First City Capital Management Inc. Has $485,000 Position in Johnson Controls International plc (NYSE:JCI)

First City Capital Management Inc. cut its position in shares of Johnson Controls International plc (NYSE:JCI) by 2.0% during the third quarter, Holdings Channel reports. The institutional investor owned 6,244 shares of the company’s stock after selling 125 shares during the quarter. First City Capital Management Inc.’s holdings in Johnson Controls International were worth $485,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors grew its holdings in shares of Johnson Controls International by 85.5% during the 1st quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock worth $923,804,000 after purchasing an additional 6,520,580 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Johnson Controls International by 8.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,855,075 shares of the company’s stock valued at $389,214,000 after buying an additional 479,548 shares during the period. Raymond James & Associates increased its holdings in Johnson Controls International by 5.6% in the 3rd quarter. Raymond James & Associates now owns 4,735,147 shares of the company’s stock valued at $367,495,000 after buying an additional 249,405 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of 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 buying an additional 3,880,146 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Johnson Controls International by 2.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,401,984 shares of the company’s stock worth $159,660,000 after acquiring an additional 59,274 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

JCI has been the subject of several recent research reports. Morgan Stanley initiated coverage on shares of Johnson Controls International in a research report on Friday, September 6th. They issued an “overweight” rating and a $85.00 price target for the company. Oppenheimer increased their target price on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Mizuho boosted their price target on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Bank of America lifted their price objective on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, UBS Group started coverage on shares of Johnson Controls International in a report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 target price on the stock. Twelve equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $77.21.

Johnson Controls International Stock Performance

JCI stock opened at $83.64 on Tuesday. The firm has a market cap of $55.87 billion, a PE ratio of 32.93, a P/E/G ratio of 2.36 and a beta of 1.29. 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 business’s 50-day moving average price is $77.14 and its two-hundred day moving average price is $71.93. Johnson Controls International plc has a 1-year low of $51.60 and a 1-year high of $87.16.

Johnson Controls International Dividend Announcement

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

Insider Buying and Selling

In other Johnson Controls International news, CEO George Oliver sold 110,616 shares of Johnson Controls International stock in a transaction on Friday, November 15th. The shares were sold at an average price of $84.60, for a total value of $9,358,113.60. Following the sale, the chief executive officer now directly owns 1,244,617 shares in the company, valued at approximately $105,294,598.20. The trade was a 8.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total value of $84,899.25. Following the sale, the chief operating officer now owns 143,488 shares in the company, valued at $10,438,752. The trade was a 0.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 336,757 shares of company stock worth $26,262,632 over the last ninety days. Company insiders own 0.69% of the company’s stock.

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.