Johnson Controls International plc (NYSE:JCI) Position Boosted by Cary Street Partners Investment Advisory LLC

Cary Street Partners Investment Advisory LLC increased its position in Johnson Controls International plc (NYSE:JCI) by 8.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,360 shares of the company’s stock after purchasing an additional 350 shares during the period. Cary Street Partners Investment Advisory LLC’s holdings in Johnson Controls International were worth $297,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JCI. Certified Advisory Corp bought a new stake in shares of Johnson Controls International in the 1st quarter valued at approximately $26,000. BDO Wealth Advisors LLC raised its holdings in shares of Johnson Controls International by 145.4% during the second quarter. BDO Wealth Advisors LLC now owns 427 shares of the company’s stock worth $29,000 after purchasing an additional 253 shares during the period. Strengthening Families & Communities LLC raised its holdings in shares of Johnson Controls International by 47.2% during the first quarter. Strengthening Families & Communities LLC now owns 627 shares of the company’s stock worth $38,000 after purchasing an additional 201 shares during the period. Salem Investment Counselors Inc. lifted its position in shares of Johnson Controls International by 152.4% in the 1st quarter. Salem Investment Counselors Inc. now owns 588 shares of the company’s stock worth $39,000 after buying an additional 355 shares during the last quarter. Finally, VitalStone Financial LLC boosted its holdings in shares of Johnson Controls International by 2,873.3% in the 1st quarter. VitalStone Financial LLC now owns 446 shares of the company’s stock valued at $39,000 after buying an additional 431 shares during the period. 88.64% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO George Oliver sold 103,332 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $59.23, for a total transaction of $6,120,354.36. Following the completion of the transaction, the chief executive officer now owns 979,759 shares of the company’s stock, valued at $58,031,125.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 309,996 shares of company stock worth $16,936,115. 0.71% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on JCI. Barclays dropped their price objective on shares of Johnson Controls International from $66.00 to $64.00 in a research note on Wednesday, September 20th. The Goldman Sachs Group downgraded Johnson Controls International from a “conviction-buy” rating to a “buy” rating in a report on Monday, October 2nd. Royal Bank of Canada lowered their price objective on Johnson Controls International from $68.00 to $67.00 and set a “sector perform” rating for the company in a research note on Thursday, August 3rd. Morgan Stanley reduced their price target on shares of Johnson Controls International from $73.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, September 22nd. Finally, UBS Group lowered their price target on shares of Johnson Controls International from $80.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, October 10th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $68.08.

Johnson Controls International Trading Up 0.3 %

Shares of NYSE:JCI opened at $52.40 on Tuesday. The company has a 50 day moving average of $52.31 and a 200-day moving average of $59.52. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.49. The firm has a market cap of $35.65 billion, a P/E ratio of 17.53, a P/E/G ratio of 0.97 and a beta of 1.27. Johnson Controls International plc has a twelve month low of $47.90 and a twelve month high of $70.43.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Monday, September 25th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend was Friday, September 22nd. Johnson Controls International’s payout ratio is currently 49.50%.

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.