Versant Capital Management Inc Acquires 1,065 Shares of Johnson Controls International plc (NYSE:JCI)

Versant Capital Management Inc raised its stake in Johnson Controls International plc (NYSE:JCI) by 367.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,355 shares of the company’s stock after acquiring an additional 1,065 shares during the quarter. Versant Capital Management Inc’s holdings in Johnson Controls International were worth $107,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Fortitude Family Office LLC increased its position in 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 increased its holdings in shares of 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. Western Pacific Wealth Management LP bought a new position in shares of Johnson Controls International in the 3rd quarter valued at $44,000. Larson Financial Group LLC boosted its holdings in shares of Johnson Controls International by 169.3% during the 3rd quarter. Larson Financial Group LLC now owns 738 shares of the company’s stock valued at $57,000 after acquiring an additional 464 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Johnson Controls International during the 3rd quarter valued at $61,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Stock Up 1.2 %

Shares of NYSE:JCI opened at $79.92 on Friday. Johnson Controls International plc has a 1 year low of $51.71 and a 1 year high of $87.16. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. The business’s 50-day moving average is $81.59 and its 200-day moving average is $74.85. The company has a market capitalization of $52.92 billion, a price-to-earnings ratio of 31.46, a P/E/G ratio of 2.31 and a beta of 1.32.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Monday, December 23rd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.85%. The ex-dividend date is Monday, December 23rd. Johnson Controls International’s dividend payout ratio (DPR) is presently 58.27%.

Insiders Place Their Bets

In related news, CEO George Oliver sold 110,616 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 1,244,617 shares of the company’s stock, valued at approximately $105,294,598.20. This represents a 8.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marlon Sullivan sold 7,230 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the transaction, the executive vice president now owns 32,246 shares in the company, valued at approximately $2,687,704.10. The trade was a 18.31 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 758,588 shares of company stock worth $62,480,987. Corporate insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on JCI shares. Wells Fargo & Company increased their target price on Johnson Controls International from $84.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Oppenheimer raised their price objective on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Bank of America boosted their target price on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Mizuho raised their price target on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Royal Bank of Canada boosted their price objective on shares of Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $80.93.

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.