Intech Investment Management LLC trimmed its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 36.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,592 shares of the company's stock after selling 22,801 shares during the period. Intech Investment Management LLC's holdings in Johnson Controls International were worth $3,150,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Bessemer Group Inc. lifted its holdings in Johnson Controls International by 10.8% during the 1st quarter. Bessemer Group Inc. now owns 10,146 shares of the company's stock worth $663,000 after buying an additional 989 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Johnson Controls International by 7.5% during the first quarter. Advisors Asset Management Inc. now owns 34,674 shares of the company's stock worth $2,265,000 after acquiring an additional 2,409 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its stake in shares of Johnson Controls International by 2.5% during the first quarter. Silvercrest Asset Management Group LLC now owns 965,530 shares of the company's stock valued at $63,068,000 after acquiring an additional 23,324 shares during the period. Industrial Alliance Investment Management Inc. boosted its holdings in Johnson Controls International by 4.4% in the first quarter. Industrial Alliance Investment Management Inc. now owns 5,500 shares of the company's stock valued at $359,000 after acquiring an additional 231 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in Johnson Controls International by 3.2% in the first quarter. B. Riley Wealth Advisors Inc. now owns 14,210 shares of the company's stock valued at $928,000 after acquiring an additional 438 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.
Shares of Johnson Controls International stock opened at $83.45 on Friday. The company has a market capitalization of $55.26 billion, a P/E ratio of 32.85, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29. 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 has a 50-day moving average of $78.13 and a two-hundred day moving average of $72.44. Johnson Controls International plc has a 1 year low of $51.70 and a 1 year high of $87.16.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were paid a dividend of $0.37 per share. The ex-dividend date was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a yield of 1.77%. Johnson Controls International's payout ratio is 58.27%.
Several brokerages have weighed in on JCI. Barclays upped their target price on shares of Johnson Controls International from $62.00 to $64.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 2nd. Bank of America increased their price objective on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a "buy" rating in a report on Friday, September 27th. The Goldman Sachs Group lifted their target price on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Royal Bank of Canada increased their price target on Johnson Controls International from $81.00 to $86.00 and gave the company a "sector perform" rating in a research note on Thursday, November 7th. Finally, Morgan Stanley assumed coverage on Johnson Controls International in a research note on Friday, September 6th. They set an "overweight" rating and a $85.00 price objective for the company. Twelve analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $77.21.
View Our Latest Analysis on JCI
In other news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the sale, the chief operating officer now owns 143,488 shares of the company's stock, valued at $10,438,752. This represents a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Oliver sold 110,615 shares of the business's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $90,383,385.17. This represents a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 561,095 shares of company stock worth $44,820,037. Company insiders own 0.69% of the company's stock.
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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