Johnson Controls International plc (NYSE:JCI) Stock Holdings Trimmed by Wellington Management Group LLP

Wellington Management Group LLP lowered its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 22.3% during the 3rd quarter, Holdings Channel reports. The fund owned 22,052,153 shares of the company’s stock after selling 6,325,933 shares during the period. Wellington Management Group LLP’s holdings in Johnson Controls International were worth $1,711,468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in JCI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Johnson Controls International by 514.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock valued at $418,439,000 after acquiring an additional 4,514,792 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Johnson Controls International by 686.4% during 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 Johnson Controls International during the 2nd quarter valued at $73,881,000. Point72 Asset Management L.P. raised its stake in Johnson Controls International by 263.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,341,919 shares of the company’s stock valued at $89,197,000 after acquiring an additional 973,145 shares in the last quarter. Finally, Electron Capital Partners LLC raised its stake in Johnson Controls International by 81.3% during the 2nd quarter. Electron Capital Partners LLC now owns 1,432,335 shares of the company’s stock valued at $95,207,000 after acquiring an additional 642,315 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Oppenheimer boosted their price objective on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Barclays boosted their price objective on Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Thursday. Robert W. Baird lifted their target price on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Mizuho raised their price target on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, UBS Group began coverage on Johnson Controls International in a report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price objective for the company. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Johnson Controls International presently has an average rating of “Hold” and a consensus price target of $78.57.

Johnson Controls International Stock Performance

Shares of JCI opened at $83.12 on Friday. The company’s fifty day moving average is $79.77 and its 200-day moving average is $73.44. Johnson Controls International plc has a 12 month low of $51.70 and a 12 month high of $87.16. The firm has a market cap of $55.04 billion, a price-to-earnings ratio of 32.72, a price-to-earnings-growth ratio of 2.30 and a beta of 1.31. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Monday, December 23rd will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.78%. Johnson Controls International’s dividend payout ratio is currently 58.27%.

Insider Buying and Selling

In related news, COO Nathan D. Manning sold 3,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total transaction of $231,240.00. Following the completion of the sale, the chief operating officer now owns 140,488 shares in the company, valued at $10,828,815.04. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO George Oliver sold 224,152 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the sale, the chief executive officer now owns 1,166,992 shares of the company’s stock, valued at $96,533,578.24. This trade represents a 16.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 740,662 shares of company stock valued at $59,869,133. Company insiders own 0.69% of the company’s stock.

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.