Geneos Wealth Management Inc. Grows Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Geneos Wealth Management Inc. raised its stake in shares of Johnson Controls International plc (NYSE:JCI) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 76,019 shares of the company’s stock after acquiring an additional 830 shares during the period. Geneos Wealth Management Inc.’s holdings in Johnson Controls International were worth $6,000,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Metis Global Partners LLC increased its holdings in shares of Johnson Controls International by 0.4% in the third quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock valued at $2,208,000 after purchasing an additional 127 shares during the period. Graypoint LLC grew its position in Johnson Controls International by 4.1% in the 4th quarter. Graypoint LLC now owns 3,277 shares of the company’s stock valued at $259,000 after buying an additional 130 shares during the last quarter. ST Germain D J Co. Inc. increased its stake in Johnson Controls International by 32.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after buying an additional 134 shares during the period. Brooklyn Investment Group raised its position in Johnson Controls International by 3.1% during the 4th quarter. Brooklyn Investment Group now owns 4,444 shares of the company’s stock worth $351,000 after buying an additional 135 shares during the last quarter. Finally, Fulton Bank N.A. lifted its stake in shares of Johnson Controls International by 1.2% in the 4th quarter. Fulton Bank N.A. now owns 11,845 shares of the company’s stock worth $935,000 after acquiring an additional 139 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JCI. Wells Fargo & Company dropped their price target on shares of Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Oppenheimer boosted their target price on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Royal Bank of Canada raised their price target on Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Citigroup dropped their price objective on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Finally, Bank of America raised their target price on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $82.53.

Insider Activity

In other Johnson Controls International news, CEO George Oliver sold 224,152 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total value of $18,541,853.44. Following the completion of the sale, the chief executive officer now owns 1,166,992 shares of the company’s stock, valued at $96,533,578.24. This trade represents a 16.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marlon Sullivan sold 7,230 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the transaction, the executive vice president now directly owns 32,246 shares in the company, valued at approximately $2,687,704.10. The trade was a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 647,787 shares of company stock worth $53,972,452 over the last three months. 0.69% of the stock is currently owned by corporate insiders.

Johnson Controls International Stock Down 0.5 %

Shares of NYSE JCI opened at $81.65 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. The firm’s 50-day moving average is $81.62 and its two-hundred day moving average is $76.22. Johnson Controls International plc has a 12-month low of $52.02 and a 12-month high of $87.16. The company has a market capitalization of $53.90 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 2.35 and a beta of 1.32.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were issued a $0.37 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.81%. Johnson Controls International’s dividend payout ratio (DPR) is 58.27%.

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.