Checchi Capital Advisers LLC Buys New Holdings in Johnson Controls International PLC (JCI)

Checchi Capital Advisers LLC bought a new position in shares of Johnson Controls International PLC (NYSE:JCI) in the 3rd quarter, Holdings Channel reports. The fund bought 6,224 shares of the auto parts company’s stock, valued at approximately $218,000.

Other hedge funds also recently made changes to their positions in the company. Tocqueville Asset Management L.P. boosted its holdings in shares of Johnson Controls International by 7.8% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 83,019 shares of the auto parts company’s stock worth $2,777,000 after buying an additional 5,999 shares during the period. Global X Management Co LLC raised its stake in Johnson Controls International by 28.7% in the 2nd quarter. Global X Management Co LLC now owns 78,579 shares of the auto parts company’s stock worth $2,628,000 after purchasing an additional 17,537 shares in the last quarter. Wolverine Asset Management LLC raised its stake in Johnson Controls International by 68.5% in the 2nd quarter. Wolverine Asset Management LLC now owns 61,500 shares of the auto parts company’s stock worth $2,057,000 after purchasing an additional 25,000 shares in the last quarter. Macquarie Group Ltd. raised its stake in Johnson Controls International by 2.5% in the 2nd quarter. Macquarie Group Ltd. now owns 457,412 shares of the auto parts company’s stock worth $15,301,000 after purchasing an additional 11,315 shares in the last quarter. Finally, HPM Partners LLC raised its stake in Johnson Controls International by 16.9% in the 2nd quarter. HPM Partners LLC now owns 16,976 shares of the auto parts company’s stock worth $568,000 after purchasing an additional 2,452 shares in the last quarter. 93.04% of the stock is owned by institutional investors and hedge funds.

Several brokerages have weighed in on JCI. Citigroup lifted their price objective on shares of Johnson Controls International from $45.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Tuesday, August 21st. UBS Group dropped their price objective on shares of Johnson Controls International from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, August 30th. TheStreet upgraded shares of Johnson Controls International from a “c+” rating to a “b-” rating in a research note on Friday, August 24th. Finally, Zacks Investment Research upgraded shares of Johnson Controls International from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $40.64.

Shares of NYSE:JCI opened at $31.81 on Wednesday. The company has a market capitalization of $28.97 billion, a PE ratio of 11.37, a PEG ratio of 0.94 and a beta of 0.85. The company has a quick ratio of 0.79, a current ratio of 1.10 and a debt-to-equity ratio of 0.48. Johnson Controls International PLC has a 12 month low of $30.60 and a 12 month high of $41.98.

The company also recently announced a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Monday, September 24th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Friday, September 21st. Johnson Controls International’s payout ratio is presently 40.00%.

Johnson Controls International Company Profile

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. It designs, sells, controls, installs heating, ventilating, and air conditioning systems. The company also provides residential air conditioning and heating systems, and industrial refrigeration products, as well as technical and energy management consulting services.

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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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