BNC Wealth Management LLC Purchases Shares of 26,519 Johnson Controls International plc (NYSE:JCI)

BNC Wealth Management LLC acquired a new stake in shares of Johnson Controls International plc (NYSE:JCI) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 26,519 shares of the company’s stock, valued at approximately $2,093,000.

A number of other large investors have also recently made changes to their positions in JCI. Fortitude Family Office LLC lifted its position 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 valued at $33,000 after buying an additional 278 shares in the last quarter. Wolff Wiese Magana LLC lifted its position in shares of Johnson Controls International by 977.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after buying an additional 430 shares in the last quarter. ST Germain D J Co. Inc. lifted its position in shares of Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after buying an additional 134 shares in the last quarter. Western Pacific Wealth Management LP purchased a new position in shares of Johnson Controls International during the 3rd quarter valued at about $44,000. Finally, Friedenthal Financial purchased a new position in shares of Johnson Controls International during the 4th quarter valued at about $49,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Citigroup lowered their price objective on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Wells Fargo & Company reduced their price objective on Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada upped their target price on Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Barclays increased their price objective on Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Finally, Mizuho increased their price target on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $82.53.

Insider Activity at Johnson Controls International

In other news, CEO George Oliver sold 124,497 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $82.67, for a total transaction of $10,292,166.99. Following the completion of the transaction, the chief executive officer now directly owns 1,267,716 shares in the company, valued at approximately $104,802,081.72. The trade was a 8.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 32,246 shares of the company’s stock, valued at $2,687,704.10. This trade represents a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 647,973 shares of company stock valued at $53,986,862. 0.69% of the stock is owned by corporate insiders.

Johnson Controls International Stock Up 1.1 %

Johnson Controls International stock opened at $81.34 on Friday. The company has a market capitalization of $53.86 billion, a P/E ratio of 32.02, a PEG ratio of 2.20 and a beta of 1.32. Johnson Controls International plc has a fifty-two week low of $52.02 and a fifty-two week high of $87.16. The stock has a 50-day simple moving average of $81.96 and a 200-day simple moving average of $75.69. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s dividend payout ratio is currently 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.