MQS Management LLC Buys New Stake in Johnson Controls International plc (NYSE:JCI)

14 Nov 2024, 06:05 by Amy Steele · The Cerbat Gem

MQS Management LLC purchased a new position in shares of Johnson Controls International plc (NYSE:JCI – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,732 shares of the company’s stock, valued at approximately $522,000.

Several other institutional investors and hedge funds have also made changes to their positions in JCI. Summit Trail Advisors LLC lifted its stake in Johnson Controls International by 4.6% during the second quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock worth $248,000 after purchasing an additional 163 shares during the last quarter. Miracle Mile Advisors LLC raised its holdings in Johnson Controls International by 1.0% during the third quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company’s stock worth $1,320,000 after purchasing an additional 163 shares in the last quarter. Berry Wealth Group LP lifted its position in shares of Johnson Controls International by 0.7% during the 3rd quarter. Berry Wealth Group LP now owns 25,978 shares of the company’s stock worth $2,016,000 after buying an additional 177 shares during the last quarter. Center for Financial Planning Inc. boosted its holdings in shares of Johnson Controls International by 5.7% in the 2nd quarter. Center for Financial Planning Inc. now owns 3,485 shares of the company’s stock valued at $232,000 after buying an additional 187 shares in the last quarter. Finally, Wedmont Private Capital grew its position in shares of Johnson Controls International by 3.1% in the 2nd quarter. Wedmont Private Capital now owns 6,440 shares of the company’s stock valued at $451,000 after buying an additional 192 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Johnson Controls International

In related news, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $90,383,385.17. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total transaction of $231,240.00. Following the transaction, the chief operating officer now directly owns 140,488 shares in the company, valued at $10,828,815.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 226,141 shares of company stock valued at $16,904,519 in the last ninety days. Corporate insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on JCI. Oppenheimer upped their price objective on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Tuesday. Bank of America raised their target price on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. UBS Group initiated coverage on shares of Johnson Controls International in a research report on Wednesday. They issued a “neutral” rating and a $90.00 price target for the company. Finally, Wells Fargo & Company increased their price target on shares of Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $77.21.

Get Our Latest Stock Analysis on Johnson Controls International

Johnson Controls International Trading Up 0.6 %

Shares of Johnson Controls International stock opened at $85.71 on Thursday. The company has a 50-day moving average of $75.88 and a two-hundred day moving average of $71.32. The stock has a market cap of $57.26 billion, a PE ratio of 33.74, a price-to-earnings-growth ratio of 2.38 and a beta of 1.29. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. Johnson Controls International plc has a 12-month low of $51.33 and a 12-month high of $87.16.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were paid 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 1.73%. Johnson Controls International’s payout ratio is 58.27%.

Johnson Controls International Profile

(Free Report)

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.