Beacon Investment Advisory Services Inc. Trims Stock Position in Johnson Controls International plc (NYSE:JCI)

Beacon Investment Advisory Services Inc. lessened its position in shares of Johnson Controls International plc (NYSE:JCI) by 18.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,808 shares of the company’s stock after selling 1,528 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Johnson Controls International were worth $537,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Teamwork Financial Advisors LLC bought a new position in shares of Johnson Controls International in the fourth quarter worth $2,902,000. Janney Montgomery Scott LLC purchased a new position in Johnson Controls International during the fourth quarter worth about $32,609,000. Daymark Wealth Partners LLC grew its position in Johnson Controls International by 5.8% during the fourth quarter. Daymark Wealth Partners LLC now owns 24,688 shares of the company’s stock worth $1,949,000 after buying an additional 1,353 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Johnson Controls International by 0.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 242,346 shares of the company’s stock worth $19,218,000 after acquiring an additional 2,269 shares during the last quarter. Finally, Simon Quick Advisors LLC purchased a new stake in shares of Johnson Controls International in the 4th quarter valued at about $252,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JCI has been the subject of several recent analyst reports. Bank of America boosted their price objective on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Oppenheimer increased their price target on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Barclays raised their price objective on shares of Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Citigroup lowered their price target on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Johnson Controls International has an average rating of “Hold” and a consensus price target of $82.53.

Insiders Place Their Bets

In other news, CEO George Oliver sold 224,152 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the completion of the sale, the chief executive officer now directly owns 1,166,992 shares in the company, valued at approximately $96,533,578.24. This represents a 16.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Marlon Sullivan sold 7,230 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the sale, the executive vice president now directly owns 32,246 shares in the company, valued at $2,687,704.10. The trade was a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 647,787 shares of company stock valued at $53,972,452 in the last quarter. Insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Performance

Shares of JCI stock opened at $82.02 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. Johnson Controls International plc has a fifty-two week low of $52.02 and a fifty-two week high of $87.16. The company has a market capitalization of $54.15 billion, a P/E ratio of 32.29, a PEG ratio of 2.35 and a beta of 1.32. The stock has a 50 day moving average price of $81.73 and a two-hundred day moving average price of $76.08.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 annualized dividend and a yield of 1.80%. Johnson Controls International’s payout ratio is currently 58.27%.

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.