Cornerstone Advisors LLC reduced its position in shares of Johnson Controls International plc (NYSE:JCI – Free Report) by 24.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,900 shares of the company’s stock after selling 5,700 shares during the period. Cornerstone Advisors LLC’s holdings in Johnson Controls International were worth $1,891,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Citizens Financial Group Inc. RI grew its stake in shares of Johnson Controls International by 23.4% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 5,412 shares of the company’s stock valued at $572,000 after buying an additional 1,026 shares during the period. Avantax Advisory Services Inc. grew its position in Johnson Controls International by 15.1% in the second quarter. Avantax Advisory Services Inc. now owns 28,270 shares of the company’s stock worth $2,986,000 after acquiring an additional 3,715 shares during the period. Cetera Investment Advisers increased its stake in Johnson Controls International by 9.8% during the second quarter. Cetera Investment Advisers now owns 198,865 shares of the company’s stock worth $21,004,000 after acquiring an additional 17,700 shares during the last quarter. Creative Planning raised its position in Johnson Controls International by 5.7% in the second quarter. Creative Planning now owns 125,141 shares of the company’s stock valued at $13,217,000 after purchasing an additional 6,788 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of Johnson Controls International by 26.6% in the 2nd quarter. SG Americas Securities LLC now owns 28,465 shares of the company’s stock valued at $3,006,000 after purchasing an additional 5,982 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.
Johnson Controls International Trading Down 1.4%
Shares of NYSE:JCI opened at $118.57 on Monday. Johnson Controls International plc has a 52 week low of $68.03 and a 52 week high of $123.78. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. The company has a market cap of $77.59 billion, a PE ratio of 35.18, a P/E/G ratio of 1.70 and a beta of 1.36. The company’s 50 day moving average is $111.11 and its two-hundred day moving average is $105.96.
Johnson Controls International Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, September 22nd were issued a dividend of $0.40 per share. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, September 22nd. Johnson Controls International’s dividend payout ratio is 31.43%.
Analyst Ratings Changes
JCI has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Johnson Controls International in a research report on Wednesday, October 8th. Mizuho lifted their price target on shares of Johnson Controls International from $105.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Robert W. Baird upped their price objective on shares of Johnson Controls International from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Jefferies Financial Group reaffirmed a “hold” rating and set a $120.00 price objective on shares of Johnson Controls International in a research report on Thursday, July 24th. Finally, Royal Bank Of Canada lifted their target price on shares of Johnson Controls International from $116.00 to $135.00 and gave the company a “sector perform” rating in a report on Thursday, November 6th. Ten analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $121.00.
View Our Latest Analysis on JCI
Insider Activity at Johnson Controls International
In related news, VP Lei Zhang Schlitz sold 10,500 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $122.03, for a total value of $1,281,315.00. Following the transaction, the vice president owned 115,220 shares in the company, valued at $14,060,296.60. The trade was a 8.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total value of $149,395.32. Following the sale, the vice president directly owned 139,459 shares of the company’s stock, valued at $14,651,562.54. The trade was a 1.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 17,839 shares of company stock worth $2,056,315 in the last quarter. Company insiders own 0.54% of the company’s stock.
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.
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