Johnson Controls International plc (NYSE:JCI) Shares Sold by Pitcairn Co.

Pitcairn Co. decreased its position in shares of Johnson Controls International plc (NYSE:JCI) by 18.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,466 shares of the company’s stock after selling 760 shares during the quarter. Pitcairn Co.’s holdings in Johnson Controls International were worth $269,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in Johnson Controls International by 8.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,855,075 shares of the company’s stock valued at $389,214,000 after acquiring an additional 479,548 shares during the period. Raymond James & Associates boosted its holdings in Johnson Controls International by 5.6% in the third quarter. Raymond James & Associates now owns 4,735,147 shares of the company’s stock valued at $367,495,000 after purchasing an additional 249,405 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in Johnson Controls International by 686.4% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock worth $295,487,000 after purchasing an additional 3,880,146 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Johnson Controls International by 2.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,401,984 shares of the company’s stock valued at $159,660,000 after buying an additional 59,274 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Johnson Controls International by 2.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,120,275 shares of the company’s stock valued at $140,935,000 after buying an additional 42,106 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

JCI has been the subject of several recent research reports. UBS Group started coverage on Johnson Controls International in a research report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price target for the company. Morgan Stanley initiated coverage on shares of Johnson Controls International in a report on Friday, September 6th. They set an “overweight” rating and a $85.00 target price for the company. The Goldman Sachs Group raised their price target on shares of 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 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, Robert W. Baird raised 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. Twelve research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Johnson Controls International currently has an average rating of “Hold” and an average target price of $77.21.

Insider Buying and Selling

In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $90,383,385.17. The trade was a 8.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total transaction of $231,240.00. Following the sale, the chief operating officer now 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 741,829 shares of company stock worth $59,952,007. 0.69% of the stock is owned by corporate insiders.

Johnson Controls International Stock Down 0.0 %

NYSE JCI opened at $83.71 on Thursday. The business has a fifty day moving average price of $78.78 and a 200 day moving average price of $72.82. 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 company has a market cap of $55.43 billion, a P/E ratio of 32.96, a P/E/G ratio of 2.33 and a beta of 1.29. Johnson Controls International plc has a one year low of $51.70 and a one year high of $87.16.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors 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 is presently 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.