Studio Investment Management LLC Sells 1,006 Shares of Johnson Controls International plc (NYSE:JCI)

Studio Investment Management LLC decreased its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 20,902 shares of the company’s stock after selling 1,006 shares during the period. Studio Investment Management LLC’s holdings in Johnson Controls International were worth $1,630,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers increased its position in shares of Johnson Controls International by 470.9% in the 1st quarter. Cetera Investment Advisers now owns 157,980 shares of the company’s stock valued at $10,319,000 after buying an additional 130,308 shares in the last quarter. Epoch Investment Partners Inc. increased its position in shares of Johnson Controls International by 0.9% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,129,418 shares of the company’s stock valued at $73,774,000 after buying an additional 10,146 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Johnson Controls International in the 3rd quarter valued at $7,692,000. CIBC Asset Management Inc increased its position in shares of 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 buying an additional 7,433 shares in the last quarter. Finally, CWC Advisors LLC. bought a new stake in shares of Johnson Controls International in the 3rd quarter valued at $892,000. Institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the stock in a transaction dated 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 represents a 2.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Oliver sold 224,152 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the transaction, the chief executive officer now directly owns 1,166,992 shares in the company, valued at $96,533,578.24. This represents a 16.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 561,095 shares of company stock valued at $44,820,037 in the last three months. 0.69% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on JCI. Robert W. Baird upped their price objective on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Wells Fargo & Company upped their target price on shares of Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Morgan Stanley initiated coverage on shares of Johnson Controls International in a research note on Friday, September 6th. They issued an “overweight” rating and a $85.00 target price for the company. Barclays upped their target price on shares of 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. Finally, Mizuho upped their target price on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Twelve investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $77.21.

Johnson Controls International Trading Up 1.5 %

Shares of NYSE:JCI opened at $84.24 on Friday. Johnson Controls International plc has a 52-week low of $51.70 and a 52-week high of $87.16. The company has a market capitalization of $56.27 billion, a P/E ratio of 33.16, a price-to-earnings-growth ratio of 2.33 and a beta of 1.29. The company has a 50-day simple moving average of $77.91 and a 200 day simple moving average of $72.24. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94.

Johnson Controls International Dividend Announcement

The business 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 yield of 1.76%. Johnson Controls International’s dividend payout ratio is currently 58.27%.

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.