Johnson Controls International plc $JCI Shares Bought by Cyndeo Wealth Partners LLC

Key Points

• Cyndeo Wealth Partners increased its Johnson Controls stake by 426.2% in the third quarter, owning 16,859 shares valued at approximately $2.5 million. Institutional investors collectively hold 90.05% of JCI’s outstanding shares.
• Analysts maintain a generally positive outlook, with JCI carrying a consensus “Moderate Buy” rating and an average price target of $163.05.
• Johnson Controls exceeded quarterly expectations, reporting $1.42 in EPS and $6.61 billion in revenue, while revenue grew 9.3% year over year. The company also pays a quarterly dividend of $0.40, representing a 1.1% annualized yield.

Cyndeo Wealth Partners LLC lifted its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 426.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,859 shares of the company's stock after purchasing an additional 13,655 shares during the quarter. Cyndeo Wealth Partners LLC's holdings in Johnson Controls International were worth $2,506,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Pension & Wealth Management Advisors Inc. lifted its position in Johnson Controls International by 239.3% in the third quarter. Pension & Wealth Management Advisors Inc. now owns 3,855 shares of the company's stock worth $573,000 after purchasing an additional 2,719 shares during the period. Goelzer Investment Management Inc. increased its holdings in Johnson Controls International by 0.4% in the 3rd quarter. Goelzer Investment Management Inc. now owns 42,161 shares of the company's stock valued at $6,267,000 after buying an additional 166 shares during the period. Annex Advisory Services LLC increased its holdings in Johnson Controls International by 10.3% in the 3rd quarter. Annex Advisory Services LLC now owns 6,115 shares of the company's stock valued at $909,000 after buying an additional 569 shares during the period. V Square Quantitative Management LLC increased its holdings in Johnson Controls International by 3.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 15,997 shares of the company's stock valued at $2,378,000 after buying an additional 544 shares during the period. Finally, AdvisorNet Financial Inc raised its stake in shares of Johnson Controls International by 1.6% in the 3rd quarter. AdvisorNet Financial Inc now owns 31,499 shares of the company's stock valued at $4,802,000 after buying an additional 483 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

JCI has been the subject of a number of analyst reports. UBS Group reaffirmed a "buy" rating on shares of Johnson Controls International in a report on Wednesday, September 16th. Mizuho upped their target price on shares of Johnson Controls International from $150.00 to $165.00 and gave the company a "neutral" rating in a research note on Thursday. Zacks Research lowered shares of Johnson Controls International from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 6th. Morgan Stanley increased their price target on shares of Johnson Controls International from $175.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Johnson Controls International from $180.00 to $178.00 and set a "buy" rating for the company in a research note on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $163.05.

Johnson Controls International Stock Performance

Johnson Controls International stock opened at $145.19 on Friday. The firm has a market capitalization of $87.95 billion, a P/E ratio of 25.25, a P/E/G ratio of 1.08 and a beta of 1.27. The stock has a fifty day moving average price of $147.36 and a two-hundred day moving average price of $143.66. Johnson Controls International plc has a 52-week low of $107.77 and a 52-week high of $160.41. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.00 and a quick ratio of 0.83.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.30 by $0.12. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The company had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the previous year, the company earned $1.05 EPS. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, analysts anticipate that Johnson Controls International plc will post 5.08 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, September 21st were given a $0.40 dividend. The ex-dividend date was Monday, September 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Johnson Controls International's payout ratio is 27.83%.

Insider Buying and Selling

In other Johnson Controls International news, VP Lei Schlitz sold 23,417 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the sale, the vice president directly owned 15,017 shares of the company's stock, valued at approximately $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.29% of the stock is currently owned by company insiders.

About Johnson Controls International

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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