RFG Bristol Wealth Advisors LLC Purchases Shares of 2,816 Johnson Controls International plc (NYSE:JCI)

RFG Bristol Wealth Advisors LLC acquired a new stake in Johnson Controls International plc (NYSE:JCI) during the fourth quarter, Holdings Channel.com reports. The fund acquired 2,816 shares of the company’s stock, valued at approximately $222,000.

Other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of Johnson Controls International by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 13,818,777 shares of the company’s stock worth $1,087,670,000 after acquiring an additional 343,517 shares during the last quarter. Nemes Rush Group LLC raised its stake in shares of Johnson Controls International by 11.8% in the fourth quarter. Nemes Rush Group LLC now owns 155,428 shares of the company’s stock worth $12,268,000 after purchasing an additional 16,420 shares during the last quarter. HighPoint Advisor Group LLC lifted its holdings in shares of Johnson Controls International by 1.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 8,852 shares of the company’s stock valued at $699,000 after purchasing an additional 154 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Johnson Controls International by 6.0% during the fourth quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company’s stock valued at $1,842,571,000 after buying an additional 1,325,500 shares during the last quarter. Finally, Summit Financial LLC grew its holdings in Johnson Controls International by 65.1% during the fourth quarter. Summit Financial LLC now owns 7,778 shares of the company’s stock worth $617,000 after buying an additional 3,066 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on JCI shares. Royal Bank of Canada lifted their price objective on shares of Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. Morgan Stanley upped their price objective on shares of Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Wells Fargo & Company boosted their target price on Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Citigroup decreased their price target on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Finally, Melius Research reissued a “hold” rating and issued a $95.00 price objective on shares of Johnson Controls International in a research report 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.com, Johnson Controls International presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.27.

Johnson Controls International Stock Up 1.9 %

JCI opened at $82.97 on Thursday. The company has a market cap of $54.77 billion, a PE ratio of 31.67, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The company has a 50 day moving average of $82.92 and a 200 day moving average of $80.78. Johnson Controls International plc has a 12 month low of $59.83 and a 12 month high of $91.14. 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 results 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 return on equity of 15.11% and a net margin of 6.83%. On average, sell-side analysts expect that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be given a $0.37 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.78%. Johnson Controls International’s dividend payout ratio (DPR) is currently 56.49%.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 205,168 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $88.03, for a total value 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 trade represents a 14.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Nathan D. Manning sold 1,421 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total transaction of $108,621.24. Following the completion of the transaction, the vice president now directly owns 148,346 shares in the company, valued at approximately $11,339,568.24. The trade was a 0.95 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 907,286 shares of company stock valued at $77,938,071. Corporate insiders own 0.54% of the company’s stock.

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.