Avidian Wealth Enterprises LLC Acquires 150 Shares of Johnson Controls International plc (NYSE:JCI)

Avidian Wealth Enterprises LLC raised its holdings in Johnson Controls International plc (NYSE:JCI) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,427 shares of the company’s stock after acquiring an additional 150 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Johnson Controls International were worth $270,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Compass Financial Services Inc bought a new position in Johnson Controls International in the fourth quarter valued at approximately $26,000. Fortitude Family Office LLC boosted its stake in Johnson Controls International by 195.8% in the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after acquiring an additional 278 shares during the last quarter. Wolff Wiese Magana LLC boosted its stake in Johnson Controls International by 977.3% in the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after acquiring an additional 430 shares during the last quarter. Synergy Asset Management LLC bought a new position in Johnson Controls International in the fourth quarter valued at approximately $42,000. Finally, ST Germain D J Co. Inc. boosted its stake in Johnson Controls International by 32.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after acquiring an additional 134 shares during the last quarter. 90.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on JCI shares. Royal Bank of Canada raised their price objective on shares of Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a research note on Thursday, February 6th. Melius Research reissued a “hold” rating and set a $95.00 price target on shares of Johnson Controls International in a research report on Tuesday, January 28th. Oppenheimer lifted their price target on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price target on shares of Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Barclays lifted their price target 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. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Johnson Controls International currently has an average rating of “Moderate Buy” and an average target price of $91.13.

Insider Buying and Selling at Johnson Controls International

In other news, CEO George Oliver sold 224,152 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the transaction, the chief executive officer now directly owns 1,166,992 shares in the company, valued at $96,533,578.24. The trade was a 16.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $87.73, for a total transaction of $171,073.50. Following the transaction, the vice president now owns 24,803 shares in the company, valued at $2,175,967.19. This represents a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 950,878 shares of company stock worth $81,229,286. Insiders own 0.54% of the company’s stock.

Johnson Controls International Trading Down 0.6 %

JCI opened at $88.52 on Friday. The stock has a market capitalization of $58.44 billion, a P/E ratio of 33.79, a P/E/G ratio of 2.48 and a beta of 1.32. Johnson Controls International plc has a 12 month low of $55.07 and a 12 month high of $89.95. The firm’s fifty day simple moving average is $81.29 and its 200 day simple moving average is $77.47. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. As a group, research analysts anticipate that Johnson Controls International plc will post 3.52 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were paid a $0.37 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.48 annualized dividend and a yield of 1.67%. Johnson Controls International’s payout ratio is currently 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.