Raleigh Capital Management Inc. Trims Position in Johnson Controls International plc (NYSE:JCI)

Raleigh Capital Management Inc. decreased its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,604 shares of the company’s stock after selling 226 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Johnson Controls International were worth $363,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in JCI. Blair William & Co. IL increased its stake in shares of Johnson Controls International by 13.2% during the 2nd quarter. Blair William & Co. IL now owns 11,676 shares of the company’s stock valued at $776,000 after acquiring an additional 1,358 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Johnson Controls International by 4.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 9,139 shares of the company’s stock worth $607,000 after purchasing an additional 417 shares during the last quarter. Summit Trail Advisors LLC raised its stake in Johnson Controls International by 4.6% during the second quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock worth $248,000 after purchasing an additional 163 shares during the period. ProShare Advisors LLC boosted its holdings in shares of Johnson Controls International by 7.3% in the 2nd quarter. ProShare Advisors LLC now owns 93,049 shares of the company’s stock valued at $6,185,000 after purchasing an additional 6,298 shares during the last quarter. Finally, Frank Rimerman Advisors LLC grew its stake in shares of Johnson Controls International by 12,448.9% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 5,898 shares of the company’s stock valued at $392,000 after buying an additional 5,851 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insiders Place Their Bets

In other Johnson Controls International news, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction that occurred on 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 owns 32,246 shares in the company, valued at $2,687,704.10. This represents a 18.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO George Oliver sold 224,152 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total value of $18,541,853.44. Following the transaction, the chief executive officer now directly owns 1,166,992 shares in the company, valued at approximately $96,533,578.24. This represents a 16.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 647,787 shares of company stock valued at $53,972,452 in the last ninety days. Corporate insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on JCI shares. Oppenheimer lifted their target price on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Mizuho lifted their price objective on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. dropped their target price on shares of Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. 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 price target on the stock. Finally, Barclays increased their price objective on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $82.53.

Johnson Controls International Stock Performance

Johnson Controls International stock opened at $82.13 on Thursday. Johnson Controls International plc has a 52 week low of $52.02 and a 52 week high of $87.16. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The stock has a market cap of $54.38 billion, a P/E ratio of 32.33, a price-to-earnings-growth ratio of 2.36 and a beta of 1.32. The stock has a 50 day moving average of $81.73 and a 200-day moving average of $76.08.

Johnson Controls International Announces Dividend

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

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.