Saxon Interests Inc. Purchases 855 Shares of Johnson Controls International plc (NYSE:JCI)

Saxon Interests Inc. boosted its position in Johnson Controls International plc (NYSE:JCI) by 9.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,667 shares of the company’s stock after acquiring an additional 855 shares during the quarter. Saxon Interests Inc.’s holdings in Johnson Controls International were worth $763,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Alliance acquired a new position in shares of Johnson Controls International during the 2nd quarter worth $241,000. Meiji Yasuda Asset Management Co Ltd. raised its stake in Johnson Controls International by 4.4% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 22,781 shares of the company’s stock worth $1,514,000 after acquiring an additional 950 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Johnson Controls International by 19.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 56,962 shares of the company’s stock worth $3,753,000 after acquiring an additional 9,293 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of Johnson Controls International by 13.2% in the 2nd quarter. Blair William & Co. IL now owns 11,676 shares of the company’s stock valued at $776,000 after purchasing an additional 1,358 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Johnson Controls International by 83.1% during the 2nd quarter. Hsbc Holdings PLC now owns 582,039 shares of the company’s stock valued at $38,947,000 after purchasing an additional 264,187 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Johnson Controls International

In other news, EVP Marlon Sullivan sold 7,230 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total transaction 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO George Oliver sold 110,616 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the transaction, the chief executive officer now owns 1,244,617 shares in the company, valued at $105,294,598.20. The trade was a 8.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 647,973 shares of company stock worth $53,986,862 in the last 90 days. Corporate insiders own 0.69% of the company’s stock.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $80.94 on Friday. The company has a market capitalization of $53.60 billion, a PE ratio of 31.88, a P/E/G ratio of 2.20 and a beta of 1.32. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. Johnson Controls International plc has a twelve month low of $52.02 and a twelve month high of $87.16. The firm has a fifty day simple moving average of $82.06 and a 200 day simple moving average of $75.55.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, December 23rd will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Monday, December 23rd. Johnson Controls International’s dividend payout ratio is 58.27%.

Wall Street Analysts Forecast Growth

JCI has been the subject of several research reports. Wells Fargo & Company dropped their price objective on shares of Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. UBS Group began coverage on Johnson Controls International in a report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price objective on the stock. JPMorgan Chase & Co. reduced their price objective on Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday. Robert W. Baird increased their target price on 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, Bank of America boosted their price target on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $82.53.

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.