Beacon Investment Advisory Services Inc. Has $537,000 Stock Position in Johnson Controls International plc (NYSE:JCI)

Beacon Investment Advisory Services Inc. cut its position in Johnson Controls International plc (NYSE:JCI) by 18.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,808 shares of the company’s stock after selling 1,528 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Johnson Controls International were worth $537,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JCI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Johnson Controls International by 514.9% in the third 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. raised its holdings in shares of Johnson Controls International by 263.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,341,919 shares of the company’s stock worth $89,197,000 after acquiring an additional 973,145 shares during the last quarter. Electron Capital Partners LLC lifted its position in Johnson Controls International by 81.3% in the 2nd quarter. Electron Capital Partners LLC now owns 1,432,335 shares of the company’s stock valued at $95,207,000 after acquiring an additional 642,315 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Johnson Controls International by 3.4% during the 3rd 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 last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in Johnson Controls International during the 4th quarter worth approximately $32,609,000. 90.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

JCI has been the topic of a number of recent research reports. UBS Group initiated coverage on Johnson Controls International in a report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 target price on the stock. Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Friday, December 20th. JPMorgan Chase & Co. reduced their target price on shares of Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Citigroup dropped their price target on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Finally, Wells Fargo & Company cut their price target on shares of Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $82.53.

Johnson Controls International Stock Performance

NYSE:JCI opened at $82.02 on Friday. The company has a market capitalization of $54.15 billion, a P/E ratio of 32.29, a P/E/G ratio of 2.35 and a beta of 1.32. The business has a fifty day simple moving average of $81.73 and a two-hundred day simple moving average of $76.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. Johnson Controls International plc has a 1 year low of $52.02 and a 1 year high of $87.16.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.80%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s dividend payout ratio (DPR) is currently 58.27%.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 124,497 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $82.67, for a total transaction of $10,292,166.99. Following the sale, the chief executive officer now owns 1,267,716 shares of the company’s stock, valued at $104,802,081.72. The trade was a 8.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Marlon Sullivan sold 7,230 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the transaction, the executive vice president now directly owns 32,246 shares of the company’s stock, valued at $2,687,704.10. The trade was a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 647,787 shares of company stock worth $53,972,452. Company 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.