Magnolia Capital Advisors LLC Has $1.92 Million Stock Holdings in Johnson Controls International plc $JCI

Magnolia Capital Advisors LLC lowered its position in shares of Johnson Controls International plc (NYSE:JCI) by 2.4% during the second quarter, Holdings Channel.com reports. The firm owned 18,171 shares of the company’s stock after selling 451 shares during the quarter. Magnolia Capital Advisors LLC’s holdings in Johnson Controls International were worth $1,919,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of JCI. Truvestments Capital LLC lifted its holdings in shares of Johnson Controls International by 425.0% during the first quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock worth $25,000 after buying an additional 255 shares in the last quarter. Accent Capital Management LLC acquired a new position in Johnson Controls International in the first quarter valued at about $26,000. Cornerstone Planning Group LLC raised its stake in Johnson Controls International by 74.5% in the first quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock valued at $28,000 after purchasing an additional 155 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Johnson Controls International in the second quarter valued at about $28,000. Finally, Activest Wealth Management raised its stake in Johnson Controls International by 56.4% in the first quarter. Activest Wealth Management now owns 369 shares of the company’s stock valued at $30,000 after purchasing an additional 133 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a research note on Wednesday, October 8th. Zacks Research raised Johnson Controls International to a “hold” rating in a report on Monday, August 11th. Royal Bank Of Canada raised their target price on Johnson Controls International from $114.00 to $116.00 and gave the company a “sector perform” rating in a report on Thursday, October 16th. Barclays raised their target price on Johnson Controls International from $100.00 to $101.00 and gave the company an “equal weight” rating in a report on Wednesday, July 30th. Finally, Morgan Stanley raised their target price on Johnson Controls International from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $113.41.

Johnson Controls International Stock Performance

Johnson Controls International stock opened at $113.06 on Tuesday. The business has a 50 day moving average of $108.77 and a 200-day moving average of $103.38. Johnson Controls International plc has a 1 year low of $68.03 and a 1 year high of $116.48. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. The company has a market capitalization of $73.98 billion, a P/E ratio of 33.55, a P/E/G ratio of 1.70 and a beta of 1.33.

Johnson Controls International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Monday, September 22nd were paid a $0.40 dividend. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, September 22nd. Johnson Controls International’s payout ratio is currently 47.48%.

Insider Buying and Selling at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 5,917 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total transaction of $625,604.41. Following the completion of the transaction, the vice president directly owned 25,005 shares of the company’s stock, valued at $2,643,778.65. This trade represents a 19.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total transaction of $149,395.32. Following the sale, the vice president directly owned 139,459 shares of the company’s stock, valued at $14,651,562.54. This represents a 1.01% decrease in their position. The SEC filing for this sale provides additional information. 0.54% of the stock is owned by company insiders.

Johnson Controls International 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.