Fmr LLC Sells 491,010 Shares of Johnson Controls International plc (NYSE:JCI)

Fmr LLC lessened its stake in Johnson Controls International plc (NYSE:JCI) by 4.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,464,993 shares of the company’s stock after selling 491,010 shares during the quarter. Fmr LLC’s holdings in Johnson Controls International were worth $812,188,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Johnson Controls International by 686.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock valued at $295,487,000 after acquiring an additional 3,880,146 shares in the last quarter. Ceredex Value Advisors LLC bought a new stake in shares of Johnson Controls International in the second quarter valued at about $73,881,000. Point72 Asset Management L.P. boosted its position in shares of Johnson Controls International by 263.9% during the second quarter. Point72 Asset Management L.P. now owns 1,341,919 shares of the company’s stock worth $89,197,000 after buying an additional 973,145 shares during the period. Electron Capital Partners LLC grew its holdings in shares of Johnson Controls International by 81.3% during the second quarter. Electron Capital Partners LLC now owns 1,432,335 shares of the company’s stock worth $95,207,000 after buying an additional 642,315 shares in the last quarter. Finally, Interval Partners LP lifted its stake in Johnson Controls International by 601.5% in the 2nd quarter. Interval Partners LP now owns 676,676 shares of the company’s stock valued at $44,979,000 after acquiring an additional 580,212 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Stock Down 0.0 %

JCI opened at $83.71 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The stock’s fifty day simple moving average is $78.78 and its 200 day simple moving average is $72.82. Johnson Controls International plc has a 1-year low of $51.70 and a 1-year high of $87.16. The stock has a market cap of $55.43 billion, a PE ratio of 32.96, a price-to-earnings-growth ratio of 2.33 and a beta of 1.29.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is presently 58.27%.

Insider Buying and Selling

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction that occurred 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 directly owns 143,488 shares in the company, valued at $10,438,752. This trade represents a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $90,383,385.17. The trade was a 8.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 741,829 shares of company stock valued at $59,952,007. Company insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

JCI has been the subject of several research reports. Wells Fargo & Company raised their price target on shares of Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Bank of America boosted their price target on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. The Goldman Sachs Group raised their price objective on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada upped their target price on Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $77.21.

About Johnson Controls International

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.