Johnson Controls International plc (NYSE:JCI) Sees Significant Decline in Short Interest

Johnson Controls International plc (NYSE:JCI) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 7,780,000 shares, a decline of 13.0% from the October 15th total of 8,940,000 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 3,890,000 shares, the short-interest ratio is currently 2.0 days.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Royal Bank of Canada upped their price target on Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. The Goldman Sachs Group upped their price target on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Bank of America upped their price target on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Oppenheimer upped their price target on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Barclays boosted their price objective on Johnson Controls International from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Twelve investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Johnson Controls International presently has an average rating of “Hold” and a consensus target price of $77.21.

Johnson Controls International Trading Down 0.9 %

NYSE:JCI traded down $0.76 during mid-day trading on Monday, hitting $83.64. The company had a trading volume of 3,439,192 shares, compared to its average volume of 4,917,903. Johnson Controls International has a fifty-two week low of $51.60 and a fifty-two week high of $87.16. The business’s fifty day moving average is $76.84 and its two-hundred day moving average is $71.77. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. The firm has a market cap of $55.87 billion, a P/E ratio of 33.12, a P/E/G ratio of 2.36 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 issued a $0.37 dividend. The ex-dividend date was Wednesday, September 25th. This represents a $1.48 annualized dividend and a dividend yield of 1.77%. Johnson Controls International’s dividend payout ratio (DPR) is currently 58.27%.

Insiders Place Their Bets

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total value of $84,899.25. Following the transaction, the chief operating officer now directly owns 143,488 shares of the company’s stock, valued at $10,438,752. The trade was a 0.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. This represents a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 336,757 shares of company stock valued at $26,262,632 in the last three months. Company insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

Several large investors have recently modified their holdings of the business. Fortitude Family Office LLC boosted its position in Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after purchasing an additional 278 shares during the last quarter. Continuum Advisory LLC boosted its position in Johnson Controls International by 65.2% during the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares during the last quarter. Wolff Wiese Magana LLC boosted its position in 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. Western Pacific Wealth Management LP acquired a new position in Johnson Controls International during the third quarter valued at approximately $44,000. Finally, Hexagon Capital Partners LLC boosted its position in Johnson Controls International by 39.7% during the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock valued at $47,000 after purchasing an additional 202 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

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.