11,500 Shares in Johnson Controls International plc (NYSE:JCI) Bought by Glaxis Capital Management LLC

Glaxis Capital Management LLC purchased a new stake in Johnson Controls International plc (NYSE:JCI) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 11,500 shares of the company’s stock, valued at approximately $893,000. Johnson Controls International makes up 3.4% of Glaxis Capital Management LLC’s portfolio, making the stock its 11th largest holding.

A number of other hedge funds have also added to or reduced their stakes in the stock. Cetera Investment Advisers raised its stake in Johnson Controls International by 470.9% in the first quarter. Cetera Investment Advisers now owns 157,980 shares of the company’s stock worth $10,319,000 after buying an additional 130,308 shares in the last quarter. Epoch Investment Partners Inc. lifted its stake in shares of Johnson Controls International by 0.9% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,129,418 shares of the company’s stock valued at $73,774,000 after purchasing an additional 10,146 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Johnson Controls International in the 3rd quarter valued at approximately $7,692,000. O Shaughnessy Asset Management LLC boosted its position in shares of Johnson Controls International by 29.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 39,436 shares of the company’s stock valued at $2,576,000 after purchasing an additional 8,897 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in Johnson Controls International by 6.8% in the third quarter. CIBC Asset Management Inc now owns 117,328 shares of the company’s stock worth $9,106,000 after purchasing an additional 7,433 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Price Performance

NYSE:JCI opened at $83.52 on Wednesday. The stock has a market cap of $55.79 billion, a PE ratio of 32.88, a P/E/G ratio of 2.36 and a beta of 1.29. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The business’s 50-day simple moving average is $77.41 and its two-hundred day simple moving average is $72.08. Johnson Controls International plc has a 52 week low of $51.60 and a 52 week high of $87.16.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is currently 58.27%.

Insider Activity at Johnson Controls International

In related news, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the sale, the chief executive officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total value of $84,899.25. Following the transaction, the chief operating officer now owns 143,488 shares in the company, valued at approximately $10,438,752. This represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 336,757 shares of company stock worth $26,262,632. Insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

JCI has been the topic of a number of research reports. UBS Group started coverage on shares of Johnson Controls International in a report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 target price on the stock. Barclays increased their target price on Johnson Controls International from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada upped their price objective on Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Oppenheimer lifted their target price on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group upped their price target on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Twelve investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $77.21.

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.