Brown Brothers Harriman & Co. Has $658,000 Stock Position in Johnson Controls International plc (NYSE:JCI)

Brown Brothers Harriman & Co. cut its position in Johnson Controls International plc (NYSE:JCI) by 9.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,342 shares of the company’s stock after selling 838 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Johnson Controls International were worth $658,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Compass Financial Services Inc acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. bought a new stake in Johnson Controls International during the 4th quarter valued at approximately $29,000. Synergy Asset Management LLC acquired a new stake in Johnson Controls International in the 4th quarter valued at approximately $42,000. Crowley Wealth Management Inc. bought a new position in Johnson Controls International in the 4th quarter worth approximately $42,000. Finally, ST Germain D J Co. Inc. lifted its holdings in shares of Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after buying an additional 134 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Down 3.1 %

JCI opened at $79.64 on Monday. The firm has a market cap of $52.57 billion, a price-to-earnings ratio of 30.40, a PEG ratio of 1.96 and a beta of 1.32. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.86 and a current ratio of 1.02. The firm’s 50-day simple moving average is $82.95 and its 200-day simple moving average is $80.64. Johnson Controls International plc has a twelve month low of $59.83 and a twelve month high of $91.14.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. Equities research analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be given a $0.37 dividend. The ex-dividend date is Monday, March 24th. This represents a $1.48 annualized dividend and a yield of 1.86%. Johnson Controls International’s payout ratio is 56.49%.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Nathan D. Manning sold 1,421 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the sale, the vice president now owns 148,346 shares in the company, valued at approximately $11,339,568.24. This trade represents a 0.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO George Oliver sold 205,168 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the transaction, the chief executive officer now owns 1,260,527 shares in the company, valued at $110,964,191.81. The trade was a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 905,864 shares of company stock worth $77,824,710. 0.54% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on JCI shares. UBS Group upgraded shares of Johnson Controls International from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. Barclays dropped their price objective on shares of Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating on the stock in a report on Monday, March 10th. Citigroup reduced their target price on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Royal Bank of Canada lifted their target price on Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Finally, Morgan Stanley upped their price target on Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.27.

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.