Ferguson Wellman Capital Management Inc. Sells 1,175 Shares of Johnson Controls International plc (NYSE:JCI)

Ferguson Wellman Capital Management Inc. cut its stake in shares of Johnson Controls International plc (NYSE:JCI) by 5.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 18,900 shares of the company’s stock after selling 1,175 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Johnson Controls International were worth $1,467,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Metis Global Partners LLC grew its holdings in Johnson Controls International by 0.4% during the 3rd quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock worth $2,208,000 after acquiring an additional 127 shares during the last quarter. Summit Trail Advisors LLC increased its position in shares of Johnson Controls International by 4.6% during the second quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock worth $248,000 after buying an additional 163 shares during the period. Miracle Mile Advisors LLC raised its stake in Johnson Controls International by 1.0% during the third quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company’s stock worth $1,320,000 after buying an additional 163 shares during the last quarter. Berry Wealth Group LP lifted its holdings in Johnson Controls International by 0.7% in the third quarter. Berry Wealth Group LP now owns 25,978 shares of the company’s stock valued at $2,016,000 after buying an additional 177 shares during the period. Finally, Center for Financial Planning Inc. boosted its position in Johnson Controls International by 5.7% during the second quarter. Center for Financial Planning Inc. now owns 3,485 shares of the company’s stock valued at $232,000 after acquiring an additional 187 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Trading Down 0.7 %

NYSE:JCI opened at $85.12 on Friday. Johnson Controls International plc has a one year low of $51.40 and a one year high of $87.16. The company’s 50-day simple moving average is $76.20 and its 200 day simple moving average is $71.42. The firm has a market capitalization of $56.86 billion, a P/E ratio of 33.51, a PEG ratio of 2.39 and a beta of 1.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were paid a dividend of $0.37 per share. The ex-dividend date was Wednesday, September 25th. This represents a $1.48 annualized dividend and a yield of 1.74%. Johnson Controls International’s dividend payout ratio is 58.27%.

Insider Buying and Selling

In related news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total transaction of $84,899.25. Following the transaction, the chief operating officer now directly owns 143,488 shares in the company, valued at approximately $10,438,752. The trade was a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. This represents a 8.17 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 226,141 shares of company stock worth $16,904,519. 0.69% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. UBS Group began coverage on shares of Johnson Controls International in a research report on Wednesday. They set a “neutral” rating and a $90.00 price objective on the stock. Robert W. Baird increased their price target on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Bank of America boosted their target price on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. The Goldman Sachs Group raised their target price on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Oppenheimer boosted 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. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Johnson Controls International presently has an average 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.