Financial Management Professionals Inc. Raises Stock Position in Johnson Controls International plc (NYSE:JCI)

Financial Management Professionals Inc. boosted its position in shares of Johnson Controls International plc (NYSE:JCI) by 12.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,199 shares of the company’s stock after buying an additional 898 shares during the quarter. Financial Management Professionals Inc.’s holdings in Johnson Controls International were worth $647,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC increased its position in shares of Johnson Controls International by 195.8% during 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 increased its position in shares of Johnson Controls International by 977.3% during 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. ST Germain D J Co. Inc. increased its position in shares of Johnson Controls International by 32.8% during 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. Western Pacific Wealth Management LP acquired a new stake in shares of Johnson Controls International during the third quarter valued at about $44,000. Finally, Friedenthal Financial acquired a new stake in shares of Johnson Controls International during the fourth quarter valued at about $49,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Johnson Controls International

In related news, EVP Marlon Sullivan sold 7,230 shares of Johnson Controls International stock in a transaction on Wednesday, December 11th. The shares were 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 in the company, valued at $2,687,704.10. This trade represents a 18.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO George Oliver sold 124,497 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $82.67, for a total transaction of $10,292,166.99. Following the transaction, the chief executive officer now owns 1,267,716 shares of the company’s stock, valued at approximately $104,802,081.72. The trade was a 8.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 647,973 shares of company stock worth $53,986,862 in the last 90 days. 0.69% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on JCI. Mizuho lifted their price target on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Bank of America lifted their price objective on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. Barclays lifted their price objective on shares of Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Finally, Citigroup dropped their price objective on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $82.53.

Johnson Controls International Stock Up 1.1 %

Shares of NYSE:JCI opened at $81.34 on Friday. The company has a market capitalization of $53.86 billion, a PE ratio of 32.02, a P/E/G ratio of 2.20 and a beta of 1.32. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. Johnson Controls International plc has a twelve month low of $52.02 and a twelve month high of $87.16. The firm has a 50 day simple moving average of $81.96 and a 200-day simple moving average of $75.69.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were given a $0.37 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.48 annualized dividend and a yield of 1.82%. Johnson Controls International’s dividend payout ratio (DPR) is 58.27%.

Johnson Controls International 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.