Kingsview Wealth Management LLC Acquires 1,099 Shares of Johnson Controls International plc (NYSE:JCI)

Kingsview Wealth Management LLC boosted its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 25.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,436 shares of the company’s stock after acquiring an additional 1,099 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Johnson Controls International were worth $422,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. lifted its position in shares of Johnson Controls International by 3.2% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 14,210 shares of the company’s stock valued at $928,000 after acquiring an additional 438 shares during the period. Swedbank AB acquired a new position in Johnson Controls International during the first quarter worth $13,807,000. Atria Investments Inc raised its holdings in Johnson Controls International by 14.2% during the first quarter. Atria Investments Inc now owns 62,559 shares of the company’s stock worth $4,086,000 after buying an additional 7,762 shares during the last quarter. PGGM Investments raised its holdings in shares of Johnson Controls International by 8.5% in the first quarter. PGGM Investments now owns 52,766 shares of the company’s stock valued at $3,447,000 after purchasing an additional 4,124 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Johnson Controls International by 470.9% in the first quarter. Cetera Investment Advisers now owns 157,980 shares of the company’s stock valued at $10,319,000 after purchasing an additional 130,308 shares during the last quarter. 90.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on JCI. Morgan Stanley began coverage on shares of Johnson Controls International in a report on Friday, September 6th. They issued an “overweight” rating and a $85.00 target price for the company. UBS Group started coverage on shares of Johnson Controls International in a research report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price target for the company. Mizuho increased 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 report on Thursday, October 17th. The Goldman Sachs Group increased their price target on shares of Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Robert W. Baird increased their price target on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Twelve analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $77.21.

Johnson Controls International Trading Down 0.0 %

Shares of Johnson Controls International stock opened at $83.71 on Friday. Johnson Controls International plc has a 12-month low of $51.70 and a 12-month high of $87.16. The company has a market cap of $55.43 billion, a price-to-earnings ratio of 32.96, a PEG ratio of 2.33 and a beta of 1.29. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average price is $78.97 and its 200-day moving average price is $72.89.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s payout ratio is 58.27%.

Insider Transactions at Johnson Controls International

In related news, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the sale, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. This trade represents a 8.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total transaction of $231,240.00. Following the completion of the sale, the chief operating officer now directly owns 140,488 shares in the company, valued at $10,828,815.04. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 741,829 shares of company stock valued at $59,952,007. 0.69% of the stock is currently owned by corporate insiders.

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.