Greater Midwest Financial Group LLC Raises Position in Johnson Controls International plc (NYSE:JCI)

Greater Midwest Financial Group LLC raised its position in Johnson Controls International plc (NYSE:JCI) by 19.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,134 shares of the company’s stock after purchasing an additional 3,534 shares during the period. Johnson Controls International comprises approximately 1.1% of Greater Midwest Financial Group LLC’s portfolio, making the stock its 24th biggest holding. Greater Midwest Financial Group LLC’s holdings in Johnson Controls International were worth $1,747,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Fortitude Family Office LLC boosted its position in Johnson Controls International by 195.8% during the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after purchasing an additional 278 shares during the period. Wolff Wiese Magana LLC lifted its holdings in Johnson Controls International by 977.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after buying an additional 430 shares during the last quarter. ST Germain D J Co. Inc. increased its holdings in shares of 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 acquiring an additional 134 shares during the last quarter. Western Pacific Wealth Management LP acquired a new position in Johnson Controls International in the third quarter valued at approximately $44,000. Finally, Friedenthal Financial acquired a new position in Johnson Controls International during the 4th quarter valued at approximately $49,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Price Performance

NYSE JCI opened at $82.02 on Friday. Johnson Controls International plc has a fifty-two week low of $52.02 and a fifty-two week high of $87.16. The stock’s 50-day moving average is $81.73 and its two-hundred day moving average is $76.08. The firm has a market cap of $54.15 billion, a P/E ratio of 32.29, a price-to-earnings-growth ratio of 2.35 and a beta of 1.32. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s payout ratio is 58.27%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on JCI. Royal Bank of Canada boosted their price objective on Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Friday, December 20th. Robert W. Baird upped their price target on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Citigroup dropped their target price on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $82.53.

Insider Buying and Selling

In related news, CEO George Oliver sold 224,152 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 1,166,992 shares in the company, valued at approximately $96,533,578.24. This trade represents a 16.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 of the company’s stock, valued at approximately $2,687,704.10. This represents a 18.31 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 647,787 shares of company stock worth $53,972,452. 0.69% of the stock is currently owned by insiders.

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.