Cinctive Capital Management LP Cuts Position in Johnson Controls International plc (NYSE:JCI)

Cinctive Capital Management LP lowered its position in shares of Johnson Controls International plc (NYSE:JCI) by 82.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 33,825 shares of the company’s stock after selling 156,457 shares during the quarter. Cinctive Capital Management LP’s holdings in Johnson Controls International were worth $2,625,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers grew 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. International Assets Investment Management LLC purchased a new stake in Johnson Controls International during the 3rd quarter worth $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 in the last quarter. Nwam LLC purchased a new position in Johnson Controls International in the third quarter valued at about $701,000. Finally, Cerity Partners LLC lifted its stake in shares of Johnson Controls International by 35.9% during the third quarter. Cerity Partners LLC now owns 56,493 shares of the company’s stock worth $4,385,000 after purchasing an additional 14,925 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on JCI shares. Bank of America raised their target price on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. Barclays lifted their price objective on shares of Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Mizuho upped their target price on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Wells Fargo & Company boosted their price objective on shares of Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Twelve research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $77.21.

Johnson Controls International Trading Down 0.2 %

Shares of NYSE JCI opened at $83.68 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The stock’s 50 day moving average price is $79.17 and its two-hundred day moving average price is $73.09. Johnson Controls International plc has a 52-week low of $51.70 and a 52-week high of $87.16. The stock 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were given 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 was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is currently 58.27%.

Insider Buying and Selling

In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were 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 owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. This trade represents a 8.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total value of $231,240.00. Following the transaction, the chief operating officer now directly 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 disclosure for this sale can be found here. Insiders have sold 740,476 shares of company stock worth $59,853,576 over the last ninety days. 0.69% of the stock is owned by insiders.

About Johnson Controls International

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.