Johnson Controls International plc $JCI Stock Position Lessened by Grandfield & Dodd LLC

Grandfield & Dodd LLC lowered its stake in shares of Johnson Controls International plc (NYSE:JCI) by 4.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 414,631 shares of the company’s stock after selling 18,408 shares during the period. Johnson Controls International makes up approximately 3.3% of Grandfield & Dodd LLC’s portfolio, making the stock its 6th biggest holding. Grandfield & Dodd LLC’s holdings in Johnson Controls International were worth $61,635,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. First County Bank CT increased its position in shares of Johnson Controls International by 4.2% during the 3rd quarter. First County Bank CT now owns 1,699 shares of the company’s stock valued at $253,000 after purchasing an additional 68 shares during the last quarter. Natural Investments LLC increased its stake in Johnson Controls International by 2.5% in the 2nd quarter. Natural Investments LLC now owns 3,008 shares of the company’s stock worth $439,000 after acquiring an additional 72 shares during the last quarter. Everhart Financial Group Inc. raised its position in shares of Johnson Controls International by 1.1% during the 3rd quarter. Everhart Financial Group Inc. now owns 6,355 shares of the company’s stock valued at $945,000 after buying an additional 72 shares in the last quarter. Baron Wealth Management LLC lifted its position in Johnson Controls International by 1.6% in the 2nd quarter. Baron Wealth Management LLC now owns 4,705 shares of the company’s stock worth $687,000 after buying an additional 75 shares during the last quarter. Finally, Kaufman Rossin Wealth LLC grew its stake in shares of Johnson Controls International by 2.0% during the third quarter. Kaufman Rossin Wealth LLC now owns 3,845 shares of the company’s stock valued at $572,000 after buying an additional 75 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Insider Activity at Johnson Controls International

In other news, Director Juergen Tinggren sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $159.19, for a total value of $636,760.00. Following the transaction, the director owned 27,236 shares in the company, valued at $4,335,698.84. This trade represents a 12.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Lei Schlitz sold 23,417 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the transaction, the vice president owned 15,017 shares in the company, valued at $2,298,652.19. The trade was a 60.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is currently owned by company insiders.

Johnson Controls International Stock Performance

JCI stock opened at $148.90 on Friday. The firm has a 50-day simple moving average of $147.36 and a two-hundred day simple moving average of $140.79. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.83 and a current ratio of 0.90. Johnson Controls International plc has a one year low of $108.41 and a one year high of $160.41. The firm has a market cap of $90.19 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 1.17 and a beta of 1.27.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.07. The business had revenue of $7.11 billion for the quarter, compared to analyst estimates of $7.04 billion. Johnson Controls International had a net margin of 11.12% and a return on equity of 23.38%. Johnson Controls International’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.26 EPS. On average, equities analysts forecast that Johnson Controls International plc will post 6.29 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, September 21st were given a dividend of $0.40 per share. The ex-dividend date was Monday, September 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. Johnson Controls International’s dividend payout ratio (DPR) is 34.19%.

Analysts Set New Price Targets

A number of brokerages have issued reports on JCI. The Goldman Sachs Group boosted their price objective on shares of Johnson Controls International from $186.00 to $191.00 and gave the company a “buy” rating in a research report on Wednesday, September 30th. Bank of America lifted their price objective on Johnson Controls International from $152.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, October 8th. UBS Group reaffirmed a “buy” rating on shares of Johnson Controls International in a research note on Wednesday. Weiss Ratings raised shares of Johnson Controls International from a “buy (b)” rating to a “buy (a)” rating in a report on Thursday, October 8th. Finally, Wells Fargo & Company increased their price objective on shares of Johnson Controls International from $186.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $166.86.

About Johnson Controls International

Johnson Controls International plc (NYSE:JCI) is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.