BSW Wealth Partners Takes Position in Johnson Controls International plc (NYSE:JCI)

BSW Wealth Partners purchased a new stake in Johnson Controls International plc (NYSE:JCI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,751 shares of the company’s stock, valued at approximately $217,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC lifted 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 worth $33,000 after purchasing an additional 278 shares in the last quarter. Wolff Wiese Magana LLC grew its stake 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 worth $37,000 after purchasing an additional 430 shares during the period. ST Germain D J Co. Inc. increased its stake in shares of Johnson Controls International by 32.8% in the 4th 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 Johnson Controls International in the third quarter worth $44,000. Finally, Friedenthal Financial acquired a new position in Johnson Controls International in the fourth quarter valued at about $49,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on JCI shares. JPMorgan Chase & Co. dropped their price target on Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Barclays boosted 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 note on Thursday, December 5th. Melius Research reaffirmed a “hold” rating and set a $95.00 price target on shares of Johnson Controls International in a report on Tuesday. Wells Fargo & Company decreased their target price on Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada raised their price target on shares of Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Johnson Controls International presently has a consensus rating of “Hold” and a consensus price target of $84.00.

Insiders Place Their Bets

In other news, CEO George Oliver sold 124,497 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $82.67, for a total value of $10,292,166.99. Following the completion of the transaction, the chief executive officer now owns 1,267,716 shares of the company’s stock, valued at $104,802,081.72. This represents a 8.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Marlon Sullivan sold 7,230 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total transaction of $602,620.50. Following the completion of the transaction, the executive vice president now owns 32,246 shares of the company’s stock, valued at approximately $2,687,704.10. This trade represents a 18.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 647,787 shares of company stock valued at $53,972,452 in the last 90 days. Corporate insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $76.37 on Thursday. The company’s 50 day moving average price is $81.34 and its two-hundred day moving average price is $76.44. The firm has a market capitalization of $50.41 billion, a P/E ratio of 30.06, a P/E/G ratio of 2.35 and a beta of 1.32. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. Johnson Controls International plc has a fifty-two week low of $52.02 and a fifty-two week high of $87.16.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.94%. Johnson Controls International’s dividend payout ratio is currently 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.