Klein Pavlis & Peasley Financial Inc. Has $3.16 Million Position in Johnson Controls International plc (NYSE:JCI)

Klein Pavlis & Peasley Financial Inc. lifted its stake in Johnson Controls International plc (NYSE:JCI) by 2.8% during the fourth quarter, HoldingsChannel reports. The fund owned 39,968 shares of the company’s stock after purchasing an additional 1,072 shares during the quarter. Johnson Controls International comprises approximately 2.6% of Klein Pavlis & Peasley Financial Inc.’s holdings, making the stock its 12th biggest position. Klein Pavlis & Peasley Financial Inc.’s holdings in Johnson Controls International were worth $3,155,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Fortitude Family Office LLC raised its stake in shares of Johnson Controls International by 195.8% during the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after purchasing an additional 278 shares in the last quarter. Wolff Wiese Magana LLC lifted its stake in Johnson Controls International by 977.3% in the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after acquiring an additional 430 shares during the last quarter. Synergy Asset Management LLC bought a new stake in Johnson Controls International in the fourth quarter worth approximately $42,000. ST Germain D J Co. Inc. boosted its holdings in Johnson Controls International by 32.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after purchasing an additional 134 shares in the last quarter. Finally, Western Pacific Wealth Management LP acquired a new stake in shares of Johnson Controls International in the third quarter worth about $44,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total transaction of $602,620.50. Following the transaction, the executive vice president now owns 32,246 shares in the company, valued at $2,687,704.10. This represents a 18.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Oliver sold 110,616 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the completion of the sale, the chief executive officer now owns 1,244,617 shares of the company’s stock, valued at $105,294,598.20. The trade was a 8.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 649,208 shares of company stock worth $54,081,073. Corporate insiders own 0.54% of the company’s stock.

Johnson Controls International Stock Performance

NYSE:JCI opened at $86.09 on Thursday. The firm has a market capitalization of $56.83 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 2.24 and a beta of 1.32. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. Johnson Controls International plc has a 12-month low of $52.79 and a 12-month high of $88.90. The firm has a 50-day moving average price of $80.77 and a 200 day moving average price of $76.76.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 14.51% and a net margin of 6.49%. Research analysts anticipate that Johnson Controls International plc will post 3.45 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.72%. Johnson Controls International’s payout ratio is presently 58.27%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on JCI shares. Oppenheimer lifted their price target on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. 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 research report on Wednesday, January 15th. Mizuho increased their target price on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Citigroup dropped their price target on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Finally, Melius cut Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective for the company. in a research report on Tuesday, January 28th. Nine equities research 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 presently has a consensus rating of “Hold” and an average price target of $87.20.

Johnson Controls International Company 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.