Brown Brothers Harriman & Co. Purchases 2,733 Shares of Johnson Controls International plc (NYSE:JCI)

Brown Brothers Harriman & Co. raised its position in shares of Johnson Controls International plc (NYSE:JCI) by 42.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,180 shares of the company’s stock after buying an additional 2,733 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Johnson Controls International were worth $712,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Fortitude Family Office LLC lifted its position in Johnson Controls International by 195.8% during the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after acquiring an additional 278 shares during the period. Wolff Wiese Magana LLC lifted its holdings in shares of Johnson Controls International by 977.3% during the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after purchasing an additional 430 shares during the last quarter. Continuum Advisory LLC boosted its position in shares of Johnson Controls International by 65.2% in the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after purchasing an additional 208 shares in the last quarter. Western Pacific Wealth Management LP purchased a new stake in shares of Johnson Controls International in the 3rd quarter worth approximately $44,000. Finally, Friedenthal Financial bought a new position in Johnson Controls International during the 2nd quarter valued at approximately $47,000. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Trading Up 0.5 %

Shares of NYSE:JCI opened at $83.75 on Wednesday. The stock’s 50-day simple moving average is $78.57 and its two-hundred day simple moving average is $72.74. The stock has a market capitalization of $55.46 billion, a price-to-earnings ratio of 32.97, a PEG ratio of 2.33 and a beta of 1.29. Johnson Controls International plc has a 52-week low of $51.70 and a 52-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 Announces Dividend

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

Insider Activity at Johnson Controls International

In related news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total transaction of $84,899.25. Following the transaction, the chief operating officer now directly owns 143,488 shares in the company, valued at approximately $10,438,752. The trade was a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Oliver sold 110,615 shares of the company’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 completion of the sale, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. The trade was a 8.17 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 741,829 shares of company stock worth $59,952,007. 0.69% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

JCI has been the topic of several analyst reports. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Bank of America increased their price objective on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Robert W. Baird lifted their target price on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. UBS Group assumed coverage on shares of Johnson Controls International in a report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price objective for the company. Finally, Mizuho increased their target price on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.