Beacon Investment Advisory Services Inc. Sells 874 Shares of Johnson Controls International plc (NYSE:JCI)

Beacon Investment Advisory Services Inc. reduced its stake in Johnson Controls International plc (NYSE:JCI) by 9.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,336 shares of the company’s stock after selling 874 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Johnson Controls International were worth $647,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Benjamin Edwards Inc. raised its holdings in Johnson Controls International by 80.9% in the 3rd quarter. Benjamin Edwards Inc. now owns 5,280 shares of the company’s stock valued at $410,000 after acquiring an additional 2,362 shares during the period. Kestra Investment Management LLC acquired a new position in shares of Johnson Controls International during the 3rd quarter worth approximately $488,000. Alethea Capital Management LLC acquired a new position in shares of Johnson Controls International during the 3rd quarter worth approximately $428,000. Widmann Financial Services Inc. grew its position in shares of Johnson Controls International by 16.4% during the 3rd quarter. Widmann Financial Services Inc. now owns 7,672 shares of the company’s stock worth $595,000 after purchasing an additional 1,080 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new position in shares of Johnson Controls International during the 3rd quarter worth approximately $3,641,000. 90.05% of the stock is owned by institutional investors.

Insider Activity

In related news, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International 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 owns 140,488 shares of the company’s stock, valued at $10,828,815.04. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Oliver sold 10,304 shares of Johnson Controls International stock in a transaction on Monday, November 25th. The stock was sold at an average price of $84.14, for a total transaction of $866,978.56. Following the transaction, the chief executive officer now directly owns 1,166,992 shares of the company’s stock, valued at $98,190,706.88. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 740,476 shares of company stock valued at $59,853,576. Insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Bank of America increased their target price on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. UBS Group assumed coverage on shares of Johnson Controls International in a research report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 target price on the stock. Wells Fargo & Company increased their target price on shares of Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Oppenheimer increased their price target on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $77.21.

Johnson Controls International Price Performance

JCI stock opened at $83.68 on Tuesday. The company has a fifty day moving average price of $79.17 and a 200-day moving average price of $73.09. The company has a market capitalization of $55.41 billion, a P/E ratio of 32.94, a PEG ratio of 2.34 and a beta of 1.31. 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 declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend 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 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.