Golden State Wealth Management LLC Invests $64,000 in Johnson Controls International plc (NYSE:JCI)

Golden State Wealth Management LLC bought a new stake in Johnson Controls International plc (NYSE:JCI) during the fourth quarter, Holdings Channel.com reports. The fund bought 808 shares of the company’s stock, valued at approximately $64,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its stake in Johnson Controls International by 1.1% in the third quarter. State Street Corp now owns 27,939,766 shares of the company’s stock valued at $2,178,595,000 after acquiring an additional 300,712 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Johnson Controls International by 3.4% in the 3rd quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company’s stock valued at $1,187,084,000 after purchasing an additional 509,293 shares during the period. Geode Capital Management LLC boosted its position in shares of Johnson Controls International by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock valued at $1,041,822,000 after purchasing an additional 71,493 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Johnson Controls International by 514.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock worth $418,439,000 after buying an additional 4,514,792 shares during the last quarter. Finally, Raymond James & Associates increased its position in Johnson Controls International by 5.6% during the third quarter. Raymond James & Associates now owns 4,735,147 shares of the company’s stock worth $367,495,000 after buying an additional 249,405 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Stock Up 2.1 %

JCI opened at $89.47 on Tuesday. The firm has a market cap of $59.06 billion, a P/E ratio of 34.15, a PEG ratio of 2.48 and a beta of 1.32. The business’s fifty day simple moving average is $80.93 and its 200 day simple moving average is $77.08. Johnson Controls International plc has a 52 week low of $54.07 and a 52 week high of $89.95. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates 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 anticipate that Johnson Controls International plc will post 3.52 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s dividend payout ratio is presently 56.49%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Wells Fargo & Company raised their price objective 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. Melius Research reaffirmed a “hold” rating and issued a $95.00 target price on shares of Johnson Controls International in a report on Tuesday, January 28th. Morgan Stanley raised their price target on Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Mizuho boosted their price target on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.13.

Insider Transactions at Johnson Controls International

In related news, CEO George Oliver sold 224,152 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the transaction, the chief executive officer now directly owns 1,166,992 shares in the company, valued at approximately $96,533,578.24. This represents a 16.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Daniel C. Mcconeghy sold 1,950 shares of Johnson Controls International stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $87.73, for a total value of $171,073.50. Following the completion of the sale, the vice president now owns 24,803 shares of the company’s stock, valued at $2,175,967.19. This trade represents a 7.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 856,326 shares of company stock worth $72,313,086 over the last quarter. 0.54% of the stock is currently owned by insiders.

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.