World Investment Advisors LLC Invests $5.36 Million in Johnson Controls International plc (NYSE:JCI)

World Investment Advisors LLC purchased a new position in Johnson Controls International plc (NYSE:JCI) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 69,080 shares of the company’s stock, valued at approximately $5,361,000.

A number of other hedge funds also recently bought and sold shares of the company. Metis Global Partners LLC raised its holdings in Johnson Controls International by 0.4% in the third quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock worth $2,208,000 after buying an additional 127 shares during the last quarter. Brooklyn Investment Group increased its position in shares of Johnson Controls International by 3.5% during the third quarter. Brooklyn Investment Group now owns 4,309 shares of the company’s stock valued at $334,000 after acquiring an additional 144 shares in the last quarter. Summit Trail Advisors LLC raised its holdings in Johnson Controls International by 4.6% in the 2nd quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock worth $248,000 after acquiring an additional 163 shares during the last quarter. Miracle Mile Advisors LLC lifted its position in Johnson Controls International by 1.0% in the 3rd quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company’s stock valued at $1,320,000 after acquiring an additional 163 shares in the last quarter. Finally, Berry Wealth Group LP boosted its stake in Johnson Controls International by 0.7% during the 3rd quarter. Berry Wealth Group LP now owns 25,978 shares of the company’s stock valued at $2,016,000 after purchasing an additional 177 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on JCI shares. UBS Group started coverage on Johnson Controls International in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price target for the company. Wells Fargo & Company boosted their target price on Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Bank of America boosted their price objective on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Barclays raised their target price 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. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $78.57.

Insiders Place Their Bets

In other news, EVP Marlon Sullivan sold 7,230 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the sale, the executive vice president now directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO George Oliver sold 110,616 shares of Johnson Controls International 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 approximately $105,294,598.20. This trade represents a 8.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 872,389 shares of company stock worth $70,763,920. Company insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Performance

Shares of JCI opened at $83.33 on Friday. The business has a 50-day simple moving average of $80.46 and a two-hundred day simple moving average of $73.82. 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 52 week low of $51.70 and a 52 week high of $87.16. The stock has a market cap of $55.18 billion, a price-to-earnings ratio of 32.81, a PEG ratio of 2.35 and a beta of 1.31.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Monday, December 23rd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.78%. The ex-dividend date is Monday, December 23rd. Johnson Controls International’s dividend payout ratio is 58.27%.

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.