TKG Advisors LLC Buys Shares of 13,425 Johnson Controls International plc (NYSE:JCI)

TKG Advisors LLC purchased a new position in shares of Johnson Controls International plc (NYSE:JCI) during the 4th quarter, HoldingsChannel reports. The firm purchased 13,425 shares of the company’s stock, valued at approximately $1,095,000.

Several other hedge funds also recently modified their holdings of JCI. Metis Global Partners LLC grew its position 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 valued at $2,208,000 after acquiring an additional 127 shares during the period. Gilbert & Cook Inc. increased its position in shares of Johnson Controls International by 2.0% during the 4th quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company’s stock worth $510,000 after purchasing an additional 127 shares in the last quarter. Graypoint LLC boosted its position in Johnson Controls International by 4.1% in the fourth quarter. Graypoint LLC now owns 3,277 shares of the company’s stock valued at $259,000 after buying an additional 130 shares in the last quarter. ST Germain D J Co. Inc. grew its stake in Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after buying an additional 134 shares during the last quarter. Finally, Brooklyn Investment Group increased its holdings in shares of Johnson Controls International by 3.1% during the fourth quarter. Brooklyn Investment Group now owns 4,444 shares of the company’s stock worth $351,000 after buying an additional 135 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on JCI. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Melius lowered Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price for the company. in a research note on Tuesday, January 28th. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Friday, December 20th. Robert W. Baird raised 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. Finally, Wells Fargo & Company upped their target price on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research report 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.13.

Insider Buying and Selling

In other news, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the sale, the vice president now directly owns 148,346 shares in the company, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Daniel C. Mcconeghy sold 1,950 shares of Johnson Controls International stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the completion of the sale, the vice president now owns 24,803 shares in the company, valued at $2,175,967.19. The trade was a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 889,434 shares of company stock valued at $77,215,058. Company insiders own 0.54% of the company’s stock.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $90.64 on Wednesday. Johnson Controls International plc has a 52 week low of $56.28 and a 52 week high of $91.14. The firm has a fifty day moving average of $81.78 and a two-hundred day moving average of $78.09. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The stock has a market capitalization of $59.83 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 1.98 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating 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, 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 was paid on Friday, January 17th. Investors of record on Monday, December 23rd were given a $0.37 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 annualized dividend and a yield of 1.63%. Johnson Controls International’s dividend payout ratio is currently 56.49%.

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.