Johnson Controls International plc (NYSE:JCI) Stake Reduced by Sasco Capital Inc. CT

Sasco Capital Inc. CT trimmed its stake in Johnson Controls International plc (NYSE:JCI) by 15.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 180,338 shares of the company’s stock after selling 32,003 shares during the quarter. Johnson Controls International makes up about 2.1% of Sasco Capital Inc. CT’s investment portfolio, making the stock its 29th largest holding. Sasco Capital Inc. CT’s holdings in Johnson Controls International were worth $13,996,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Metis Global Partners LLC increased its stake in shares of Johnson Controls International by 0.4% in the third quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock valued at $2,208,000 after purchasing an additional 127 shares during the period. Summit Trail Advisors LLC raised its stake in shares of Johnson Controls International by 4.6% during the second quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock valued at $248,000 after purchasing an additional 163 shares in the last quarter. Miracle Mile Advisors LLC lifted its holdings in Johnson Controls International by 1.0% in the third quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company’s stock worth $1,320,000 after purchasing an additional 163 shares during the period. Berry Wealth Group LP increased its stake in Johnson Controls International by 0.7% during the 3rd quarter. Berry Wealth Group LP now owns 25,978 shares of the company’s stock valued at $2,016,000 after buying an additional 177 shares during the period. Finally, Center for Financial Planning Inc. increased its position in shares of Johnson Controls International by 5.7% during the 2nd quarter. Center for Financial Planning Inc. now owns 3,485 shares of the company’s stock valued at $232,000 after purchasing an additional 187 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on JCI shares. Mizuho increased 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. Barclays upped their target price on Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Royal Bank of Canada boosted 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. Morgan Stanley started coverage on shares of Johnson Controls International in a report on Friday, September 6th. They set an “overweight” rating and a $85.00 price target on the stock. Finally, Bank of America boosted their target price on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Johnson Controls International presently has an average rating of “Hold” and a consensus target price of $77.21.

Insider Buying and Selling

In other Johnson Controls International news, CEO George Oliver sold 110,616 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the sale, the chief executive officer now directly owns 1,244,617 shares in the company, valued at approximately $105,294,598.20. This trade represents a 8.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction that occurred 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 transaction, the chief operating officer now owns 143,488 shares of the company’s stock, valued at $10,438,752. This trade represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 336,757 shares of company stock worth $26,262,632 over the last three months. 0.69% of the stock is currently owned by company insiders.

Johnson Controls International Stock Down 0.9 %

Shares of JCI opened at $83.64 on Tuesday. The business’s 50 day simple moving average is $77.14 and its 200-day simple moving average is $71.93. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. Johnson Controls International plc has a one year low of $51.60 and a one year high of $87.16. The company has a market capitalization of $55.87 billion, a P/E ratio of 32.93, a PEG ratio of 2.36 and a beta of 1.29.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were given a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a yield of 1.77%. Johnson Controls International’s payout ratio is 58.27%.

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.