Wedmont Private Capital Purchases 600 Shares of Johnson Controls International plc (NYSE:JCI)

Wedmont Private Capital lifted its position in Johnson Controls International plc (NYSE:JCI) by 8.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,388 shares of the company’s stock after purchasing an additional 600 shares during the period. Wedmont Private Capital’s holdings in Johnson Controls International were worth $581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of JCI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Johnson Controls International by 514.9% in the third 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 during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Johnson Controls International by 686.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock worth $295,487,000 after purchasing an additional 3,880,146 shares during the period. Point72 Asset Management L.P. boosted its holdings in shares of Johnson Controls International by 263.9% in the second quarter. Point72 Asset Management L.P. now owns 1,341,919 shares of the company’s stock worth $89,197,000 after buying an additional 973,145 shares during the last quarter. Electron Capital Partners LLC grew its position in Johnson Controls International by 81.3% during the second quarter. Electron Capital Partners LLC now owns 1,432,335 shares of the company’s stock valued at $95,207,000 after buying an additional 642,315 shares during the period. Finally, Interval Partners LP increased its holdings in Johnson Controls International by 601.5% during the second quarter. Interval Partners LP now owns 676,676 shares of the company’s stock valued at $44,979,000 after buying an additional 580,212 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

Shares of NYSE JCI opened at $80.19 on Wednesday. The company has a market cap of $53.10 billion, a P/E ratio of 31.57, a P/E/G ratio of 2.31 and a beta of 1.32. Johnson Controls International plc has a 52-week low of $51.71 and a 52-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 firm’s fifty day moving average is $82.10 and its two-hundred day moving average is $75.52.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, December 23rd will be issued a $0.37 dividend. The ex-dividend date is Monday, December 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.85%. Johnson Controls International’s dividend payout ratio (DPR) is 58.27%.

Analysts Set New Price Targets

JCI has been the topic of several analyst reports. Mizuho lifted their price target on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Royal Bank of Canada lifted their target price on Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Barclays upped their price target on Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Robert W. Baird boosted their price objective on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Bank of America raised their target price on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $82.21.

Insider Buying and Selling

In other news, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $2,687,704.10. This represents a 18.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Oliver sold 124,497 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $82.67, for a total transaction of $10,292,166.99. Following the completion of the transaction, the chief executive officer now directly owns 1,267,716 shares of the company’s stock, valued at approximately $104,802,081.72. This trade represents a 8.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 647,973 shares of company stock worth $53,986,862. Corporate 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.