Park Place Capital Corp Sells 155 Shares of Johnson Controls International plc (NYSE:JCI)

Park Place Capital Corp reduced its holdings in Johnson Controls International plc (NYSE:JCI) by 14.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 933 shares of the company’s stock after selling 155 shares during the period. Park Place Capital Corp’s holdings in Johnson Controls International were worth $74,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in JCI. State Street Corp raised its holdings in shares of 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 purchasing an additional 300,712 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Johnson Controls International by 3.4% in the third quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company’s stock valued at $1,187,084,000 after buying an additional 509,293 shares during the last quarter. Geode Capital Management LLC increased its position in Johnson Controls International by 0.5% during the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock worth $1,041,822,000 after purchasing an additional 71,493 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Johnson Controls International by 514.9% during the third 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 grew its holdings in shares of Johnson Controls International by 5.6% in the third quarter. Raymond James & Associates now owns 4,735,147 shares of the company’s stock valued at $367,495,000 after purchasing an additional 249,405 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Stock Performance

Shares of JCI opened at $82.13 on Thursday. 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 company has a market capitalization of $54.38 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 2.36 and a beta of 1.32. The stock has a 50 day moving average of $81.80 and a 200 day moving average of $76.03. Johnson Controls International plc has a 12 month low of $52.02 and a 12 month high of $87.16.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.80%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s dividend payout ratio is 58.27%.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 224,152 shares of Johnson Controls International stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following 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. The trade was a 16.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Marlon Sullivan sold 7,230 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was 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 directly owns 32,246 shares in the company, valued at approximately $2,687,704.10. This represents a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 647,787 shares of company stock valued at $53,972,452. Company insiders own 0.69% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on JCI shares. Robert W. Baird boosted their price objective on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Royal Bank of Canada upped their target price on shares of Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. cut their price objective on shares of Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Argus upgraded shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Friday, December 20th. Finally, Barclays increased their price objective on shares of Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $82.53.

Johnson Controls International 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.