Kovitz Investment Group Partners LLC Has $1.71 Million Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Kovitz Investment Group Partners LLC boosted its position in shares of Johnson Controls International plc (NYSE:JCI) by 16.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,028 shares of the company’s stock after purchasing an additional 3,191 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Johnson Controls International were worth $1,710,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Worldquant Millennium Advisors LLC bought a new position in shares of Johnson Controls International during the third quarter worth about $25,065,000. Wahed Invest LLC boosted its position in Johnson Controls International by 9.7% during the 3rd quarter. Wahed Invest LLC now owns 16,209 shares of the company’s stock worth $1,258,000 after acquiring an additional 1,435 shares during the last quarter. Weiss Asset Management LP bought a new position in shares of Johnson Controls International during the 3rd quarter worth approximately $2,209,000. Temasek Holdings Private Ltd acquired a new stake in shares of Johnson Controls International in the third quarter valued at approximately $3,339,000. Finally, State Street Corp lifted its position in shares of Johnson Controls International by 1.1% in the third quarter. State Street Corp now owns 27,939,766 shares of the company’s stock worth $2,178,595,000 after purchasing an additional 300,712 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Down 1.3 %

Johnson Controls International stock opened at $82.79 on Wednesday. Johnson Controls International plc has a fifty-two week low of $51.70 and a fifty-two week high of $87.16. 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’s 50-day simple moving average is $80.04 and its 200 day simple moving average is $73.61. The stock has a market cap of $54.82 billion, a PE ratio of 32.59, a price-to-earnings-growth ratio of 2.35 and a beta of 1.31.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Monday, December 23rd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.48 annualized dividend and a yield of 1.79%. Johnson Controls International’s payout ratio is currently 58.27%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on JCI. Morgan Stanley initiated coverage on shares of Johnson Controls International in a research report on Friday, September 6th. They issued an “overweight” rating and a $85.00 target price for the company. Mizuho raised their price objective on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Wells Fargo & Company upped their target price on Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Royal Bank of Canada raised 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, StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Twelve research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Johnson Controls International currently has an average rating of “Hold” and an average price target of $78.57.

Insider Buying and Selling

In related news, COO Nathan D. Manning sold 3,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the sale, the chief operating officer now owns 140,488 shares in the company, valued at approximately $10,828,815.04. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO George Oliver sold 224,152 shares of Johnson Controls International stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total value of $18,541,853.44. Following the sale, the chief executive officer now owns 1,166,992 shares of the company’s stock, valued at approximately $96,533,578.24. This trade represents a 16.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 865,159 shares of company stock worth $70,161,300. Insiders own 0.69% of the company’s stock.

Johnson Controls International 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.