Advisors Management Group Inc. ADV Buys 1,194 Shares of Johnson Controls International plc (NYSE:JCI)

Advisors Management Group Inc. ADV lifted its position in Johnson Controls International plc (NYSE:JCI) by 3.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 31,794 shares of the company’s stock after purchasing an additional 1,194 shares during the quarter. Advisors Management Group Inc. ADV’s holdings in Johnson Controls International were worth $2,509,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Y Intercept Hong Kong Ltd grew its stake in Johnson Controls International by 136.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock worth $7,082,000 after buying an additional 52,719 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Johnson Controls International by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock worth $1,041,822,000 after acquiring an additional 71,493 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Johnson Controls International during the 3rd quarter worth approximately $7,692,000. CIBC Asset Management Inc increased its holdings in Johnson Controls International by 6.8% during the 3rd quarter. CIBC Asset Management Inc now owns 117,328 shares of the company’s stock valued at $9,106,000 after purchasing an additional 7,433 shares in the last quarter. Finally, Cerity Partners LLC raised its position in Johnson Controls International by 35.9% in the 3rd quarter. Cerity Partners LLC now owns 56,493 shares of the company’s stock valued at $4,385,000 after purchasing an additional 14,925 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on JCI shares. Barclays raised their target price on Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Wells Fargo & Company dropped their target price on shares of Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price target on shares of Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday. UBS Group assumed coverage on shares of Johnson Controls International in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price objective for the company. Finally, Citigroup decreased their price objective on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Monday. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $82.53.

Johnson Controls International Stock Down 1.0 %

Johnson Controls International stock opened at $79.43 on Thursday. The firm has a market capitalization of $52.60 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 2.20 and a beta of 1.32. The company’s 50 day simple moving average is $82.10 and its 200 day simple moving average is $75.52. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. Johnson Controls International plc has a fifty-two week low of $51.71 and a fifty-two week high of $87.16.

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 issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Monday, December 23rd. Johnson Controls International’s dividend payout ratio (DPR) is 58.27%.

Insider Activity

In other news, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the transaction, the executive vice president now owns 32,246 shares in the company, valued at $2,687,704.10. This represents a 18.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Oliver sold 110,616 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the sale, the chief executive officer now owns 1,244,617 shares in the company, valued at approximately $105,294,598.20. The trade was a 8.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 647,973 shares of company stock valued at $53,986,862 in the last quarter. Company insiders own 0.69% of the company’s stock.

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.