Johnson Controls International plc (NYSE:JCI) Shares Sold by Stonegate Investment Group LLC

Stonegate Investment Group LLC cut its holdings in Johnson Controls International plc (NYSE:JCI) by 3.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 30,627 shares of the company’s stock after selling 1,237 shares during the period. Stonegate Investment Group LLC’s holdings in Johnson Controls International were worth $2,417,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. State Street Corp raised its holdings in Johnson Controls International by 1.1% in the 3rd quarter. State Street Corp now owns 27,939,766 shares of the company’s stock valued at $2,178,595,000 after acquiring an additional 300,712 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Johnson Controls International by 3.4% in the 3rd quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company’s stock valued at $1,187,084,000 after acquiring an additional 509,293 shares during the last quarter. Geode Capital Management LLC raised its holdings in Johnson Controls International by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock valued at $1,041,822,000 after acquiring an additional 71,493 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Johnson Controls International by 514.9% in 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 during the last quarter. Finally, Raymond James & Associates raised 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 acquiring an additional 249,405 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on JCI shares. Oppenheimer boosted their price target on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Melius downgraded Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective for the company. in a report on Tuesday. Mizuho upped their price objective on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Wells Fargo & Company dropped their price objective on Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. dropped their price objective on Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $83.31.

Johnson Controls International Stock Performance

NYSE:JCI opened at $77.00 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. The firm has a 50-day moving average of $81.62 and a two-hundred day moving average of $76.34. The stock has a market cap of $50.83 billion, a P/E ratio of 30.31, a PEG ratio of 2.35 and a beta of 1.32. Johnson Controls International plc has a 1-year low of $52.02 and a 1-year high of $87.16.

Johnson Controls International Dividend Announcement

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

Insider Buying and Selling at Johnson Controls International

In other news, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CEO George Oliver sold 224,152 shares of the company’s 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 owns 1,166,992 shares in the company, 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. Insiders sold a total of 647,787 shares of company stock valued at $53,972,452 in the last ninety days. 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.