Johnson Controls International plc $JCI Shares Acquired by Modera Wealth Management LLC

Modera Wealth Management LLC increased its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 222.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,324 shares of the company’s stock after acquiring an additional 7,127 shares during the period. Modera Wealth Management LLC’s holdings in Johnson Controls International were worth $1,535,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in shares of Johnson Controls International in the 3rd quarter valued at about $9,177,000. Payden & Rygel raised its holdings in Johnson Controls International by 9.4% during the third quarter. Payden & Rygel now owns 102,100 shares of the company’s stock worth $15,177,000 after acquiring an additional 8,800 shares in the last quarter. Parcion Private Wealth LLC boosted its position in Johnson Controls International by 5.5% during the third quarter. Parcion Private Wealth LLC now owns 5,508 shares of the company’s stock valued at $819,000 after purchasing an additional 287 shares during the last quarter. Soltis Investment Advisors LLC grew its stake in Johnson Controls International by 1.8% in the third quarter. Soltis Investment Advisors LLC now owns 4,969 shares of the company’s stock valued at $739,000 after purchasing an additional 90 shares in the last quarter. Finally, United Asset Strategies Inc. grew its stake in Johnson Controls International by 10.8% in the third quarter. United Asset Strategies Inc. now owns 3,206 shares of the company’s stock valued at $477,000 after purchasing an additional 313 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Stock Down 0.1%

Shares of JCI opened at $148.90 on Monday. Johnson Controls International plc has a 52 week low of $108.41 and a 52 week high of $160.41. The firm has a market cap of $90.19 billion, a P/E ratio of 31.82, a price-to-earnings-growth ratio of 1.17 and a beta of 1.27. The firm’s 50-day simple moving average is $147.36 and its 200 day simple moving average is $140.79. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.75 and a current ratio of 0.90.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Tuesday, October 27th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.07. Johnson Controls International had a net margin of 11.12% and a return on equity of 23.38%. The firm had revenue of $7.11 billion during the quarter, compared to the consensus estimate of $7.04 billion. During the same period last year, the business posted $1.26 earnings per share. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, analysts forecast that Johnson Controls International plc will post 6.29 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, September 21st were paid a $0.40 dividend. The ex-dividend date was Monday, September 21st. This represents a $1.60 annualized dividend and a yield of 1.1%. Johnson Controls International’s payout ratio is 34.19%.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Lei Schlitz sold 23,417 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the transaction, the vice president owned 15,017 shares in the company, valued at $2,298,652.19. This trade represents a 60.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Juergen Tinggren sold 4,000 shares of Johnson Controls International stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $159.19, for a total value of $636,760.00. Following the sale, the director directly owned 27,236 shares of the company’s stock, valued at $4,335,698.84. This represents a 12.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Morgan Stanley upped their price objective on Johnson Controls International from $175.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 2nd. Royal Bank Of Canada raised their target price on shares of Johnson Controls International from $161.00 to $165.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 14th. BNP Paribas Exane upped their price objective on Johnson Controls International from $130.00 to $145.00 and gave the company an “underperform” rating in a research note on Wednesday, October 28th. Wells Fargo & Company boosted their target price on Johnson Controls International from $186.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, UBS Group restated a “buy” rating on shares of Johnson Controls International in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $166.86.

About Johnson Controls International

Johnson Controls International plc (NYSE:JCI) is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.