Johnson Controls International plc (NYSE:JCI) Shares Sold by PFG Investments LLC

PFG Investments LLC trimmed its position in Johnson Controls International plc (NYSE:JCI) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,070 shares of the company’s stock after selling 402 shares during the period. PFG Investments LLC’s holdings in Johnson Controls International were worth $1,505,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Fortitude Family Office LLC raised its holdings in Johnson Controls International by 195.8% in the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after acquiring an additional 278 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in shares of Johnson Controls International by 977.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after purchasing an additional 430 shares in the last quarter. ST Germain D J Co. Inc. increased its position in shares of Johnson Controls International by 32.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after acquiring an additional 134 shares in the last quarter. Western Pacific Wealth Management LP acquired a new position in shares of Johnson Controls International during the 3rd quarter valued at $44,000. Finally, Friedenthal Financial purchased a new position in Johnson Controls International in the fourth quarter valued at about $49,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on JCI shares. JPMorgan Chase & Co. reduced their price target on Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Mizuho boosted their price objective 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. Citigroup decreased their price objective on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Barclays raised their price objective on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company dropped their price target on Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $82.53.

Johnson Controls International Stock Performance

Shares of JCI opened at $77.00 on Tuesday. Johnson Controls International plc has a 52-week low of $52.02 and a 52-week high of $87.16. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $50.83 billion, a PE ratio of 30.31, a P/E/G ratio of 2.35 and a beta of 1.32. The firm has a 50-day moving average price of $81.62 and a 200 day moving average price of $76.34.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s payout ratio is currently 58.27%.

Insiders Place Their Bets

In related news, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were 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 owns 32,246 shares in the company, valued at approximately $2,687,704.10. This represents a 18.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Oliver sold 224,152 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total value of $18,541,853.44. Following the completion of the sale, the chief executive officer now directly owns 1,166,992 shares of the company’s stock, valued at approximately $96,533,578.24. This trade represents a 16.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 647,787 shares of company stock worth $53,972,452. 0.69% of the stock is owned by corporate insiders.

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.