Johnson Controls International plc (NYSE:JCI) Stock Holdings Lessened by Huntington National Bank

Huntington National Bank cut its stake in shares of Johnson Controls International plc (NYSE:JCI) by 3.5% during the third quarter, HoldingsChannel.com reports. The firm owned 14,915 shares of the company’s stock after selling 536 shares during the period. Huntington National Bank’s holdings in Johnson Controls International were worth $1,158,000 as of its most recent SEC filing.

Other large investors 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 valued at $923,804,000 after acquiring an additional 6,520,580 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Johnson Controls International by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 5,855,075 shares of the company’s stock valued at $389,214,000 after purchasing an additional 479,548 shares in the last quarter. Raymond James & Associates increased its position 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 worth $367,495,000 after purchasing an additional 249,405 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Johnson Controls International by 686.4% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock worth $295,487,000 after purchasing 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 valued at $159,660,000 after buying an additional 59,274 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on JCI. UBS Group began coverage on Johnson Controls International in a report on Wednesday. They issued a “neutral” rating and a $90.00 price objective on the stock. The Goldman Sachs Group raised their price target on shares of Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Mizuho upped 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. Barclays increased their target price on shares of Johnson Controls International from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, Robert W. Baird boosted their price target on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Twelve analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $77.21.

Insider Buying and Selling at Johnson Controls International

In related news, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total transaction of $231,240.00. Following the transaction, the chief operating officer now directly owns 140,488 shares in the company, valued at $10,828,815.04. The trade was a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the sale, the chief executive officer now 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. Insiders sold a total of 226,141 shares of company stock valued at $16,904,519 in the last ninety days. Company insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Down 0.9 %

Shares of JCI stock opened at $84.40 on Friday. Johnson Controls International plc has a 12 month low of $51.40 and a 12 month 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 cap of $56.38 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 2.39 and a beta of 1.29. The stock has a 50 day moving average of $76.51 and a 200-day moving average of $71.51.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.75%. The ex-dividend date was Wednesday, September 25th. Johnson Controls International’s payout ratio is currently 58.27%.

Johnson Controls International Company Profile

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.