Thrivent Financial for Lutherans reduced its stake in shares of Johnson Controls International plc (NYSE:JCI – Free Report) by 47.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 30,798 shares of the company’s stock after selling 27,802 shares during the period. Thrivent Financial for Lutherans’ holdings in Johnson Controls International were worth $3,693,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Berkeley Capital Partners LLC raised its position in Johnson Controls International by 7.2% in the fourth quarter. Berkeley Capital Partners LLC now owns 2,705 shares of the company’s stock worth $324,000 after acquiring an additional 181 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its position in Johnson Controls International by 158.4% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,523 shares of the company’s stock worth $1,021,000 after acquiring an additional 5,224 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in Johnson Controls International by 77.3% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 2,459 shares of the company’s stock worth $302,000 after acquiring an additional 1,072 shares in the last quarter. Allworth Financial LP raised its position in Johnson Controls International by 12.2% in the fourth quarter. Allworth Financial LP now owns 11,816 shares of the company’s stock worth $1,415,000 after acquiring an additional 1,286 shares in the last quarter. Finally, Catalyst Financial Partners LLC raised its position in Johnson Controls International by 3.6% in the fourth quarter. Catalyst Financial Partners LLC now owns 3,519 shares of the company’s stock worth $421,000 after acquiring an additional 121 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.
Johnson Controls International Trading Up 2.2%
Shares of JCI opened at $138.51 on Friday. The business’s 50-day moving average price is $137.64 and its 200 day moving average price is $128.25. The stock has a market capitalization of $84.51 billion, a P/E ratio of 24.78, a P/E/G ratio of 1.49 and a beta of 1.37. Johnson Controls International plc has a 1-year low of $96.31 and a 1-year high of $147.32. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64.
Johnson Controls International Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Monday, March 16th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. Johnson Controls International’s dividend payout ratio (DPR) is currently 28.62%.
Insider Transactions at Johnson Controls International
In related news, VP Lei Zhang Schlitz sold 88,809 shares of Johnson Controls International stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $140.99, for a total value of $12,521,180.91. Following the transaction, the vice president owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. This trade represents a 60.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Daniel C. Mcconeghy sold 3,600 shares of Johnson Controls International stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $142.56, for a total value of $513,216.00. Following the completion of the transaction, the vice president directly owned 24,273 shares in the company, valued at $3,460,358.88. This represents a 12.92% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.29% of the company’s stock.
Analyst Upgrades and Downgrades
JCI has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on shares of Johnson Controls International from $158.00 to $162.00 in a research report on Thursday, May 7th. Citigroup boosted their price target on shares of Johnson Controls International from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Wolfe Research dropped their price target on shares of Johnson Controls International from $161.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 8th. BNP Paribas Exane initiated coverage on shares of Johnson Controls International in a research report on Tuesday, April 14th. They issued an “underperform” rating and a $120.00 price target on the stock. Finally, Wells Fargo & Company boosted their price target on shares of Johnson Controls International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Eleven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $147.63.
Check Out Our Latest Stock Report on Johnson Controls International
Johnson Controls International Company Profile
Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.
Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.
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