Serity Partners LLC Takes Position in Johnson Controls International PLC (NYSE: JCI)

Serity Partners LLC purchased a new stake in Johnson Controls International plc (NYSE: JCI – RECEIVE Rating) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The Fund purchased 6,031 shares of the Company’s stock, valued at approximately $288,000.

Other hedge funds have also recently made changes to their positions in the company. National Asset Management Inc. raised its stake in Johnson Controls International to 4.2% during the first quarter. After buying an additional 598 shares during this period, National Asset Management Inc. holds 14,725 shares of the company’s stock valued at $967,000. Cookson Peirce & Company Inc. raised its stake in Johnson Controls International to 6.9% during the first quarter. After buying an additional 779 shares during this period, Cookson Peirce & Company Inc. holds 12,095 shares of the company’s stock, valued at $793,000. Metis Global Partners LLC increased its stake in Johnson Controls International to 80.0% during the first quarter. Metis Global Partners LLC now holds 11,180 shares of the company valued at $733,000 after purchasing an additional 4,968 shares during the period. Lyell Wealth Management LP purchased a new stake in Johnson Controls International during the first quarter valued at $350,000. Finally, abrdn plc increased its stake in Johnson Controls International to 14.3% during the first quarter. ABRDN plc now holds 531,765 shares of the company’s stock, valued at $35,589,000, after purchasing an additional 66,485 shares during the period. 88.79% of the stock is currently held by hedge funds and other institutional investors.

Analyst Rating Changes

Several research firms have recently issued reports on JCI. TheStreet raised Johnson Controls International from a “C+” rating to a “B-” rating in a research note on Wednesday, September 7. Morgan Stanley raised its price target on Johnson Controls International from $60.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, November 4. Goldman Sachs Group raised its price target on Johnson Controls International from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, November 4. Royal Bank of Canada raised their price target on Johnson Controls International from $53.00 to $61.00 in a research note on Friday, November 4. Finally, Wells Fargo & Company raised its price target on Johnson Controls International from $59.00 to $66.00 and gave the stock an “overweight” rating in a research note on Friday, November 4. One investment analyst has rated the stock with a Hold rating and ten have a Buy rating on the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.43.

Johnson Controls International Stock 1.8%

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Shares of NYSE:JCI opened on Monday at $66.98. Johnson Controls International plc’s 1-Year Low is $45.52 and 1-Year High is $81.77. The company has a market cap of $46.00 billion, a PE ratio of 30.31, a P/E/G ratio of 1.36 and a beta of 1.19. The company has a debt-to-equity ratio of 0.43, current ratio of 1.04 and quick ratio of 0.82. The stock’s 50-day moving average is $56.21 and its 200-day moving average is $53.68.

Johnson Controls International declares dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 14. A dividend of $0.35 per share was issued to investors of record on Monday, September 26. The ex-dividend date of this dividend was Friday, September 23. This represents a $1.40 dividend and a yield of 2.09% on an annualized basis. Johnson Controls International’s dividend payout ratio currently stands at 63.35%.

Johnson Controls International Company Profile

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Johnson Controls International plc, together with its subsidiaries, engages in the engineering, manufacturing, commissioning and retrofitting of construction products and systems in the United States, Europe, 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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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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