Geneos Wealth Management Inc. Grows Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Geneos Wealth Management Inc. grew its stake in Johnson Controls International plc (NYSE:JCI) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,019 shares of the company’s stock after purchasing an additional 830 shares during the period. Geneos Wealth Management Inc.’s holdings in Johnson Controls International were worth $6,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in JCI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Johnson Controls International by 514.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock valued at $418,439,000 after buying an additional 4,514,792 shares in the last quarter. Point72 Asset Management L.P. boosted its position in shares of Johnson Controls International by 263.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,341,919 shares of the company’s stock valued at $89,197,000 after acquiring an additional 973,145 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Johnson Controls International by 3.4% in the third quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company’s stock valued at $1,187,084,000 after purchasing an additional 509,293 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Johnson Controls International during the fourth quarter worth about $32,609,000. Finally, Worldquant Millennium Advisors LLC purchased a new position in Johnson Controls International during the third quarter worth about $25,065,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Buying and Selling

In related news, EVP Marlon Sullivan sold 7,230 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total transaction of $602,620.50. Following the completion of the transaction, the executive vice president now owns 32,246 shares in the company, valued at approximately $2,687,704.10. The trade was a 18.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO George Oliver sold 110,616 shares of the firm’s stock in a transaction 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 owns 1,244,617 shares in the company, valued at approximately $105,294,598.20. This represents a 8.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 647,787 shares of company stock valued at $53,972,452 in the last three months. 0.69% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Royal Bank of Canada increased their price target on shares of 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. Bank of America raised their target price on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Friday, December 20th. Mizuho raised their price objective 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. Finally, UBS Group assumed coverage on shares of Johnson Controls International in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 target price on the stock. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $82.53.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $81.65 on Friday. The firm has a 50 day moving average of $81.62 and a two-hundred day moving average of $76.22. The stock has a market capitalization of $53.90 billion, a PE ratio of 32.14, a P/E/G ratio of 2.35 and a beta of 1.32. 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 $52.02 and a 52 week high of $87.16.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were issued a $0.37 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.81%. Johnson Controls International’s dividend payout ratio (DPR) is presently 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.