Johnson Controls International plc $JCI Holdings Raised by Modera Wealth Management LLC

Key Points

• Modera Wealth Management increased its Johnson Controls stake by 222.9% in the third quarter, bringing its holdings to 10,324 shares valued at approximately $1.54 million. Institutional investors and hedge funds collectively own 90.05% of the stock.
• Analyst sentiment remains positive overall, with Johnson Controls carrying a “Moderate Buy” consensus rating and an average price target of $166.86, despite ratings ranging from “underperform” to “overweight.”
• Johnson Controls exceeded quarterly expectations, reporting $1.66 in earnings per share versus a $1.59 estimate and $7.11 billion in revenue, up 10.4% year over year. The company also maintains a quarterly dividend of $0.40 per share, yielding about 1.1%.

Modera Wealth Management LLC grew its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 222.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,324 shares of the company's stock after acquiring an additional 7,127 shares during the period. Modera Wealth Management LLC's holdings in Johnson Controls International were worth $1,535,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new stake in shares of Johnson Controls International in the 3rd quarter valued at $9,177,000. Payden & Rygel raised its position in shares of Johnson Controls International by 9.4% during the third quarter. Payden & Rygel now owns 102,100 shares of the company's stock worth $15,177,000 after acquiring an additional 8,800 shares during the last quarter. Parcion Private Wealth LLC lifted its stake in shares of Johnson Controls International by 5.5% during the third quarter. Parcion Private Wealth LLC now owns 5,508 shares of the company's stock valued at $819,000 after acquiring an additional 287 shares during the period. Soltis Investment Advisors LLC lifted its stake in shares of Johnson Controls International by 1.8% during the third quarter. Soltis Investment Advisors LLC now owns 4,969 shares of the company's stock valued at $739,000 after acquiring an additional 90 shares during the period. Finally, United Asset Strategies Inc. lifted its stake in shares of Johnson Controls International by 10.8% during the third quarter. United Asset Strategies Inc. now owns 3,206 shares of the company's stock valued at $477,000 after acquiring an additional 313 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Johnson Controls International news, VP Lei Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total value of $3,584,440.19. Following the sale, the vice president owned 15,017 shares of the company's stock, valued at $2,298,652.19. This trade represents a 60.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Juergen Tinggren sold 4,000 shares of the business's stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $159.19, for a total value of $636,760.00. Following the completion of the sale, the director owned 27,236 shares in the company, valued at approximately $4,335,698.84. This trade represents a 12.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on the company. BNP Paribas Exane lifted their price objective on Johnson Controls International from $130.00 to $145.00 and gave the stock an "underperform" rating in a research report on Wednesday, October 28th. Wells Fargo & Company upped their target price on shares of Johnson Controls International from $186.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday. Robert W. Baird raised their price target on Johnson Controls International from $162.00 to $172.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 28th. Weiss Ratings upgraded Johnson Controls International from a "buy (b)" rating to a "buy (a)" rating in a research report on Thursday, October 8th. Finally, Evercore set a $170.00 target price on shares of Johnson Controls International in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $166.86.

Johnson Controls International Price Performance

Shares of JCI opened at $148.90 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.75 and a current ratio of 0.90. The stock has a 50 day simple moving average of $147.36 and a 200 day simple moving average of $140.79. Johnson Controls International plc has a 52-week low of $108.41 and a 52-week high of $160.41. The firm has a market capitalization of $90.19 billion, a PE ratio of 31.82, a P/E/G ratio of 1.17 and a beta of 1.27.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its earnings results on Tuesday, October 27th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.59 by $0.07. Johnson Controls International had a net margin of 11.12% and a return on equity of 23.38%. The firm had revenue of $7.11 billion for the quarter, compared to the consensus estimate of $7.04 billion. During the same period last year, the company posted $1.26 EPS. The business's quarterly revenue was up 10.4% on a year-over-year basis. Sell-side analysts predict that Johnson Controls International plc will post 6.29 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, September 21st were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, September 21st. Johnson Controls International's payout ratio is currently 34.19%.

Johnson Controls International Company Profile

Johnson Controls International plc NYSE: JCI is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.

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