Harrell Investment Partners LLC Lowers Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Harrell Investment Partners LLC lowered its stake in Johnson Controls International plc (NYSE:JCI) by 9.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,806 shares of the company’s stock after selling 4,158 shares during the period. Harrell Investment Partners LLC’s holdings in Johnson Controls International were worth $3,245,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in shares of Johnson Controls International during the first quarter valued at $25,000. Continuum Advisory LLC increased its stake in Johnson Controls International by 65.2% during the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares in the last quarter. Friedenthal Financial bought a new stake in Johnson Controls International during the 2nd quarter valued at about $47,000. Hexagon Capital Partners LLC raised its holdings in Johnson Controls International by 39.7% in the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $47,000 after buying an additional 202 shares during the last quarter. Finally, Family Firm Inc. purchased a new stake in shares of Johnson Controls International during the second quarter valued at approximately $48,000. Institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

JCI has been the subject of a number of recent analyst reports. Oppenheimer boosted their price objective on shares of Johnson Controls International from $79.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Robert W. Baird boosted their price target on Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Wells Fargo & Company increased their price objective on Johnson Controls International from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Barclays boosted their target price on 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, StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Thursday. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Johnson Controls International has an average rating of “Hold” and an average price target of $72.50.

Johnson Controls International Stock Performance

Shares of NYSE:JCI traded down $0.24 during midday trading on Monday, hitting $77.37. The company had a trading volume of 329,678 shares, compared to its average volume of 5,057,103. Johnson Controls International plc has a 12-month low of $47.90 and a 12-month high of $78.23. The company has a fifty day moving average of $72.08 and a two-hundred day moving average of $69.25. The company has a market cap of $51.68 billion, a price-to-earnings ratio of 32.47, a PEG ratio of 2.07 and a beta of 1.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73.

Johnson Controls International (NYSE:JCI) last released its earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. The company had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.53 billion. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.03 EPS. On average, equities research analysts expect that Johnson Controls International plc will post 3.68 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, September 25th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.91%. The ex-dividend date is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is currently 61.92%.

Insiders Place Their Bets

In other news, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $90,383,385.17. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO Nathan D. Manning sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total transaction of $231,240.00. Following the completion of the transaction, the chief operating officer now directly owns 140,488 shares of the company’s stock, valued at approximately $10,828,815.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,879 shares of company stock worth $8,503,656. Corporate insiders own 0.69% of the company’s stock.

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.