Beutel Goodman & Co Ltd. lessened its stake in shares of Johnson Controls International plc (NYSE:JCI – Free Report) by 10.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,575 shares of the company’s stock after selling 8,730 shares during the quarter. Beutel Goodman & Co Ltd.’s holdings in Johnson Controls International were worth $7,770,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC boosted its stake in Johnson Controls International by 425.0% during the 1st quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock valued at $25,000 after purchasing an additional 255 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Johnson Controls International in the second quarter valued at $28,000. Activest Wealth Management boosted its stake in Johnson Controls International by 56.4% during the first quarter. Activest Wealth Management now owns 369 shares of the company’s stock valued at $30,000 after buying an additional 133 shares in the last quarter. MTM Investment Management LLC acquired a new position in Johnson Controls International during the second quarter worth about $32,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in Johnson Controls International during the second quarter worth about $34,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.
Johnson Controls International Stock Performance
Shares of JCI stock opened at $114.20 on Friday. The company has a market capitalization of $69.79 billion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 1.37 and a beta of 1.41. Johnson Controls International plc has a 1-year low of $68.03 and a 1-year high of $123.78. The company has a current ratio of 0.93, a quick ratio of 0.76 and a debt-to-equity ratio of 0.66. The stock’s fifty day simple moving average is $113.17 and its 200-day simple moving average is $107.95.
Johnson Controls International Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Monday, December 22nd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.4%. Johnson Controls International’s payout ratio is presently 31.43%.
Insiders Place Their Bets
In other Johnson Controls International news, VP Lei Zhang Schlitz sold 32,031 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $113.20, for a total value of $3,625,909.20. Following the completion of the sale, the vice president owned 66,780 shares in the company, valued at $7,559,496. This represents a 32.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.54% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Johnson Controls International from $124.00 to $142.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Royal Bank Of Canada raised their target price on shares of Johnson Controls International from $116.00 to $135.00 and gave the stock a “sector perform” rating in a report on Thursday, November 6th. Morgan Stanley lifted their price target on shares of Johnson Controls International from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Johnson Controls International in a research report on Wednesday, October 8th. Finally, Zacks Research raised Johnson Controls International to a “hold” rating in a research note on Monday, August 11th. Ten research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $121.32.
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.
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