Johnson Controls International plc $JCI Shares Sold by Atria Investments Inc

Atria Investments Inc reduced its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 10.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 39,399 shares of the company’s stock after selling 4,709 shares during the quarter. Atria Investments Inc’s holdings in Johnson Controls International were worth $4,161,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Grove Bank & Trust increased its position in Johnson Controls International by 3.5% during the 2nd quarter. Grove Bank & Trust now owns 3,117 shares of the company’s stock valued at $329,000 after buying an additional 106 shares in the last quarter. Keudell Morrison Wealth Management increased its position in Johnson Controls International by 4.1% during the 2nd quarter. Keudell Morrison Wealth Management now owns 2,697 shares of the company’s stock valued at $285,000 after buying an additional 107 shares in the last quarter. REAP Financial Group LLC increased its position in Johnson Controls International by 18.1% during the 2nd quarter. REAP Financial Group LLC now owns 739 shares of the company’s stock valued at $78,000 after buying an additional 113 shares in the last quarter. TIAA Trust National Association increased its position in Johnson Controls International by 1.0% during the 1st quarter. TIAA Trust National Association now owns 11,339 shares of the company’s stock valued at $908,000 after buying an additional 115 shares in the last quarter. Finally, Strategic Blueprint LLC increased its position in Johnson Controls International by 4.3% during the 1st quarter. Strategic Blueprint LLC now owns 2,980 shares of the company’s stock valued at $239,000 after buying an additional 123 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Citigroup increased their price objective on Johnson Controls International from $112.00 to $119.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Morgan Stanley increased their price objective on Johnson Controls International from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Zacks Research raised Johnson Controls International to a “hold” rating in a report on Monday, August 11th. The Goldman Sachs Group increased their price objective on Johnson Controls International from $119.00 to $124.00 and gave the company a “buy” rating in a report on Monday, September 15th. Finally, Wolfe Research increased their price objective on Johnson Controls International from $132.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, September 12th. Ten research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Johnson Controls International has a consensus rating of “Moderate Buy” and a consensus target price of $113.41.

Johnson Controls International Stock Up 0.2%

Johnson Controls International stock opened at $114.48 on Friday. The firm has a market cap of $74.91 billion, a price-to-earnings ratio of 33.97, a price-to-earnings-growth ratio of 1.70 and a beta of 1.33. Johnson Controls International plc has a 52 week low of $68.03 and a 52 week high of $116.48. The business’s 50-day moving average price is $108.64 and its 200 day moving average price is $102.93. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50.

Johnson Controls International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, September 22nd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.4%. This is a positive change from Johnson Controls International’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, September 22nd. Johnson Controls International’s dividend payout ratio is 47.48%.

Insider Activity

In related news, VP Nathan D. Manning sold 1,422 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total transaction of $149,395.32. Following the sale, the vice president directly owned 139,459 shares of the company’s stock, valued at $14,651,562.54. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $625,604.41. Following the sale, the vice president directly owned 25,005 shares in the company, valued at approximately $2,643,778.65. This trade represents a 19.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.54% of the stock is owned by company insiders.

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.