Angeles Wealth Management LLC Makes New Investment in Johnson Controls International plc (NYSE:JCI)

Angeles Wealth Management LLC bought a new position in shares of Johnson Controls International plc (NYSE:JCI) during the fourth quarter, Holdings Channel reports. The institutional investor bought 3,316 shares of the company’s stock, valued at approximately $262,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Park Avenue Securities LLC lifted its holdings in Johnson Controls International by 101.5% in the fourth quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock worth $2,093,000 after acquiring an additional 13,360 shares during the last quarter. Y Intercept Hong Kong Ltd raised its position in shares of Johnson Controls International by 136.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock worth $7,082,000 after purchasing an additional 52,719 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Johnson Controls International by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock worth $1,041,822,000 after purchasing an additional 71,493 shares during the last quarter. BNC Wealth Management LLC acquired a new position in Johnson Controls International during the 4th quarter valued at approximately $2,093,000. Finally, International Assets Investment Management LLC bought a new position in Johnson Controls International during the 3rd quarter worth $7,692,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Johnson Controls International

In other news, CEO George Oliver sold 224,152 shares of the company’s 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 completion of the sale, the chief executive officer now directly owns 1,166,992 shares of the company’s stock, valued at $96,533,578.24. This represents a 16.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the transaction, the vice president now directly owns 148,346 shares in the company, valued at $11,339,568.24. This represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 856,326 shares of company stock valued at $72,313,086 in the last three months. 0.54% of the stock is currently owned by corporate insiders.

Johnson Controls International Price Performance

NYSE:JCI opened at $89.47 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The business’s 50-day moving average price is $80.93 and its 200 day moving average price is $77.08. Johnson Controls International plc has a 52-week low of $54.07 and a 52-week high of $89.95. The firm has a market cap of $59.06 billion, a P/E ratio of 34.15, a PEG ratio of 2.48 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts predict that Johnson Controls International plc will post 3.52 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were given a dividend of $0.37 per share. The ex-dividend date was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.65%. Johnson Controls International’s dividend payout ratio (DPR) is presently 56.49%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Friday, December 20th. Robert W. Baird lifted their price objective on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Citigroup decreased their target price on shares of 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. Wells Fargo & Company lifted their price target on Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Johnson Controls International has a consensus rating of “Moderate Buy” and a consensus price target of $91.13.

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.