By otakuyassine3@gmail.com 
DAVENPORT & Co LLC trimmed its holdings in Johnson Controls International plc (NYSE:JCI – Free Report) by 0.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,242,182 shares of the company’s stock after selling 1,221 shares during the quarter. DAVENPORT & Co LLC owned approximately 0.19% of Johnson Controls International worth $98,111,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of JCI. Metis Global Partners LLC grew its position in Johnson Controls International by 0.4% in the 3rd quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock valued at $2,208,000 after acquiring an additional 127 shares during the last quarter. Gilbert & Cook Inc. boosted its stake in shares of Johnson Controls International by 2.0% during the fourth quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company’s stock valued at $510,000 after purchasing an additional 127 shares during the period. Graypoint LLC grew its holdings in shares of Johnson Controls International by 4.1% in the fourth quarter. Graypoint LLC now owns 3,277 shares of the company’s stock worth $259,000 after purchasing an additional 130 shares during the last quarter. ST Germain D J Co. Inc. increased its stake in Johnson Controls International by 32.8% in the 4th 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 during the period. Finally, Brooklyn Investment Group lifted its holdings in Johnson Controls International by 3.1% during the 4th quarter. Brooklyn Investment Group now owns 4,444 shares of the company’s stock valued at $351,000 after buying an additional 135 shares in the last quarter. 90.05% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. Citigroup dropped their target price on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. UBS Group assumed coverage on Johnson Controls International in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price objective on the stock. StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. dropped their price target on Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Finally, Barclays raised their price target on Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $87.20.
Johnson Controls International Stock Down 0.3 %
Shares of Johnson Controls International stock opened at $78.00 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The company has a market cap of $51.49 billion, a P/E ratio of 30.71, a PEG ratio of 2.19 and a beta of 1.32. The firm’s 50 day moving average price is $80.97 and its 200-day moving average price is $76.50. Johnson Controls International plc has a 52-week low of $52.02 and a 52-week high of $87.16.
Johnson Controls International Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.90%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s dividend payout ratio is currently 58.27%.
Insider Transactions at Johnson Controls International
In other Johnson Controls International news, EVP Marlon Sullivan sold 7,230 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 32,246 shares of the company’s stock, valued at approximately $2,687,704.10. This trade represents a 18.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Oliver sold 110,616 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $84.60, for a total value of $9,358,113.60. Following the sale, the chief executive officer now owns 1,244,617 shares in the company, 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. Over the last three months, insiders have sold 647,787 shares of company stock valued at $53,972,452. Corporate insiders own 0.54% of the company’s stock.
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.
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