Yousif Capital Management LLC reduced its position in shares of Johnson Controls International plc (NYSE:JCI – Free Report) by 6.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,842 shares of the company’s stock after selling 5,702 shares during the period. Yousif Capital Management LLC’s holdings in Johnson Controls International were worth $9,218,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of JCI. Farther Finance Advisors LLC lifted its holdings in Johnson Controls International by 16.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 12,157 shares of the company’s stock worth $1,337,000 after buying an additional 1,697 shares during the last quarter. Parcion Private Wealth LLC increased its holdings in shares of Johnson Controls International by 4.8% in the 3rd quarter. Parcion Private Wealth LLC now owns 3,327 shares of the company’s stock valued at $366,000 after acquiring an additional 151 shares during the last quarter. Patton Fund Management Inc. acquired a new stake in shares of Johnson Controls International during the 3rd quarter worth about $3,545,000. HBK Sorce Advisory LLC lifted its stake in Johnson Controls International by 40.7% during the third quarter. HBK Sorce Advisory LLC now owns 3,448 shares of the company’s stock worth $374,000 after purchasing an additional 998 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in Johnson Controls International by 810.3% in the third quarter. Exchange Traded Concepts LLC now owns 18,862 shares of the company’s stock valued at $2,074,000 after purchasing an additional 16,790 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.
Johnson Controls International Trading Up 0.9%
Shares of Johnson Controls International stock opened at $121.09 on Wednesday. The firm has a market cap of $74.00 billion, a price-to-earnings ratio of 23.79, a price-to-earnings-growth ratio of 1.44 and a beta of 1.41. The company’s 50-day simple moving average is $115.54 and its 200-day simple moving average is $109.62. Johnson Controls International plc has a 52-week low of $68.03 and a 52-week high of $123.78. The company has a quick ratio of 0.76, a current ratio of 0.93 and a debt-to-equity ratio of 0.66.
Johnson Controls International Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Monday, December 22nd will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.3%. Johnson Controls International’s dividend payout ratio (DPR) is 31.43%.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Johnson Controls International from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Citigroup increased their target price on shares of Johnson Controls International from $112.00 to $119.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. HSBC lifted their price target on shares of Johnson Controls International from $79.00 to $127.00 and gave the stock a “hold” rating in a research note on Monday, November 24th. The Goldman Sachs Group dropped their price objective on Johnson Controls International from $142.00 to $137.00 and set a “buy” rating on the stock in a report on Tuesday, December 16th. Finally, Hsbc Global Res upgraded Johnson Controls International to a “hold” rating in a research report on Monday, November 24th. Ten equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $121.05.
Insider Transactions at Johnson Controls International
In related news, VP Lei Zhang Schlitz sold 32,031 shares of Johnson Controls International stock in a transaction on Friday, November 21st. The stock was sold at an average price of $113.20, for a total transaction of $3,625,909.20. Following the completion of the transaction, the vice president directly owned 66,780 shares of the company’s stock, valued at approximately $7,559,496. The trade was a 32.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.54% of the company’s stock.
About Johnson Controls International
Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.
Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.
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