J. Safra Sarasin Holding AG bought a new position in Johnson Controls International plc (NYSE:JCI – Free Report) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 23,303 shares of the company’s stock, valued at approximately $2,562,000.
Other large investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in Johnson Controls International during the 2nd quarter valued at $28,000. MTM Investment Management LLC bought a new stake in shares of Johnson Controls International in the second quarter worth $32,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Johnson Controls International in the second quarter worth $34,000. Hilltop National Bank purchased a new stake in Johnson Controls International during the second quarter valued at $35,000. Finally, NewSquare Capital LLC lifted its holdings in Johnson Controls International by 88.1% in the second quarter. NewSquare Capital LLC now owns 380 shares of the company’s stock valued at $40,000 after acquiring an additional 178 shares during the period. Institutional investors own 90.05% of the company’s stock.
Johnson Controls International Stock Performance
NYSE:JCI opened at $116.93 on Wednesday. The stock has a 50-day moving average price of $116.17 and a 200 day moving average price of $111.71. The stock has a market capitalization of $71.57 billion, a P/E ratio of 22.97, a P/E/G ratio of 1.38 and a beta of 1.41. Johnson Controls International plc has a 12-month low of $68.03 and a 12-month high of $124.07. The company has a current ratio of 0.93, a quick ratio of 0.76 and a debt-to-equity ratio of 0.66.
Johnson Controls International Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Monday, December 22nd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, December 22nd. Johnson Controls International’s payout ratio is currently 31.43%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the company. UBS Group restated a “buy” rating and set a $124.00 price target on shares of Johnson Controls International in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a report on Thursday, January 22nd. Royal Bank Of Canada lifted their price target on shares of Johnson Controls International from $116.00 to $135.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 6th. JPMorgan Chase & Co. boosted their price objective on shares of Johnson Controls International from $105.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Finally, Hsbc Global Res upgraded Johnson Controls International to a “hold” rating in a research report on Monday, November 24th. Eleven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $126.11.
Read Our Latest Stock Report on JCI
Insider Transactions at Johnson Controls International
In other Johnson Controls International news, VP Lei Zhang Schlitz sold 32,031 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $113.20, for a total transaction of $3,625,909.20. Following the completion of the transaction, the vice president owned 66,780 shares of the company’s stock, valued at $7,559,496. This represents a 32.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.29% of the company’s stock.
Johnson Controls International Profile
Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.
Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.
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