Wealthfront Advisers LLC Purchases 4,496 Shares of Johnson Controls International plc (NYSE:JCI)

Wealthfront Advisers LLC boosted its position in Johnson Controls International plc (NYSE:JCI) by 27.7% in the 4th quarter, Holdings Channel reports. The firm owned 20,723 shares of the company’s stock after buying an additional 4,496 shares during the quarter. Wealthfront Advisers LLC’s holdings in Johnson Controls International were worth $1,636,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Nations Financial Group Inc. IA ADV bought a new stake in shares of Johnson Controls International during the third quarter valued at approximately $324,000. Apollon Wealth Management LLC raised its stake in shares of Johnson Controls International by 21.6% during the third quarter. Apollon Wealth Management LLC now owns 19,977 shares of the company’s stock valued at $1,550,000 after acquiring an additional 3,554 shares in the last quarter. Harbour Investments Inc. raised its stake in shares of Johnson Controls International by 12.7% during the third quarter. Harbour Investments Inc. now owns 2,866 shares of the company’s stock valued at $222,000 after acquiring an additional 322 shares in the last quarter. Simmons Bank bought a new stake in shares of Johnson Controls International during the third quarter valued at approximately $225,000. Finally, Metis Global Partners LLC raised its stake in Johnson Controls International by 0.4% in the third quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock worth $2,208,000 after buying an additional 127 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Insider Activity

In other Johnson Controls International news, CEO George Oliver sold 205,168 shares of the company’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 sale, the chief executive officer now directly owns 1,260,527 shares of the company’s stock, valued at approximately $110,964,191.81. This represents a 14.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Nathan D. Manning sold 1,421 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 906,050 shares of company stock valued at $77,839,329 over the last ninety days. 0.54% of the stock is currently owned by insiders.

Johnson Controls International Price Performance

Shares of JCI opened at $79.78 on Friday. The firm has a market capitalization of $52.67 billion, a PE ratio of 30.45, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. Johnson Controls International plc has a 1-year low of $59.83 and a 1-year high of $91.14. The company’s fifty day moving average price is $82.41 and its 200-day moving average price is $79.67.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. On average, equities research analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Monday, March 24th. Johnson Controls International’s dividend payout ratio (DPR) is presently 56.49%.

Analysts Set New Price Targets

A number of brokerages recently commented on JCI. StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Morgan Stanley boosted 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 note on Thursday, February 6th. UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. Wells Fargo & Company boosted their price objective on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada boosted 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 research note on Thursday, February 6th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.27.

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.