Ballentine Partners LLC Sells 3,077 Shares of Johnson Controls International plc (NYSE:JCI)

Ballentine Partners LLC decreased its position in Johnson Controls International plc (NYSE:JCI) by 24.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,354 shares of the company’s stock after selling 3,077 shares during the period. Ballentine Partners LLC’s holdings in Johnson Controls International were worth $738,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Park Avenue Securities LLC grew its holdings in Johnson Controls International by 101.5% during the 4th quarter. Park Avenue Securities LLC now owns 26,517 shares of the company’s stock worth $2,093,000 after acquiring an additional 13,360 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its position in shares of Johnson Controls International by 136.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 91,248 shares of the company’s stock worth $7,082,000 after purchasing an additional 52,719 shares during the period. Geode Capital Management LLC boosted its stake in shares of Johnson Controls International by 0.5% during the third quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company’s stock valued at $1,041,822,000 after purchasing an additional 71,493 shares in the last quarter. BNC Wealth Management LLC purchased a new position in Johnson Controls International during the fourth quarter valued at approximately $2,093,000. Finally, International Assets Investment Management LLC bought a new position in Johnson Controls International in the third quarter worth approximately $7,692,000. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Trading Down 0.4 %

Johnson Controls International stock opened at $82.13 on Thursday. The stock has a 50-day moving average price of $81.80 and a 200 day moving average price of $76.03. The company has a market capitalization of $54.38 billion, a price-to-earnings ratio of 32.33, a price-to-earnings-growth ratio of 2.32 and a beta of 1.32. Johnson Controls International plc has a 52 week low of $52.02 and a 52 week high of $87.16. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s dividend payout ratio (DPR) is currently 58.27%.

Insider Transactions at Johnson Controls International

In related news, EVP Marlon Sullivan sold 7,230 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the sale, the executive vice president now directly owns 32,246 shares of the company’s stock, valued at $2,687,704.10. This trade represents a 18.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Oliver sold 224,152 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total value of $18,541,853.44. Following the completion of the transaction, the chief executive officer now directly owns 1,166,992 shares of the company’s stock, valued at $96,533,578.24. The trade was a 16.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 647,787 shares of company stock worth $53,972,452 over the last 90 days. 0.69% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on JCI shares. Robert W. Baird increased their target price on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” 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. StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Bank of America lifted their price objective on shares of Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Wells Fargo & Company decreased their target price on shares of Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Johnson Controls International presently has an average rating of “Hold” and a consensus target price of $82.53.

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.