Phoenix Wealth Advisors Has $2.65 Million Holdings in Johnson Controls International plc (NYSE:JCI)

Phoenix Wealth Advisors cut its holdings in Johnson Controls International plc (NYSE:JCI) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,547 shares of the company’s stock after selling 1,238 shares during the quarter. Johnson Controls International accounts for 1.1% of Phoenix Wealth Advisors’ investment portfolio, making the stock its 26th largest holding. Phoenix Wealth Advisors’ holdings in Johnson Controls International were worth $2,648,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC grew its holdings in Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after buying an additional 278 shares in the last quarter. Wolff Wiese Magana LLC grew its holdings in Johnson Controls International by 977.3% during the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after buying an additional 430 shares in the last quarter. ST Germain D J Co. Inc. grew its holdings 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. Western Pacific Wealth Management LP bought a new stake in Johnson Controls International during the third quarter worth $44,000. Finally, Friedenthal Financial bought a new stake in Johnson Controls International during the fourth quarter worth $49,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Stock Performance

Shares of JCI opened at $82.52 on Wednesday. The company has a market cap of $54.64 billion, a PE ratio of 32.49, a price-to-earnings-growth ratio of 2.32 and a beta of 1.32. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average price of $81.80 and a 200-day moving average price of $76.03. 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 issued a dividend of $0.37 per share. The ex-dividend date was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.79%. Johnson Controls International’s dividend payout ratio is 58.27%.

Analyst Upgrades and Downgrades

JCI has been the subject of several research analyst reports. Barclays raised their target price on Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Mizuho raised their target price on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. UBS Group initiated coverage on Johnson Controls International in a research report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 target price for the company. StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Oppenheimer raised their target price on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Ten investment 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 company has an average rating of “Hold” and a consensus target price of $82.53.

Insider Activity at Johnson Controls International

In related news, CEO George Oliver sold 224,152 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the transaction, the chief executive officer now directly owns 1,166,992 shares of the company’s stock, valued at approximately $96,533,578.24. This trade represents a 16.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Marlon Sullivan sold 7,230 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the transaction, the executive vice president now directly owns 32,246 shares in the company, valued at approximately $2,687,704.10. This represents 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 valued at $53,972,452. Corporate insiders own 0.69% of the company’s stock.

About Johnson Controls International

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.