Graypoint LLC Grows Stake in Johnson Controls International plc (NYSE:JCI)

Graypoint LLC grew its holdings in Johnson Controls International plc (NYSE:JCI) by 4.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,277 shares of the company’s stock after buying an additional 130 shares during the quarter. Graypoint LLC’s holdings in Johnson Controls International were worth $259,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd lifted 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 period. Geode Capital Management LLC lifted its stake in shares of Johnson Controls International by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock valued at $1,041,822,000 after purchasing an additional 71,493 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Johnson Controls International in the 3rd quarter valued at approximately $7,692,000. CIBC Asset Management Inc lifted its stake in shares of Johnson Controls International by 6.8% in the 3rd quarter. CIBC Asset Management Inc now owns 117,328 shares of the company’s stock valued at $9,106,000 after purchasing an additional 7,433 shares during the period. Finally, Cerity Partners LLC lifted its stake in shares of Johnson Controls International by 35.9% in the 3rd quarter. Cerity Partners LLC now owns 56,493 shares of the company’s stock valued at $4,385,000 after purchasing an additional 14,925 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

JCI has been the subject of a number of research analyst reports. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. UBS Group initiated coverage on Johnson Controls International in a research note on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price objective for the company. Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research note on Friday, December 20th. Royal Bank of Canada lifted their price objective on Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Finally, Oppenheimer lifted their price objective on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $81.07.

Johnson Controls International Stock Performance

Shares of JCI opened at $78.70 on Monday. 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 one year low of $51.71 and a one year high of $87.16. The firm has a market capitalization of $52.11 billion, a P/E ratio of 30.98, a PEG ratio of 2.31 and a beta of 1.32. The business has a fifty day moving average of $81.89 and a 200 day moving average of $75.34.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Monday, December 23rd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Monday, December 23rd. Johnson Controls International’s payout ratio is currently 58.27%.

Insider Buying and Selling

In related news, EVP Marlon Sullivan sold 7,230 shares of Johnson Controls International 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 transaction, 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 is accessible through the SEC website. Also, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $76.79, for a total value of $8,494,125.85. Following the transaction, the chief executive officer now owns 1,243,751 shares in the company, valued at $95,507,639.29. This trade represents a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 758,588 shares of company stock valued at $62,480,987 over the last 90 days. Company insiders own 0.69% 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.