Johnson Controls International plc (NYSE:JCI) Short Interest Update

Johnson Controls International plc (NYSE:JCI) was the recipient of a significant drop in short interest in November. As of November 30th, there was short interest totalling 7,910,000 shares, a drop of 20.6% from the November 15th total of 9,960,000 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily volume of 3,730,000 shares, the short-interest ratio is currently 2.1 days.

Wall Street Analyst Weigh In

JCI has been the subject of a number of research reports. UBS Group started coverage on shares of Johnson Controls International in a research report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 target price for the company. Robert W. Baird lifted their price target 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. Mizuho raised their price objective 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. Barclays boosted their target price on shares of Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company raised their price target on shares of Johnson Controls International from $84.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Johnson Controls International currently has a consensus rating of “Hold” and an average target price of $80.38.

Insider Activity

In other news, EVP Marlon Sullivan sold 7,230 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total value of $602,620.50. Following the sale, the executive vice president now directly owns 32,246 shares in the company, valued at approximately $2,687,704.10. This trade represents a 18.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Nathan D. Manning sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total transaction of $231,240.00. Following the completion of the sale, the chief operating officer now owns 140,488 shares of the company’s stock, valued at approximately $10,828,815.04. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 872,389 shares of company stock worth $70,763,920. Corporate insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

Institutional investors have recently modified their holdings of the company. State Street Corp increased its stake in Johnson Controls International by 1.1% during the 3rd quarter. State Street Corp now owns 27,939,766 shares of the company’s stock worth $2,178,595,000 after buying an additional 300,712 shares during the period. Fisher Asset Management LLC increased its position in shares of Johnson Controls International by 3.4% during the third quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company’s stock worth $1,187,084,000 after acquiring an additional 509,293 shares during the period. Geode Capital Management LLC raised its stake in shares of Johnson Controls International by 0.5% in 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 acquiring an additional 71,493 shares in the last quarter. Dimensional Fund Advisors LP raised its stake 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Johnson Controls International by 514.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock valued at $418,439,000 after purchasing an additional 4,514,792 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Trading Down 0.8 %

Shares of Johnson Controls International stock traded down $0.70 during trading hours on Friday, hitting $82.63. The company’s stock had a trading volume of 2,354,216 shares, compared to its average volume of 4,800,241. The stock has a market cap of $54.72 billion, a price-to-earnings ratio of 32.53, a P/E/G ratio of 2.35 and a beta of 1.31. 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 has a twelve month low of $51.71 and a twelve month high of $87.16. The firm has a fifty day moving average of $80.60 and a 200-day moving average of $73.88.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Monday, December 23rd will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Monday, December 23rd. Johnson Controls International’s payout ratio is 58.27%.

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.