IHT Wealth Management LLC Takes Position in Johnson Controls International plc (NYSE:JCI)

IHT Wealth Management LLC acquired a new position in shares of Johnson Controls International plc (NYSE:JCI) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,096 shares of the company’s stock, valued at approximately $239,000.

A number of other large investors have also recently made changes to their positions in the company. Fortitude Family Office LLC grew its holdings in Johnson Controls International by 195.8% during the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after acquiring an additional 278 shares in the last quarter. Continuum Advisory LLC lifted its position in shares of Johnson Controls International by 65.2% during the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after purchasing an additional 208 shares during the last quarter. Wolff Wiese Magana LLC grew its stake in shares of Johnson Controls International by 977.3% during the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after purchasing an additional 430 shares in the last quarter. Western Pacific Wealth Management LP purchased a new position in Johnson Controls International in the third quarter valued at $44,000. Finally, Family Firm Inc. acquired a new stake in Johnson Controls International in the second quarter valued at $48,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. The trade was a 8.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total value 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 trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 865,159 shares of company stock valued at $70,161,300 in the last quarter. 0.69% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on JCI shares. Royal Bank of Canada upped their price objective on Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Mizuho upped their price target on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Barclays upped their target price on shares of Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Finally, UBS Group assumed coverage on shares of Johnson Controls International in a research note on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price target on the stock. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $78.57.

Johnson Controls International Stock Down 1.3 %

Shares of NYSE JCI opened at $82.79 on Wednesday. The stock has a market capitalization of $54.82 billion, a price-to-earnings ratio of 32.59, a price-to-earnings-growth ratio of 2.35 and a beta of 1.31. Johnson Controls International plc has a 52 week low of $51.70 and a 52 week high of $87.16. The firm has a 50-day moving average price of $80.04 and a 200 day moving average price of $73.61. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, December 23rd will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Monday, December 23rd. Johnson Controls International’s dividend payout ratio (DPR) is 58.27%.

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.