Midwest Trust Co acquired a new stake in shares of Johnson Controls International plc (NYSE:JCI – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 15,016 shares of the company’s stock, valued at approximately $1,586,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Truvestments Capital LLC raised its holdings in shares of Johnson Controls International by 425.0% during the first quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock valued at $25,000 after acquiring an additional 255 shares during the period. Accent Capital Management LLC purchased a new position in Johnson Controls International during the 1st quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in Johnson Controls International during the 2nd quarter valued at $28,000. Activest Wealth Management lifted its holdings in shares of 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 in the last quarter. Finally, Hilltop National Bank acquired a new stake in shares of Johnson Controls International in the second quarter worth $35,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.
Johnson Controls International Stock Performance
Shares of JCI opened at $122.60 on Tuesday. The company’s fifty day moving average is $109.94 and its 200-day moving average is $104.87. Johnson Controls International plc has a 12 month low of $68.03 and a 12 month high of $123.76. The firm has a market cap of $80.23 billion, a price-to-earnings ratio of 36.38, a price-to-earnings-growth ratio of 1.70 and a beta of 1.36. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50.
Johnson Controls International Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders 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. The ex-dividend date was Monday, September 22nd. This represents a $1.60 annualized dividend and a dividend yield of 1.3%. Johnson Controls International’s dividend payout ratio is currently 31.43%.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on JCI shares. Morgan Stanley upped their price target on Johnson Controls International from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. The Goldman Sachs Group upped their target price on Johnson Controls International from $124.00 to $142.00 and gave the company a “buy” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft raised their price target on shares of Johnson Controls International from $124.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Mizuho upped their price objective on shares of Johnson Controls International from $105.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Finally, Royal Bank Of Canada increased their target price on shares of Johnson Controls International from $116.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 6th. Ten research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $120.72.
Get Our Latest Stock Analysis on JCI
Insider Activity
In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total transaction of $149,395.32. Following the completion of the sale, the vice president owned 139,459 shares of the company’s stock, valued at $14,651,562.54. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total value of $625,604.41. Following the transaction, the vice president owned 25,005 shares in the company, valued at approximately $2,643,778.65. This trade represents a 19.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 17,839 shares of company stock valued at $2,056,315. Insiders own 0.54% of the company’s stock.
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.
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