Friedenthal Financial Acquires Shares of 626 Johnson Controls International plc (NYSE:JCI)

Friedenthal Financial bought a new position in Johnson Controls International plc (NYSE:JCI) in the fourth quarter, HoldingsChannel reports. The firm bought 626 shares of the company’s stock, valued at approximately $49,000.

Other large investors have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Johnson Controls International by 514.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock worth $418,439,000 after buying an additional 4,514,792 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Johnson Controls International by 686.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock worth $295,487,000 after acquiring an additional 3,880,146 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Johnson Controls International by 263.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,341,919 shares of the company’s stock worth $89,197,000 after purchasing an additional 973,145 shares during the period. Electron Capital Partners LLC grew its holdings in Johnson Controls International by 81.3% during the 2nd quarter. Electron Capital Partners LLC now owns 1,432,335 shares of the company’s stock valued at $95,207,000 after purchasing an additional 642,315 shares during the last quarter. Finally, Interval Partners LP raised its position in Johnson Controls International by 601.5% in the 2nd quarter. Interval Partners LP now owns 676,676 shares of the company’s stock worth $44,979,000 after purchasing an additional 580,212 shares during the period. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Up 0.9 %

NYSE:JCI opened at $79.37 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. The company’s fifty day moving average price is $81.99 and its 200-day moving average price is $75.43. Johnson Controls International plc has a 1-year low of $51.71 and a 1-year high of $87.16. The firm has a market capitalization of $52.56 billion, a P/E ratio of 31.25, a PEG ratio of 2.31 and a beta of 1.32.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Monday, December 23rd will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.86%. Johnson Controls International’s payout ratio is currently 58.27%.

Insider Activity

In other news, EVP Marlon Sullivan sold 7,230 shares of Johnson Controls International 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 directly owns 32,246 shares of the company’s stock, valued at $2,687,704.10. The trade was a 18.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Oliver sold 224,152 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the sale, the chief executive officer now directly owns 1,166,992 shares in the company, valued at $96,533,578.24. This trade represents a 16.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 647,973 shares of company stock valued at $53,986,862 in the last quarter. 0.69% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Robert W. Baird upped their target price on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Barclays increased their target price on 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. StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Bank of America raised their price target on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Royal Bank of Canada lifted their price objective on shares of Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $82.21.

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.