MAI Capital Management Sells 4,735 Shares of Johnson Controls International plc (NYSE:JCI)

MAI Capital Management cut its holdings in Johnson Controls International plc (NYSE:JCI) by 23.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,654 shares of the company’s stock after selling 4,735 shares during the period. MAI Capital Management’s holdings in Johnson Controls International were worth $1,215,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Capital World Investors increased its position in shares of Johnson Controls International by 85.5% in the first quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock valued at $923,804,000 after acquiring an additional 6,520,580 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Johnson Controls International by 8.9% in the second 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 increased its position in shares of 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 acquiring an additional 249,405 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Johnson Controls International by 686.4% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock valued at $295,487,000 after acquiring an additional 3,880,146 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Johnson Controls International by 2.5% in the second quarter. Envestnet Asset Management Inc. now owns 2,401,984 shares of the company’s stock valued at $159,660,000 after acquiring an additional 59,274 shares during the period. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Stock Down 0.7 %

Shares of Johnson Controls International stock opened at $82.98 on Thursday. The company has a market cap of $55.43 billion, a price-to-earnings ratio of 32.67, a price-to-earnings-growth ratio of 2.36 and a beta of 1.29. The company’s 50 day moving average is $77.65 and its 200 day moving average is $72.16. Johnson Controls International plc has a twelve month low of $51.70 and a twelve month 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.78%. The ex-dividend date was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is presently 58.27%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JCI. Morgan Stanley began coverage on shares of Johnson Controls International in a research report on Friday, September 6th. They set an “overweight” rating and a $85.00 price target on the stock. The Goldman Sachs Group upped their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Barclays upped their price objective on shares of Johnson Controls International from $62.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Robert W. Baird upped their price objective on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Mizuho upped their price objective on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $77.21.

Insider Transactions at Johnson Controls International

In other news, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction 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 sale, the chief operating officer now directly owns 143,488 shares in the company, valued at $10,438,752. This trade represents a 0.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at $95,507,639.29. The trade was a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 336,943 shares of company stock worth $26,278,184 in the last 90 days. 0.69% of the stock is currently owned by insiders.

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.