Kestra Investment Management LLC Invests $488,000 in Johnson Controls International plc (NYSE:JCI)

Kestra Investment Management LLC bought a new position in Johnson Controls International plc (NYSE:JCI) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 6,288 shares of the company’s stock, valued at approximately $488,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers lifted its position in Johnson Controls International by 470.9% in the first quarter. Cetera Investment Advisers now owns 157,980 shares of the company’s stock worth $10,319,000 after purchasing an additional 130,308 shares during the period. International Assets Investment Management LLC bought a new position in Johnson Controls International in the third quarter worth $7,692,000. CIBC Asset Management Inc lifted its position in Johnson Controls International by 6.8% in the third quarter. CIBC Asset Management Inc now owns 117,328 shares of the company’s stock worth $9,106,000 after purchasing an additional 7,433 shares during the period. Nwam LLC bought a new position in Johnson Controls International in the third quarter worth $701,000. Finally, Cerity Partners LLC lifted its position in Johnson Controls International by 35.9% in the third quarter. Cerity Partners LLC now owns 56,493 shares of the company’s stock worth $4,385,000 after purchasing an additional 14,925 shares during the period. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Stock Performance

Shares of NYSE:JCI opened at $83.86 on Monday. The business has a fifty day moving average of $79.17 and a 200-day moving average of $73.09. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. The firm has a market cap of $55.53 billion, a PE ratio of 33.02, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29. Johnson Controls International plc has a twelve month low of $51.70 and a twelve month high of $87.16.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were given a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a yield of 1.76%. Johnson Controls International’s payout ratio is 58.27%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Robert W. Baird raised their target price on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Bank of America lifted their price objective on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. Oppenheimer lifted their price objective on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Barclays lifted their price objective on Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Twelve research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $77.21.

Insider Buying and Selling

In related news, CEO George Oliver sold 110,616 shares of Johnson Controls International stock in a transaction dated Friday, November 15th. The stock was 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 in the company, valued at $105,294,598.20. This trade represents a 8.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total value of $84,899.25. Following the completion of the sale, the chief operating officer now owns 143,488 shares of the company’s stock, valued at approximately $10,438,752. The trade was a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 741,829 shares of company stock worth $59,952,007 over the last three months. 0.69% of the stock is currently owned by company insiders.

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.