Ferguson Wellman Capital Management Inc. Reduces Stake in Johnson Controls International plc (NYSE:JCI)

Ferguson Wellman Capital Management Inc. cut its position in Johnson Controls International plc (NYSE:JCI) by 5.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,900 shares of the company’s stock after selling 1,175 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Johnson Controls International were worth $1,467,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. M&G Plc purchased a new stake in shares of Johnson Controls International during the 1st quarter worth $120,948,000. Cetera Investment Advisers increased its position 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 in the last quarter. Epoch Investment Partners Inc. lifted its position in shares of Johnson Controls International by 0.9% in the first quarter. Epoch Investment Partners Inc. now owns 1,129,418 shares of the company’s stock valued at $73,774,000 after acquiring an additional 10,146 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Johnson Controls International in the 3rd quarter worth approximately $7,692,000. Finally, Orion Portfolio Solutions LLC grew its position in shares of Johnson Controls International by 15.8% in the first quarter. Orion Portfolio Solutions LLC now owns 27,191 shares of the company’s stock valued at $1,776,000 after purchasing an additional 3,717 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on JCI. Wells Fargo & Company boosted their price target on Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Royal Bank of Canada lifted their target price on Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. The Goldman Sachs Group increased their price target on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Barclays raised their target price on 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. Finally, StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Tuesday. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Johnson Controls International currently has a consensus rating of “Hold” and an average target price of $77.21.

Johnson Controls International Trading Down 0.7 %

Johnson Controls International stock opened at $85.12 on Friday. The business has a 50 day moving average price of $76.20 and a two-hundred day moving average price of $71.42. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. Johnson Controls International plc has a 12 month low of $51.40 and a 12 month high of $87.16. The stock has a market cap of $56.86 billion, a price-to-earnings ratio of 33.51, a price-to-earnings-growth ratio of 2.39 and a beta of 1.29.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is 58.27%.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the sale, the chief operating officer now owns 143,488 shares of the company’s stock, valued at approximately $10,438,752. The trade was a 0.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total value of $8,494,125.85. Following the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at approximately $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 have sold 226,141 shares of company stock valued at $16,904,519. 0.69% of the stock is owned by insiders.

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.