Procyon Advisors LLC Grows Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Procyon Advisors LLC raised its position in shares of Johnson Controls International plc (NYSE:JCI) by 13.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,439 shares of the company’s stock after acquiring an additional 416 shares during the period. Procyon Advisors LLC’s holdings in Johnson Controls International were worth $271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JCI. Fortitude Family Office LLC raised its holdings in shares of Johnson Controls International by 195.8% in the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after buying an additional 278 shares during the period. Wolff Wiese Magana LLC increased its holdings in shares of Johnson Controls International by 977.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after acquiring an additional 430 shares during the period. ST Germain D J Co. Inc. raised its holdings in 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 worth $43,000 after purchasing an additional 134 shares in the last quarter. Western Pacific Wealth Management LP purchased a new stake in Johnson Controls International during the third quarter valued at approximately $44,000. Finally, Friedenthal Financial acquired a new stake in shares of Johnson Controls International in the 4th quarter worth $49,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling

In other news, CEO George Oliver sold 224,152 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the completion of the transaction, the chief executive officer now directly owns 1,166,992 shares of the company’s stock, valued at $96,533,578.24. This trade represents a 16.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Marlon Sullivan sold 7,230 shares of Johnson Controls International stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the transaction, the executive vice president now owns 32,246 shares of the company’s stock, valued at $2,687,704.10. This represents a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 647,787 shares of company stock worth $53,972,452 in the last quarter. Company insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on JCI shares. Mizuho upped their price target on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Argus raised shares of 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 Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Oppenheimer increased their target price on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada increased their price target on Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Johnson Controls International has an average rating of “Hold” and a consensus target price of $82.53.

Johnson Controls International Stock Up 1.1 %

Johnson Controls International stock opened at $81.34 on Monday. The stock’s 50 day moving average price is $81.96 and its 200 day moving average price is $75.76. The company has a market cap of $53.86 billion, a PE ratio of 32.02, a price-to-earnings-growth 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.

Johnson Controls International Announces Dividend

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

Johnson Controls International Company Profile

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.