Johnson Controls International plc (NYSE:JCI) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of Johnson Controls International plc (NYSE:JCI) by 0.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,958,883 shares of the company’s stock after acquiring an additional 3,638 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Johnson Controls International were worth $307,249,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Fortitude Family Office LLC lifted its holdings in shares of Johnson Controls International by 195.8% in the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after purchasing an additional 278 shares in the last quarter. Wolff Wiese Magana LLC lifted its stake in Johnson Controls International by 977.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after acquiring an additional 430 shares in the last quarter. Continuum Advisory LLC grew its stake in Johnson Controls International by 65.2% during the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after acquiring an additional 208 shares in the last quarter. Western Pacific Wealth Management LP purchased a new stake in shares of Johnson Controls International in the third quarter worth approximately $44,000. Finally, Friedenthal Financial purchased a new stake in Johnson Controls International in the 2nd quarter worth approximately $47,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insiders Place Their Bets

In related news, CEO George Oliver sold 224,152 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Nathan D. Manning sold 3,000 shares of the stock in a transaction that occurred 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 directly owns 140,488 shares of the company’s stock, valued at approximately $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. Over the last three months, insiders have sold 561,095 shares of company stock worth $44,820,037. Company insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Performance

JCI stock opened at $83.45 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. The stock has a market capitalization of $55.26 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29. The company has a 50 day moving average price of $78.13 and a 200 day moving average price of $72.38. Johnson Controls International plc has a fifty-two week low of $51.70 and a fifty-two week high of $87.16.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is currently 58.27%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Robert W. Baird upped their price target on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. The Goldman Sachs Group raised their price target on Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Mizuho increased their price objective on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Barclays lifted their target price on shares of Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company increased their target price on shares of Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Twelve research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Johnson Controls International presently has an average rating of “Hold” and a consensus price target of $77.21.

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.