Kestra Investment Management LLC Purchases Shares of 6,288 Johnson Controls International plc (NYSE:JCI)

Kestra Investment Management LLC purchased a new stake in Johnson Controls International plc (NYSE:JCI) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 6,288 shares of the company’s stock, valued at approximately $488,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Alethea Capital Management LLC acquired a new stake in Johnson Controls International in the 3rd quarter valued at about $428,000. Widmann Financial Services Inc. lifted its stake in Johnson Controls International by 16.4% during the third quarter. Widmann Financial Services Inc. now owns 7,672 shares of the company’s stock valued at $595,000 after buying an additional 1,080 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in Johnson Controls International during the third quarter valued at about $3,641,000. Fred Alger Management LLC lifted its stake in Johnson Controls International by 19.1% during the third quarter. Fred Alger Management LLC now owns 49,233 shares of the company’s stock valued at $3,821,000 after buying an additional 7,881 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in Johnson Controls International by 3.1% during the third quarter. Rockefeller Capital Management L.P. now owns 411,373 shares of the company’s stock valued at $31,920,000 after buying an additional 12,547 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on JCI. Royal Bank of Canada upped their price objective on shares of Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Wells Fargo & Company upped their price objective on shares of Johnson Controls International from $84.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Barclays upped their price objective on shares of Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Morgan Stanley initiated coverage on shares of Johnson Controls International in a research note on Friday, September 6th. They set an “overweight” rating and a $85.00 price objective for the company. Finally, Mizuho increased their price target on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Johnson Controls International currently has an average rating of “Hold” and an average price target of $77.21.

Johnson Controls International Trading Up 0.2 %

NYSE:JCI opened at $83.86 on Monday. The stock’s 50 day moving average price is $79.17 and its 200 day moving average price is $73.09. Johnson Controls International plc has a 52 week low of $51.70 and a 52 week high of $87.16. The company has a market capitalization of $55.53 billion, a P/E ratio of 33.02, a P/E/G ratio of 2.34 and a beta of 1.29. 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 disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were issued a $0.37 dividend. The ex-dividend date was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a yield of 1.76%. Johnson Controls International’s dividend payout ratio is currently 58.27%.

Insider Buying and Selling

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total transaction of $84,899.25. Following the transaction, the chief operating officer now owns 143,488 shares in the company, valued at $10,438,752. This trade represents a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO George Oliver sold 110,616 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $84.60, for a total value of $9,358,113.60. Following the transaction, the chief executive officer now owns 1,244,617 shares in the company, valued at approximately $105,294,598.20. This trade represents a 8.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 741,829 shares of company stock worth $59,952,007. Insiders own 0.69% of the company’s stock.

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.