TrueWealth Advisors LLC Purchases Shares of 6,542 Johnson Controls International plc (NYSE:JCI)

TrueWealth Advisors LLC acquired a new stake in Johnson Controls International plc (NYSE:JCI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,542 shares of the company’s stock, valued at approximately $516,000.

Other hedge funds also recently modified their holdings of the company. Fortitude Family Office LLC raised its holdings in Johnson Controls International by 195.8% in the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after acquiring an additional 278 shares during the period. Wolff Wiese Magana LLC grew its position in shares of Johnson Controls International by 977.3% in the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after purchasing an additional 430 shares during the last quarter. ST Germain D J Co. Inc. increased its stake in shares of Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after purchasing an additional 134 shares during the period. Western Pacific Wealth Management LP acquired a new stake in Johnson Controls International during the 3rd quarter worth approximately $44,000. Finally, Friedenthal Financial bought a new stake in Johnson Controls International in the 4th quarter valued at $49,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analyst Ratings Changes

JCI has been the topic of several research reports. Wells Fargo & Company decreased their price target on shares of Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Mizuho increased their price target on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Robert W. Baird increased their target price on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada boosted their price target on 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. Finally, Bank of America increased their price objective on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $82.53.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $81.34 on Friday. The business’s 50 day simple moving average is $82.03 and its 200 day simple moving average is $75.58. 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 plc has a one year low of $52.02 and a one year high of $87.16. The stock has a market capitalization of $53.86 billion, a PE ratio of 32.02, a PEG ratio of 2.20 and a beta of 1.32.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were paid a $0.37 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.82%. Johnson Controls International’s dividend payout ratio is currently 58.27%.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, EVP Marlon Sullivan sold 7,230 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the transaction, the executive vice president now owns 32,246 shares in the company, valued at approximately $2,687,704.10. This represents a 18.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Oliver sold 110,616 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 1,244,617 shares of the company’s stock, valued at $105,294,598.20. This trade represents a 8.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 647,973 shares of company stock worth $53,986,862 in the last quarter. Company insiders own 0.69% of the company’s stock.

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.