Outlook Wealth Advisors LLC Boosts Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Outlook Wealth Advisors LLC boosted its stake in Johnson Controls International plc (NYSE:JCI) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,489 shares of the company’s stock after purchasing an additional 217 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Johnson Controls International were worth $749,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Y Intercept Hong Kong Ltd boosted its position in shares of Johnson Controls International by 136.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock valued at $7,082,000 after acquiring an additional 52,719 shares during the last quarter. Geode Capital Management LLC increased 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 valued at $1,041,822,000 after purchasing an additional 71,493 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Johnson Controls International during the 3rd quarter valued at $7,692,000. CIBC Asset Management Inc lifted its position in Johnson Controls International by 6.8% in the third quarter. CIBC Asset Management Inc now owns 117,328 shares of the company’s stock worth $9,106,000 after buying an additional 7,433 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in Johnson Controls International by 35.9% during the third quarter. Cerity Partners LLC now owns 56,493 shares of the company’s stock worth $4,385,000 after buying an additional 14,925 shares during the period. Institutional investors own 90.05% of the company’s stock.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 110,616 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $84.60, for a total value of $9,358,113.60. Following the completion of the sale, the chief executive officer now directly owns 1,244,617 shares in the company, valued at approximately $105,294,598.20. This trade represents a 8.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Marlon Sullivan sold 7,230 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the sale, the executive vice president now directly owns 32,246 shares of the company’s stock, valued at approximately $2,687,704.10. This represents a 18.31 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 647,973 shares of company stock valued at $53,986,862. Corporate insiders own 0.69% of the company’s stock.

Johnson Controls International Price Performance

JCI opened at $79.43 on Thursday. The firm has a market capitalization of $52.60 billion, a PE ratio of 31.27, 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. The business’s 50-day moving average is $82.10 and its two-hundred day moving average is $75.52. Johnson Controls International plc has a 1 year low of $51.71 and a 1 year high of $87.16.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Monday, December 23rd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.86%. Johnson Controls International’s payout ratio is 58.27%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Argus raised shares of 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. UBS Group initiated coverage on Johnson Controls International in a research report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 target price for the company. JPMorgan Chase & Co. reduced their price target on Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Barclays increased their target price on Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $82.53.

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.