136.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock valued at $7,082,000 after purchasing an additional 52,719 shares during the last quarter. Geode Capital Management LLC grew its position in shares of 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 buying an additional 71,493 shares during the period. BNC Wealth Management LLC bought a new stake in shares of Johnson Controls International during the fourth quarter worth approximately $2,093,000. Finally, International Assets Investment Management LLC acquired a new position in Johnson Controls International in the third quarter valued at approximately $7,692,000. 90.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on JCI shares. Mizuho raised their target price on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Melius Research reissued a “hold” rating and set a $95.00 price target on shares of Johnson Controls International in a research report on Tuesday, January 28th. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a report on Friday, December 20th. Barclays boosted their price objective on shares of Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Finally, Citigroup cut their price target on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $87.20.

Johnson Controls International Price Performance

JCI opened at $86.09 on Thursday. The business’s fifty day simple moving average is $80.72 and its 200-day simple moving average is $76.69. The company has a market capitalization of $56.83 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 2.24 and a beta of 1.32. Johnson Controls International plc has a 12-month low of $52.79 and a 12-month high of $88.90. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 14.51% and a net margin of 6.49%. On average, equities research analysts anticipate that Johnson Controls International plc will post 3.45 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.72%. Johnson Controls International’s dividend payout ratio (DPR) is presently 58.27%.

Insider Activity at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,421 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the sale, the vice president now directly owns 148,346 shares in the company, valued at $11,339,568.24. The trade was a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO George Oliver sold 110,616 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the transaction, the chief executive officer now owns 1,244,617 shares of the company’s stock, valued at $105,294,598.20. This represents a 8.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 649,208 shares of company stock worth $54,081,073 over the last three months. Company insiders own 0.54% of the company’s stock.

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.