CrossGen Wealth LLC Purchases New Stake in Johnson Controls International plc $JCI

CrossGen Wealth LLC acquired a new position in shares of Johnson Controls International plc (NYSE:JCIFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,230 shares of the company’s stock, valued at approximately $1,824,000. Johnson Controls International comprises approximately 1.6% of CrossGen Wealth LLC’s holdings, making the stock its 22nd largest holding.

Other hedge funds have also added to or reduced their stakes in the company. Strategic Investment Advisors MI boosted its stake in Johnson Controls International by 1.5% in the fourth quarter. Strategic Investment Advisors MI now owns 5,389 shares of the company’s stock valued at $645,000 after acquiring an additional 78 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Johnson Controls International by 2.5% during the 4th quarter. UMB Bank n.a. now owns 3,261 shares of the company’s stock worth $391,000 after purchasing an additional 79 shares during the last quarter. Lcnb Corp raised its holdings in shares of Johnson Controls International by 4.0% in the 4th quarter. Lcnb Corp now owns 2,094 shares of the company’s stock worth $251,000 after purchasing an additional 81 shares during the period. Catalyst Financial Partners LLC raised its holdings in shares of Johnson Controls International by 2.5% in the 3rd quarter. Catalyst Financial Partners LLC now owns 3,398 shares of the company’s stock worth $374,000 after purchasing an additional 84 shares during the period. Finally, Millstone Evans Group LLC lifted its stake in Johnson Controls International by 2.6% in the fourth quarter. Millstone Evans Group LLC now owns 3,427 shares of the company’s stock valued at $410,000 after purchasing an additional 87 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

NYSE:JCI opened at $145.07 on Friday. The business’s fifty day moving average is $141.36 and its 200 day moving average is $131.67. The firm has a market cap of $88.51 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 1.54 and a beta of 1.32. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.04. Johnson Controls International plc has a 52-week low of $100.86 and a 52-week high of $149.38.

Johnson Controls International (NYSE:JCIGet Free Report) last issued its earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The business had revenue of $6.14 billion during the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. Research analysts predict that Johnson Controls International plc will post 4.89 EPS for the current year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 15th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, June 15th. Johnson Controls International’s dividend payout ratio (DPR) is 28.62%.

Insider Buying and Selling

In related news, VP Lei Zhang Schlitz sold 88,809 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the sale, the vice president owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. This represents a 60.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the completion of the sale, the vice president owned 26,215 shares in the company, valued at $3,832,633. This represents a 6.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

JCI has been the subject of several research reports. Jefferies Financial Group increased their price objective on Johnson Controls International from $125.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, April 15th. Morgan Stanley boosted their target price on Johnson Controls International from $140.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, June 9th. BNP Paribas Exane assumed coverage on Johnson Controls International in a research report on Tuesday, April 14th. They set an “underperform” rating and a $120.00 price target on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Johnson Controls International in a research note on Tuesday, June 9th. Finally, Wall Street Zen raised Johnson Controls International from a “hold” rating to a “buy” rating in a report on Sunday, May 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $152.85.

Read Our Latest Research Report on JCI

Johnson Controls International Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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