First Horizon Advisors Inc. Trims Stake in Johnson Controls International plc (NYSE:JCI)

First Horizon Advisors Inc. lessened its holdings in Johnson Controls International plc (NYSE:JCI) by 7.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,261 shares of the company’s stock after selling 358 shares during the period. First Horizon Advisors Inc.’s holdings in Johnson Controls International were worth $331,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Cetera Investment Advisers boosted its stake in Johnson Controls International by 470.9% during the first quarter. Cetera Investment Advisers now owns 157,980 shares of the company’s stock worth $10,319,000 after buying an additional 130,308 shares during the period. Epoch Investment Partners Inc. lifted its holdings in shares of Johnson Controls International by 0.9% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,129,418 shares of the company’s stock worth $73,774,000 after acquiring an additional 10,146 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Johnson Controls International during the 3rd quarter worth approximately $7,692,000. CIBC Asset Management Inc increased its holdings in Johnson Controls International by 6.8% in the 3rd quarter. CIBC Asset Management Inc now owns 117,328 shares of the company’s stock valued at $9,106,000 after purchasing an additional 7,433 shares during the last quarter. Finally, CWC Advisors LLC. purchased a new stake in Johnson Controls International in the third quarter valued at approximately $892,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $83.45 on Friday. The stock’s 50-day simple moving average is $78.13 and its 200-day simple moving average is $72.38. The firm has a market capitalization of $55.75 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 2.33 and a beta of 1.29. Johnson Controls International plc has a fifty-two week low of $51.70 and a fifty-two week high of $87.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a yield of 1.77%. Johnson Controls International’s payout ratio is currently 58.27%.

Insider Transactions at Johnson Controls International

In related news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total value of $84,899.25. Following the completion of the sale, the chief operating officer now directly owns 143,488 shares of the company’s stock, valued at $10,438,752. The trade was a 0.81 % 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. Also, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the completion of the transaction, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at $95,507,639.29. This represents a 8.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 561,095 shares of company stock worth $44,820,037. 0.69% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Mizuho raised their price target on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Robert W. Baird lifted their target price 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. Morgan Stanley began coverage on shares of Johnson Controls International in a research note on Friday, September 6th. They set an “overweight” rating and a $85.00 price target on the stock. StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, The Goldman Sachs Group upped their target price on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $77.21.

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.