Patton Albertson Miller Group LLC Makes New $225,000 Investment in Johnson Controls International plc (NYSE:JCI)

Patton Albertson Miller Group LLC purchased a new position in Johnson Controls International plc (NYSE:JCI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,902 shares of the company’s stock, valued at approximately $225,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC boosted its stake in Johnson Controls International by 195.8% in 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. Continuum Advisory LLC boosted its position in shares of Johnson Controls International by 65.2% during the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after acquiring an additional 208 shares during the last quarter. Wolff Wiese Magana LLC boosted its position in shares of Johnson Controls International by 977.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after acquiring an additional 430 shares during the last quarter. Western Pacific Wealth Management LP bought a new position in shares of Johnson Controls International during the 3rd quarter valued at approximately $44,000. Finally, Hexagon Capital Partners LLC boosted its position in shares of Johnson Controls International by 39.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock valued at $47,000 after acquiring an additional 202 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on JCI shares. The Goldman Sachs Group increased their target price on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Royal Bank of Canada increased their target price 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. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. UBS Group started coverage on Johnson Controls International in a research report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 target price for the company. Finally, Barclays increased their target price on Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $77.21.

Johnson Controls International Stock Performance

JCI stock opened at $83.75 on Wednesday. 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 fifty day simple moving average is $78.57 and its two-hundred day simple moving average is $72.74. Johnson Controls International plc has a twelve month low of $51.70 and a twelve month high of $87.16. The firm has a market cap of $55.46 billion, a price-to-earnings ratio of 32.97, a PEG ratio of 2.33 and a beta of 1.29.

Johnson Controls International Dividend Announcement

The firm also recently announced 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 was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a yield of 1.77%. Johnson Controls International’s payout ratio is 58.27%.

Insiders Place Their Bets

In other news, COO Nathan D. Manning sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total transaction of $231,240.00. Following the transaction, the chief operating officer now owns 140,488 shares in the company, valued at approximately $10,828,815.04. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO George Oliver sold 170,430 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $83.70, for a total value of $14,264,991.00. Following the transaction, the chief executive officer now owns 1,166,992 shares in the company, valued at approximately $97,677,230.40. This represents a 12.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 741,829 shares of company stock worth $59,952,007 over the last quarter. Company insiders own 0.69% of the company’s stock.

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.