HB Wealth Management LLC Has $2.14 Million Stock Position in Johnson Controls International plc (NYSE:JCI)

HB Wealth Management LLC grew its position in Johnson Controls International plc (NYSE:JCI) by 17.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,106 shares of the company’s stock after buying an additional 3,996 shares during the period. HB Wealth Management LLC’s holdings in Johnson Controls International were worth $2,140,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in JCI. Fortitude Family Office LLC lifted its position in Johnson Controls International by 195.8% in the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after acquiring an additional 278 shares in the last quarter. Wolff Wiese Magana LLC lifted its position in 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 in the last quarter. ST Germain D J Co. Inc. lifted its position in Johnson Controls International by 32.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after acquiring an additional 134 shares in the last quarter. Western Pacific Wealth Management LP bought a new stake in Johnson Controls International in the 3rd quarter valued at $44,000. Finally, Friedenthal Financial bought a new stake in Johnson Controls International in the 4th quarter valued at $49,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

JCI has been the topic of several research reports. Wells Fargo & Company cut their price objective on shares of Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Royal Bank of Canada boosted their price objective on shares of 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. JPMorgan Chase & Co. cut their price target on shares of Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Oppenheimer upped their target price on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $82.53.

Johnson Controls International Stock Performance

JCI opened at $81.34 on Monday. Johnson Controls International plc has a 12-month low of $52.02 and a 12-month high of $87.16. The stock has a market cap of $53.86 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 2.20 and a beta of 1.32. The business has a 50 day moving average of $81.96 and a 200-day moving average of $75.76. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were given a $0.37 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.82%. Johnson Controls International’s payout ratio is 58.27%.

Insider Activity

In other news, EVP Marlon Sullivan sold 7,230 shares of the firm’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 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 $2,687,704.10. This trade represents a 18.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO George Oliver sold 224,152 shares of Johnson Controls International stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total value of $18,541,853.44. Following the sale, the chief executive officer now directly owns 1,166,992 shares of the company’s stock, valued at approximately $96,533,578.24. The trade was a 16.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 647,787 shares of company stock valued at $53,972,452 over the last three months. Insiders own 0.69% of the company’s stock.

Johnson Controls International 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.