Peapack Gladstone Financial Corp Acquires 763 Shares of Johnson Controls International plc (NYSE:JCI)

Peapack Gladstone Financial Corp boosted its stake in Johnson Controls International plc (NYSE:JCI) by 8.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,669 shares of the company’s stock after acquiring an additional 763 shares during the period. Peapack Gladstone Financial Corp’s holdings in Johnson Controls International were worth $751,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. MONECO Advisors LLC bought a new position in Johnson Controls International in the second quarter worth about $213,000. Nisa Investment Advisors LLC raised its position in shares of Johnson Controls International by 1.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 119,626 shares of the company’s stock worth $7,996,000 after acquiring an additional 1,940 shares in the last quarter. Continuum Advisory LLC raised its position in shares of Johnson Controls International by 65.2% in the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after acquiring an additional 208 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Johnson Controls International by 6.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,619 shares of the company’s stock valued at $307,000 after purchasing an additional 288 shares during the period. Finally, First Citizens Bank & Trust Co. boosted its position in shares of Johnson Controls International by 6.1% during the second quarter. First Citizens Bank & Trust Co. now owns 41,195 shares of the company’s stock valued at $2,738,000 after purchasing an additional 2,360 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on JCI shares. Barclays raised their price objective on Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. UBS Group began coverage on shares of Johnson Controls International in a report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price objective on the stock. Mizuho lifted their target price on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Morgan Stanley started coverage on 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. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $80.38.

Insider Buying and Selling

In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the transaction, the chief executive officer now owns 1,243,751 shares in the company, valued at approximately $95,507,639.29. This represents a 8.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total transaction of $231,240.00. Following the sale, the chief operating officer now owns 140,488 shares of the company’s stock, valued at $10,828,815.04. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 761,774 shares of company stock worth $62,725,528 in the last ninety days. 0.69% of the stock is owned by insiders.

Johnson Controls International Trading Down 0.8 %

Shares of JCI opened at $82.63 on Monday. Johnson Controls International plc has a 1-year low of $51.71 and a 1-year high of $87.16. The firm has a market capitalization of $54.72 billion, a price-to-earnings ratio of 32.53, a PEG ratio of 2.31 and a beta of 1.31. The company has a 50-day moving average of $80.60 and a 200 day moving average of $73.90. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79.

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 given a $0.37 dividend. The ex-dividend date is Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.79%. Johnson Controls International’s payout ratio is 58.27%.

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.