Synergy Asset Management LLC Invests $42,000 in Johnson Controls International plc (NYSE:JCI)

Synergy Asset Management LLC purchased a new stake in Johnson Controls International plc (NYSE:JCI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 542 shares of the company’s stock, valued at approximately $42,000.

Other large investors have also added to or reduced their stakes in the company. Strategic Planning Group LLC raised its position in shares of Johnson Controls International by 3.1% in the 4th quarter. Strategic Planning Group LLC now owns 53,558 shares of the company’s stock valued at $4,227,000 after buying an additional 1,631 shares in the last quarter. Strategic Blueprint LLC acquired a new position in Johnson Controls International during the fourth quarter valued at approximately $226,000. BSW Wealth Partners bought a new stake in Johnson Controls International during the fourth quarter worth $217,000. Perigon Wealth Management LLC boosted its holdings in shares of Johnson Controls International by 419.7% in the 4th quarter. Perigon Wealth Management LLC now owns 19,251 shares of the company’s stock valued at $1,549,000 after purchasing an additional 15,547 shares in the last quarter. Finally, Foundations Investment Advisors LLC acquired a new stake in shares of Johnson Controls International in the 4th quarter valued at $201,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Mizuho upped their price objective on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Royal Bank of Canada increased their target price on shares of Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Friday, December 20th. Barclays upped their price objective on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, Melius lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price on the stock. in a research report on Tuesday. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $87.20.

Insider Activity

In other news, EVP Marlon Sullivan sold 7,230 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the transaction, the executive vice president now directly owns 32,246 shares of the company’s stock, valued at $2,687,704.10. The trade was a 18.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO George Oliver sold 224,152 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total value of $18,541,853.44. Following the sale, the chief executive officer now directly owns 1,166,992 shares of the company’s stock, valued at $96,533,578.24. This represents a 16.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 647,787 shares of company stock valued at $53,972,452. 0.54% of the stock is currently owned by insiders.

Johnson Controls International Price Performance

Shares of JCI opened at $78.00 on Friday. The business has a 50-day moving average of $81.08 and a 200-day moving average of $76.45. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. The company has a market capitalization of $51.49 billion, a price-to-earnings ratio of 30.71, a price-to-earnings-growth ratio of 2.19 and a beta of 1.32. Johnson Controls International plc has a 1 year low of $52.02 and a 1 year high of $87.16.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were given a $0.37 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.90%. Johnson Controls International’s dividend payout ratio (DPR) is currently 58.27%.

Johnson Controls International Company 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.