Bridgewater Advisors Inc. Takes Position in Johnson Controls International plc $JCI

Bridgewater Advisors Inc. bought a new position in shares of Johnson Controls International plc (NYSE:JCI) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 2,220 shares of the company’s stock, valued at approximately $229,000.

Several other hedge funds have also recently bought and sold shares of JCI. Truvestments Capital LLC grew its stake in Johnson Controls International by 425.0% during the first quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock worth $25,000 after buying an additional 255 shares during the period. Accent Capital Management LLC acquired a new position in shares of Johnson Controls International during the 1st quarter valued at $26,000. Cornerstone Planning Group LLC boosted its position in Johnson Controls International by 74.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock worth $28,000 after purchasing an additional 155 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Johnson Controls International in the 2nd quarter valued at $28,000. Finally, Activest Wealth Management raised its position in Johnson Controls International by 56.4% in the first quarter. Activest Wealth Management now owns 369 shares of the company’s stock valued at $30,000 after purchasing an additional 133 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling

In other news, VP Daniel C. Mcconeghy sold 5,917 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $625,604.41. Following the completion of the sale, the vice president owned 25,005 shares of the company’s stock, valued at $2,643,778.65. This trade represents a 19.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Nathan D. Manning sold 1,422 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total transaction of $149,395.32. Following the transaction, the vice president directly owned 139,459 shares in the company, valued at $14,651,562.54. The trade was a 1.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada upped their target price on Johnson Controls International from $114.00 to $116.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 16th. Jefferies Financial Group reissued a “hold” rating and set a $120.00 price target on shares of Johnson Controls International in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Johnson Controls International from $124.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Johnson Controls International in a research note on Wednesday, October 8th. Finally, Citigroup upped their target price on shares of Johnson Controls International from $112.00 to $119.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. Ten research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $113.41.

Johnson Controls International Price Performance

NYSE JCI opened at $110.80 on Wednesday. Johnson Controls International plc has a 12 month low of $68.03 and a 12 month high of $116.48. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. The company’s 50 day simple moving average is $108.82 and its 200 day simple moving average is $103.61. The firm has a market capitalization of $72.51 billion, a PE ratio of 32.88, a P/E/G ratio of 1.70 and a beta of 1.33.

Johnson Controls International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.40 per share. This is a boost from Johnson Controls International’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, September 22nd. Johnson Controls International’s payout ratio is currently 47.48%.

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.