Teamwork Financial Advisors LLC Acquires New Shares in Johnson Controls International plc (NYSE:JCI)

Teamwork Financial Advisors LLC bought a new position in shares of Johnson Controls International plc (NYSE:JCI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 36,764 shares of the company’s stock, valued at approximately $2,902,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Fortitude Family Office LLC grew 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 valued at $33,000 after purchasing an additional 278 shares during the last quarter. Wolff Wiese Magana LLC grew its stake in shares of Johnson Controls International by 977.3% during the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after buying an additional 430 shares during the last quarter. ST Germain D J Co. Inc. increased its holdings in shares of 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 in the last quarter. Western Pacific Wealth Management LP bought a new position in shares of Johnson Controls International in the 3rd quarter valued at $44,000. Finally, Friedenthal Financial bought a new position in shares of Johnson Controls International in the 4th quarter valued at $49,000. Institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on JCI. Citigroup lowered their target price on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a report on Friday, December 20th. Bank of America lifted their target price on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Mizuho raised 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. Finally, Barclays lifted their price target on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $82.53.

Insider Buying and Selling

In other Johnson Controls International news, CEO George Oliver sold 124,497 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $82.67, for a total transaction of $10,292,166.99. Following the transaction, the chief executive officer now owns 1,267,716 shares in the company, valued at approximately $104,802,081.72. This represents a 8.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Marlon Sullivan sold 7,230 shares of Johnson Controls International stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total transaction of $602,620.50. Following the transaction, the executive vice president now owns 32,246 shares of the company’s stock, valued at $2,687,704.10. This represents a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 647,787 shares of company stock worth $53,972,452 in the last ninety days. Corporate insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $82.13 on Thursday. The business has a 50-day simple moving average of $81.73 and a 200 day simple moving average of $76.08. Johnson Controls International plc has a one year low of $52.02 and a one year high of $87.16. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. The firm has a market capitalization of $54.38 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 2.36 and a beta of 1.32.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s payout ratio is 58.27%.

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.