Flagship Wealth Advisors LLC Acquires New Position in Johnson Controls International plc (NYSE:JCI)

Flagship Wealth Advisors LLC bought a new position in shares of Johnson Controls International plc (NYSE:JCI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 610 shares of the company’s stock, valued at approximately $48,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Parallel Advisors LLC grew its stake in shares of Johnson Controls International by 11.6% during the fourth quarter. Parallel Advisors LLC now owns 7,986 shares of the company’s stock worth $630,000 after buying an additional 828 shares during the last quarter. Cibc World Markets Corp grew its stake in shares of Johnson Controls International by 15.8% during the fourth quarter. Cibc World Markets Corp now owns 105,416 shares of the company’s stock worth $8,320,000 after buying an additional 14,390 shares during the last quarter. Twin Tree Management LP grew its stake in shares of Johnson Controls International by 9.1% during the fourth quarter. Twin Tree Management LP now owns 50,740 shares of the company’s stock worth $4,005,000 after buying an additional 4,245 shares during the last quarter. GWN Securities Inc. bought a new stake in shares of Johnson Controls International during the fourth quarter worth $262,000. Finally, Greenwich Wealth Management LLC grew its stake in shares of Johnson Controls International by 3.7% during the fourth quarter. Greenwich Wealth Management LLC now owns 31,929 shares of the company’s stock worth $2,520,000 after buying an additional 1,135 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $81.46 on Tuesday. The firm’s 50-day moving average price is $82.45 and its 200-day moving average price is $79.87. Johnson Controls International plc has a 1-year low of $59.83 and a 1-year high of $91.14. The firm has a market capitalization of $53.77 billion, a P/E ratio of 31.09, a P/E/G ratio of 1.96 and a beta of 1.32. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share 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%. Equities research analysts anticipate that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be issued a $0.37 dividend. The ex-dividend date is Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.82%. Johnson Controls International’s dividend payout ratio is presently 56.49%.

Insider Buying and Selling

In related news, Director George Oliver sold 15,669 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $77.49, for a total value of $1,214,190.81. Following the sale, the director now owns 1,003,893 shares in the company, valued at $77,791,668.57. This represents a 1.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the company’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 completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 906,050 shares of company stock worth $77,839,329 in the last quarter. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on JCI. Citigroup decreased their target price on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. JPMorgan Chase & Co. boosted their price objective on shares of Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. Melius Research reissued a “hold” rating and issued a $95.00 price objective on shares of Johnson Controls International in a research note on Tuesday, January 28th. Finally, Melius cut shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective on the stock. in a research note on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Johnson Controls International currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.27.

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.