Wrapmanager Inc. Acquires 345 Shares of Johnson Controls International plc (NYSE:JCI)

Wrapmanager Inc. raised its stake in Johnson Controls International plc (NYSE:JCI) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,583 shares of the company’s stock after acquiring an additional 345 shares during the quarter. Wrapmanager Inc.’s holdings in Johnson Controls International were worth $441,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Private Advisor Group LLC boosted its position in Johnson Controls International by 7.9% in the third quarter. Private Advisor Group LLC now owns 25,087 shares of the company’s stock valued at $1,947,000 after buying an additional 1,833 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Johnson Controls International during the 3rd quarter valued at $7,692,000. Assenagon Asset Management S.A. boosted its holdings in shares of Johnson Controls International by 14.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 26,762 shares of the company’s stock valued at $2,077,000 after acquiring an additional 3,334 shares in the last quarter. Dakota Wealth Management bought a new stake in Johnson Controls International during the 3rd quarter worth $220,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Johnson Controls International by 41.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,657 shares of the company’s stock worth $4,992,000 after purchasing an additional 18,800 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $83.87 on Tuesday. The stock has a market capitalization of $55.36 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 1.96 and a beta of 1.32. Johnson Controls International plc has a 52-week low of $58.15 and a 52-week high of $91.14. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The stock’s 50 day moving average price is $82.06 and its two-hundred day moving average price is $78.67.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. On average, equities analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s payout ratio is 56.49%.

Analyst Ratings Changes

Several analysts have recently weighed in on JCI shares. Morgan Stanley boosted their price target on Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Wells Fargo & Company boosted their target price on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Barclays raised their price target on shares of Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Citigroup reduced their price objective on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Finally, Melius lowered Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price for the company. in a research report on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $91.13.

Insider Activity at Johnson Controls International

In other news, CEO George Oliver sold 124,497 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $82.67, for a total transaction of $10,292,166.99. Following the completion of the sale, the chief executive officer now owns 1,267,716 shares in the company, valued at $104,802,081.72. The trade was a 8.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $87.73, for a total value of $171,073.50. Following the completion of the transaction, the vice president now owns 24,803 shares in the company, valued at approximately $2,175,967.19. This represents a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 708,700 shares of company stock valued at $62,083,088 in the last three months. Corporate insiders own 0.54% of the company’s stock.

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.