Mutual Advisors LLC Has $3.56 Million Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Mutual Advisors LLC decreased its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,290 shares of the company’s stock after selling 650 shares during the quarter. Mutual Advisors LLC’s holdings in Johnson Controls International were worth $3,558,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fidelis Capital Partners LLC acquired a new position in Johnson Controls International during the third quarter valued at approximately $234,000. Fortitude Family Office LLC boosted its holdings in shares of Johnson Controls International by 195.8% during the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after buying an additional 278 shares during the period. abrdn plc grew its stake in Johnson Controls International by 6.1% in the 3rd quarter. abrdn plc now owns 1,974,268 shares of the company’s stock valued at $152,157,000 after buying an additional 112,955 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Johnson Controls International by 100.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 240,077 shares of the company’s stock worth $18,721,000 after acquiring an additional 120,451 shares during the period. Finally, Klein Pavlis & Peasley Financial Inc. lifted its position in Johnson Controls International by 1.1% during the 3rd quarter. Klein Pavlis & Peasley Financial Inc. now owns 38,896 shares of the company’s stock worth $3,019,000 after acquiring an additional 429 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling at Johnson Controls International

In other news, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $76.79, for a total value of $8,494,125.85. Following the completion of the transaction, the chief executive officer now owns 1,243,751 shares in the company, valued at approximately $95,507,639.29. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the completion of the sale, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at $95,507,639.29. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the completion of the transaction, the chief operating officer now directly owns 140,488 shares in the company, valued at approximately $10,828,815.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 226,327 shares of company stock worth $16,916,720 over the last ninety days. Corporate insiders own 0.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on JCI shares. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Saturday, October 26th. Wells Fargo & Company lifted their price target on Johnson Controls International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. The Goldman Sachs Group increased their price objective on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Robert W. Baird boosted their target price on shares of Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Finally, Mizuho increased their price target on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $73.43.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $76.32 on Thursday. The business has a 50 day simple moving average of $74.35 and a 200 day simple moving average of $70.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73. The company has a market capitalization of $50.98 billion, a PE ratio of 31.93, a price-to-earnings-growth ratio of 2.20 and a beta of 1.29. Johnson Controls International plc has a one year low of $48.53 and a one year high of $78.23.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.06. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The firm had revenue of $7.23 billion during the quarter, compared to analyst estimates of $7.53 billion. During the same period in the prior year, the company posted $1.03 earnings per share. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, sell-side analysts forecast that Johnson Controls International plc will post 3.68 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is currently 61.92%.

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.