Oak Harbor Wealth Partners LLC Acquires 546 Shares of Johnson Controls International plc (NYSE:JCI)

Oak Harbor Wealth Partners LLC grew its stake in Johnson Controls International plc (NYSE:JCI) by 3.2% during the third quarter, HoldingsChannel reports. The firm owned 17,773 shares of the company’s stock after buying an additional 546 shares during the quarter. Oak Harbor Wealth Partners LLC’s holdings in Johnson Controls International were worth $1,379,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Fortitude Family Office LLC grew 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 acquiring an additional 278 shares during the last quarter. Continuum Advisory LLC boosted its stake in shares of Johnson Controls International by 65.2% during the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares in the last quarter. Wolff Wiese Magana LLC grew its holdings in shares of Johnson Controls International by 977.3% during the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after purchasing an additional 430 shares during the last quarter. Western Pacific Wealth Management LP acquired a new position in shares of Johnson Controls International in the third quarter valued at approximately $44,000. Finally, Hexagon Capital Partners LLC raised its holdings in Johnson Controls International by 39.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock valued at $47,000 after buying an additional 202 shares during the last quarter. 90.05% of the stock is owned by institutional investors.

Insider Activity at Johnson Controls International

In related news, CEO George Oliver sold 110,615 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of the sale, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. This trade represents a 8.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Nathan D. Manning sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total value of $231,240.00. Following the sale, the chief operating officer now directly owns 140,488 shares of the company’s stock, valued at $10,828,815.04. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 226,141 shares of company stock valued at $16,904,519 over the last 90 days. Insiders own 0.69% of the company’s stock.

Johnson Controls International Trading Down 0.7 %

JCI opened at $85.12 on Friday. The firm has a market capitalization of $56.86 billion, a PE ratio of 33.51, a P/E/G ratio of 2.39 and a beta of 1.29. 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 $51.40 and a fifty-two week high of $87.16. The company’s 50-day moving average is $76.20 and its 200 day moving average is $71.42.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were issued a $0.37 dividend. The ex-dividend date was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.74%. Johnson Controls International’s dividend payout ratio is presently 58.27%.

Analyst Ratings Changes

A number of research firms have weighed in on JCI. Mizuho boosted their target price on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Royal Bank of Canada lifted their price target on shares of Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Robert W. Baird increased their price objective on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. UBS Group initiated coverage on Johnson Controls International in a research report on Wednesday. They set a “neutral” rating and a $90.00 target price for the company. Finally, StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Tuesday. Twelve analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $77.21.

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.