Perigon Wealth Management LLC Acquires 15,547 Shares of Johnson Controls International plc (NYSE:JCI)

Perigon Wealth Management LLC boosted its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 419.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,251 shares of the company’s stock after acquiring an additional 15,547 shares during the quarter. Perigon Wealth Management LLC’s holdings in Johnson Controls International were worth $1,549,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Metis Global Partners LLC boosted its stake in Johnson Controls International by 0.4% during the third quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock worth $2,208,000 after buying an additional 127 shares in the last quarter. Graypoint LLC boosted its stake in Johnson Controls International by 4.1% during the fourth quarter. Graypoint LLC now owns 3,277 shares of the company’s stock worth $259,000 after buying an additional 130 shares in the last quarter. ST Germain D J Co. Inc. boosted its stake in Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after buying an additional 134 shares in the last quarter. Brooklyn Investment Group boosted its stake in Johnson Controls International by 3.1% during the fourth quarter. Brooklyn Investment Group now owns 4,444 shares of the company’s stock worth $351,000 after buying an additional 135 shares in the last quarter. Finally, Fulton Bank N.A. boosted its stake in Johnson Controls International by 1.2% during the fourth quarter. Fulton Bank N.A. now owns 11,845 shares of the company’s stock worth $935,000 after buying an additional 139 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on JCI shares. Barclays lifted their price objective on Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a report on Friday, December 20th. JPMorgan Chase & Co. cut their price objective on Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Oppenheimer lifted their price objective on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Citigroup cut their price objective on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $84.00.

Insider Buying and Selling

In other news, CEO George Oliver sold 110,616 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the completion of the transaction, the chief executive officer now directly owns 1,244,617 shares in the company, valued at approximately $105,294,598.20. The trade was a 8.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marlon Sullivan sold 7,230 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the transaction, the executive vice president now 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. Insiders sold a total of 647,787 shares of company stock worth $53,972,452 over the last three months. 0.69% of the stock is currently owned by company insiders.

Johnson Controls International Price Performance

Shares of JCI stock opened at $76.37 on Thursday. The stock has a 50-day moving average price of $81.34 and a 200 day moving average price of $76.44. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The firm has a market cap of $50.41 billion, a price-to-earnings ratio of 30.06, a PEG ratio of 2.35 and a beta of 1.32. Johnson Controls International plc has a 12 month low of $52.02 and a 12 month high of $87.16.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were given a $0.37 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.94%. Johnson Controls International’s payout ratio is 58.27%.

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.