Maxwell Wealth Strategies Inc. Grows Position in Johnson Controls International plc (NYSE:JCI)

Maxwell Wealth Strategies Inc. raised its stake in Johnson Controls International plc (NYSE:JCI) by 34.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,543 shares of the company’s stock after acquiring an additional 3,984 shares during the period. Maxwell Wealth Strategies Inc.’s holdings in Johnson Controls International were worth $1,164,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of JCI. Capital World Investors increased its holdings in shares of Johnson Controls International by 85.5% in the first quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock worth $923,804,000 after purchasing an additional 6,520,580 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in 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. Toronto Dominion Bank raised its holdings in shares of Johnson Controls International by 413.5% during the 1st quarter. Toronto Dominion Bank now owns 1,935,465 shares of the company’s stock worth $126,425,000 after acquiring an additional 1,558,560 shares in the last quarter. Ceredex Value Advisors LLC bought a new position in shares of Johnson Controls International during the 2nd quarter valued at approximately $73,881,000. Finally, National Bank of Canada FI grew its holdings in shares of Johnson Controls International by 179.2% in the first quarter. National Bank of Canada FI now owns 1,568,286 shares of the company’s stock valued at $102,864,000 after purchasing an additional 1,006,524 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insiders Place Their Bets

In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total value of $231,240.00. Following the transaction, the chief operating officer now directly owns 140,488 shares of the company’s stock, valued at approximately $10,828,815.04. The trade was a 2.09 % 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 the SEC website. Also, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total value of $8,494,125.85. Following the transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at approximately $95,507,639.29. The trade was a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 226,141 shares of company stock worth $16,904,519 over the last 90 days. Company insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Mizuho upped 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 note on Thursday, October 17th. Robert W. Baird upped their price objective on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Bank of America lifted their target price on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Barclays increased their price target on Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Finally, StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Tuesday. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Johnson Controls International presently has an average rating of “Hold” and an average price target of $77.21.

Johnson Controls International Trading Down 0.9 %

NYSE JCI opened at $84.40 on Friday. Johnson Controls International plc has a one year low of $51.40 and a one year high of $87.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. The company has a market capitalization of $56.38 billion, a price-to-earnings ratio of 33.23, a price-to-earnings-growth ratio of 2.39 and a beta of 1.29. The company’s 50-day simple moving average is $76.84 and its two-hundred day simple moving average is $71.65.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Wednesday, September 25th. 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.