Red Spruce Capital LLC Increases Position in Johnson Controls International plc (NYSE:JCI)

Red Spruce Capital LLC increased its position in Johnson Controls International plc (NYSE:JCI) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,202 shares of the company’s stock after acquiring an additional 1,053 shares during the period. Red Spruce Capital LLC’s holdings in Johnson Controls International were worth $2,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Johnson Controls International Trading Up 1.7 %

JCI opened at $82.52 on Wednesday. The business’s 50 day moving average price is $81.86 and its 200 day moving average price is $75.92. 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 stock has a market capitalization of $54.64 billion, a PE ratio of 32.49, a P/E/G ratio of 2.32 and a beta of 1.32. Johnson Controls International plc has a one year low of $52.02 and a one year high of $87.16.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were issued a $0.37 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.79%. Johnson Controls International’s dividend payout ratio is currently 58.27%.

Insider Buying and Selling

In other Johnson Controls International news, CEO George Oliver sold 224,152 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total value of $18,541,853.44. Following the completion of the transaction, the chief executive officer now owns 1,166,992 shares of the company’s stock, valued at $96,533,578.24. This trade represents a 16.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the sale, the executive vice president now directly owns 32,246 shares in the company, valued at $2,687,704.10. This represents a 18.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 647,787 shares of company stock valued at $53,972,452. Company insiders own 0.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on JCI. Mizuho increased their price target on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Bank of America raised their target price on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research note on Friday, December 20th. UBS Group began coverage on Johnson Controls International in a report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price objective on the stock. Finally, Oppenheimer boosted their price target on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Johnson Controls International has an average rating of “Hold” and a consensus price target of $82.53.

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.