Cornerstone Advisors LLC Boosts Position in Johnson Controls International plc (NYSE:JCI)

Cornerstone Advisors LLC lifted its position in Johnson Controls International plc (NYSE:JCI) by 4.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,600 shares of the company’s stock after purchasing an additional 900 shares during the quarter. Cornerstone Advisors LLC’s holdings in Johnson Controls International were worth $1,832,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. raised its position in shares of Johnson Controls International by 10.8% during the 1st quarter. Bessemer Group Inc. now owns 10,146 shares of the company’s stock valued at $663,000 after buying an additional 989 shares during the period. Axxcess Wealth Management LLC increased its stake in Johnson Controls International by 23.5% during the first quarter. Axxcess Wealth Management LLC now owns 12,209 shares of the company’s stock worth $798,000 after acquiring an additional 2,327 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Johnson Controls International by 7.5% in the 1st quarter. Advisors Asset Management Inc. now owns 34,674 shares of the company’s stock valued at $2,265,000 after purchasing an additional 2,409 shares during the last quarter. LRI Investments LLC purchased a new position in shares of Johnson Controls International during the 1st quarter worth $198,000. Finally, Epoch Investment Partners Inc. increased its position in shares of Johnson Controls International by 0.9% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,129,418 shares of the company’s stock worth $73,774,000 after purchasing an additional 10,146 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO George Oliver sold 224,152 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the completion of the sale, the chief executive officer now owns 1,166,992 shares in the company, valued at $96,533,578.24. This represents a 16.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the transaction, the chief operating officer now owns 143,488 shares in the company, valued at approximately $10,438,752. This trade represents a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 561,095 shares of company stock valued at $44,820,037. Insiders own 0.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on JCI shares. Robert W. Baird increased their target price on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Company upped their price target on Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Morgan Stanley started coverage on Johnson Controls International in a research note on Friday, September 6th. They issued an “overweight” rating and a $85.00 price objective for the company. 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. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Johnson Controls International has a consensus rating of “Hold” and a consensus target price of $77.21.

Johnson Controls International Trading Up 1.5 %

JCI opened at $84.24 on Friday. The firm has a market cap of $56.27 billion, a price-to-earnings ratio of 33.16, a price-to-earnings-growth ratio of 2.33 and a beta of 1.29. Johnson Controls International plc has a 52 week low of $51.70 and a 52 week high of $87.16. The business’s 50 day moving average is $77.91 and its two-hundred day moving average is $72.24. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were paid a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a yield of 1.76%. Johnson Controls International’s dividend payout ratio is presently 58.27%.

Johnson Controls International Company 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.