Arete Wealth Advisors LLC Has $510,000 Stock Position in Johnson Controls International plc (NYSE:JCI)

Arete Wealth Advisors LLC boosted its stake in shares of Johnson Controls International plc (NYSE:JCI) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,446 shares of the company’s stock after purchasing an additional 368 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Johnson Controls International were worth $510,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of JCI. World Investment Advisors raised its position in shares of Johnson Controls International by 4.5% during the fourth quarter. World Investment Advisors now owns 72,172 shares of the company’s stock valued at $5,697,000 after buying an additional 3,092 shares during the last quarter. Huntington National Bank raised its holdings in Johnson Controls International by 13.2% in the 4th quarter. Huntington National Bank now owns 16,880 shares of the company’s stock valued at $1,332,000 after acquiring an additional 1,965 shares in the last quarter. RFG Bristol Wealth Advisors LLC bought a new stake in shares of Johnson Controls International in the 4th quarter worth approximately $222,000. Geode Capital Management LLC lifted its position in shares of Johnson Controls International by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 13,818,777 shares of the company’s stock worth $1,087,670,000 after acquiring an additional 343,517 shares during the period. Finally, Nemes Rush Group LLC increased its position in shares of Johnson Controls International by 11.8% during the fourth quarter. Nemes Rush Group LLC now owns 155,428 shares of the company’s stock valued at $12,268,000 after purchasing an additional 16,420 shares during the period. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $71.84 on Friday. The business’s fifty day moving average is $82.63 and its two-hundred day moving average is $80.81. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. Johnson Controls International plc has a 52 week low of $59.83 and a 52 week high of $91.14. The firm has a market cap of $47.42 billion, a P/E ratio of 27.42, a P/E/G ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping 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%. Equities research analysts forecast that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 annualized dividend and a yield of 2.06%. Johnson Controls International’s dividend payout ratio is currently 56.49%.

Analysts Set New Price Targets

JCI has been the subject of several research reports. Citigroup reduced their target price on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research 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 target price on the stock in a research report on Friday, December 20th. Melius lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target for the company. in a research report on Tuesday, January 28th. UBS Group raised Johnson Controls International from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $90.00 to $103.00 in a report on Monday, February 10th. Finally, Wells Fargo & Company upped their price objective on Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Johnson Controls International presently has an average rating of “Moderate Buy” and a consensus target price of $91.27.

Insiders Place Their Bets

In other Johnson Controls International news, Director George Oliver sold 15,669 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $77.49, for a total value of $1,214,190.81. Following the completion of the sale, the director now owns 1,003,893 shares of the company’s stock, valued at approximately $77,791,668.57. This represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total transaction of $108,621.24. Following the transaction, the vice president now directly owns 148,346 shares in the company, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 907,286 shares of company stock worth $77,938,071. Insiders own 0.54% of the company’s stock.

Johnson Controls International Company 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.