Kestra Private Wealth Services LLC Grows Position in Johnson Controls International plc (NYSE:JCI)

Kestra Private Wealth Services LLC increased its position in Johnson Controls International plc (NYSE:JCI) by 10.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,369 shares of the company’s stock after buying an additional 7,144 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Johnson Controls International were worth $5,791,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JCI. Empowered Funds LLC lifted its stake in Johnson Controls International by 3.1% in the fourth quarter. Empowered Funds LLC now owns 43,922 shares of the company’s stock worth $3,467,000 after acquiring an additional 1,329 shares during the period. Farmers & Merchants Investments Inc. lifted its holdings in Johnson Controls International by 11,012.4% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 55,562 shares of the company’s stock worth $4,386,000 after buying an additional 55,062 shares during the period. Kingsview Wealth Management LLC boosted its position in Johnson Controls International by 6.4% during the 4th quarter. Kingsview Wealth Management LLC now owns 5,784 shares of the company’s stock valued at $457,000 after acquiring an additional 348 shares in the last quarter. Realta Investment Advisors bought a new position in shares of Johnson Controls International in the 4th quarter worth approximately $492,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Johnson Controls International in the 4th quarter valued at approximately $64,000. 90.05% of the stock is currently owned by institutional investors.

Insider Activity at Johnson Controls International

In other news, EVP Marlon Sullivan sold 7,230 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total transaction of $602,620.50. Following the sale, the executive vice president now directly owns 32,246 shares in the company, valued at $2,687,704.10. This trade represents a 18.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Oliver sold 205,168 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the completion of the transaction, the chief executive officer now directly owns 1,260,527 shares of the company’s stock, valued at $110,964,191.81. This represents a 14.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 856,326 shares of company stock worth $72,313,086. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on JCI shares. Melius Research reaffirmed a “hold” rating and issued a $95.00 price target on shares of Johnson Controls International in a research note on Tuesday, January 28th. UBS Group assumed coverage on Johnson Controls International in a report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 target price on the stock. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. raised their price objective on shares of Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Barclays lifted their target price on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $90.27.

Johnson Controls International Price Performance

NYSE JCI opened at $87.76 on Monday. The stock has a market capitalization of $57.93 billion, a price-to-earnings ratio of 33.50, a PEG ratio of 2.48 and a beta of 1.32. Johnson Controls International plc has a 1-year low of $54.07 and a 1-year high of $88.90. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.79. The business’s fifty day moving average price is $80.93 and its 200-day moving average price is $77.01.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. On average, equities analysts predict that Johnson Controls International plc will post 3.52 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s dividend payout ratio is presently 56.49%.

About Johnson Controls International

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.