Norway Savings Bank boosted its stake in shares of Johnson Controls International plc (NYSE:JCI – Free Report) by 5.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,351 shares of the company’s stock after acquiring an additional 550 shares during the quarter. Norway Savings Bank’s holdings in Johnson Controls International were worth $705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of JCI. Certified Advisory Corp purchased a new stake in Johnson Controls International during the 1st quarter valued at about $26,000. Strengthening Families & Communities LLC raised its position in shares of Johnson Controls International by 47.2% in the 1st quarter. Strengthening Families & Communities LLC now owns 627 shares of the company’s stock worth $38,000 after acquiring an additional 201 shares in the last quarter. Salem Investment Counselors Inc. raised its position in shares of Johnson Controls International by 152.4% in the 1st quarter. Salem Investment Counselors Inc. now owns 588 shares of the company’s stock worth $39,000 after acquiring an additional 355 shares in the last quarter. VitalStone Financial LLC increased its position in Johnson Controls International by 2,873.3% during the 1st quarter. VitalStone Financial LLC now owns 446 shares of the company’s stock valued at $39,000 after buying an additional 431 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in Johnson Controls International by 110.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 720 shares of the company’s stock valued at $43,000 after buying an additional 378 shares in the last quarter. 88.64% of the stock is currently owned by hedge funds and other institutional investors.
Johnson Controls International Stock Performance
NYSE JCI traded up $0.01 on Friday, hitting $57.13. 5,428,356 shares of the company traded hands, compared to its average volume of 3,846,045. The company has a market capitalization of $38.87 billion, a price-to-earnings ratio of 19.11, a P/E/G ratio of 1.14 and a beta of 1.25. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average price is $62.53 and its 200-day moving average price is $61.97. Johnson Controls International plc has a 52-week low of $48.82 and a 52-week high of $70.43.
Johnson Controls International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Monday, September 25th will be issued a $0.37 dividend. The ex-dividend date is Friday, September 22nd. This represents a $1.48 annualized dividend and a dividend yield of 2.59%. Johnson Controls International’s dividend payout ratio (DPR) is 49.50%.
Insider Transactions at Johnson Controls International
In other Johnson Controls International news, CEO George Oliver sold 103,332 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $59.23, for a total transaction of $6,120,354.36. Following the sale, the chief executive officer now directly owns 979,759 shares of the company’s stock, valued at $58,031,125.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.71% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on JCI. StockNews.com began coverage on Johnson Controls International in a research report on Thursday, August 17th. They set a “buy” rating for the company. Oppenheimer reduced their price objective on Johnson Controls International from $79.00 to $78.00 and set an “outperform” rating for the company in a research report on Thursday, August 3rd. Royal Bank of Canada reduced their price objective on Johnson Controls International from $68.00 to $67.00 and set a “sector perform” rating for the company in a research report on Thursday, August 3rd. Barclays reduced their target price on Johnson Controls International from $69.00 to $66.00 in a report on Thursday, September 7th. Finally, Wells Fargo & Company lifted their target price on Johnson Controls International from $69.00 to $74.00 in a report on Monday, July 10th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.08.
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.
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