Phoenix Wealth Advisors lowered its holdings in Johnson Controls International plc (NYSE:JCI – Free Report) by 36.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,360 shares of the company’s stock after selling 11,064 shares during the quarter. Phoenix Wealth Advisors’ holdings in Johnson Controls International were worth $2,129,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Caitong International Asset Management Co. Ltd acquired a new position in shares of Johnson Controls International in the 2nd quarter valued at $28,000. MTM Investment Management LLC acquired a new stake in Johnson Controls International in the 2nd quarter valued at $32,000. Elevation Point Wealth Partners LLC bought a new stake in Johnson Controls International in the second quarter valued at $34,000. Hilltop National Bank bought a new position in shares of Johnson Controls International during the second quarter valued at $35,000. Finally, NewSquare Capital LLC boosted its stake in shares of Johnson Controls International by 88.1% in the 2nd quarter. NewSquare Capital LLC now owns 380 shares of the company’s stock valued at $40,000 after purchasing an additional 178 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.
Johnson Controls International Stock Performance
Shares of JCI stock opened at $114.66 on Friday. The stock has a market capitalization of $70.07 billion, a PE ratio of 22.53, a PEG ratio of 1.36 and a beta of 1.41. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.93 and a quick ratio of 0.76. Johnson Controls International plc has a one year low of $68.03 and a one year high of $124.07. The business’s 50 day simple moving average is $116.79 and its 200 day simple moving average is $111.19.
Johnson Controls International Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Monday, December 22nd were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.60 annualized dividend and a yield of 1.4%. Johnson Controls International’s payout ratio is currently 31.43%.
Insiders Place Their Bets
In related news, VP Lei Zhang Schlitz sold 32,031 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president directly owned 66,780 shares in the company, valued at approximately $7,559,496. This represents a 32.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Johnson Controls International in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on shares of Johnson Controls International from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Morgan Stanley raised their price objective on shares of Johnson Controls International from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday. HSBC increased their price objective on shares of Johnson Controls International from $79.00 to $127.00 and gave the stock a “hold” rating in a research note on Monday, November 24th. Finally, Wolfe Research boosted their price objective on shares of Johnson Controls International from $138.00 to $139.00 and gave the stock an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, Johnson Controls International currently has an average rating of “Moderate Buy” and a consensus target price of $127.26.
Read Our Latest Stock Report on Johnson Controls International
About Johnson Controls International
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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