Mayflower Financial Advisors LLC lowered its stake in shares of Johnson Controls International plc (NYSE:JCI – Free Report) by 9.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,739 shares of the company’s stock after selling 285 shares during the period. Mayflower Financial Advisors LLC’s holdings in Johnson Controls International were worth $216,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Metis Global Partners LLC grew its stake in Johnson Controls International by 0.4% in the 3rd quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock valued at $2,208,000 after buying an additional 127 shares in the last quarter. Graypoint LLC grew its position in shares of Johnson Controls International by 4.1% in the fourth quarter. Graypoint LLC now owns 3,277 shares of the company’s stock valued at $259,000 after purchasing an additional 130 shares in the last quarter. ST Germain D J Co. Inc. grew its position in shares of Johnson Controls International by 32.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after purchasing an additional 134 shares in the last quarter. Brooklyn Investment Group raised its stake in shares of Johnson Controls International by 3.1% during the 4th quarter. Brooklyn Investment Group now owns 4,444 shares of the company’s stock valued at $351,000 after purchasing an additional 135 shares during the period. Finally, Fulton Bank N.A. lifted its holdings in Johnson Controls International by 1.2% during the 4th quarter. Fulton Bank N.A. now owns 11,845 shares of the company’s stock worth $935,000 after purchasing an additional 139 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on JCI. Citigroup decreased their price target on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a report on Friday, December 20th. Melius Research reaffirmed a “hold” rating and issued a $95.00 price target on shares of Johnson Controls International in a report on Tuesday. Finally, UBS Group assumed coverage on Johnson Controls International in a research note on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $84.00.
Johnson Controls International Trading Up 0.3 %
JCI stock opened at $76.37 on Thursday. The company has a market capitalization of $50.41 billion, a PE ratio of 30.06, a price-to-earnings-growth ratio of 2.35 and a beta of 1.32. 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 plc has a one year low of $52.02 and a one year high of $87.16. The company’s 50 day moving average price is $81.34 and its two-hundred day moving average price is $76.44.
Johnson Controls International Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, December 23rd were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s payout ratio is presently 58.27%.
Insiders Place Their Bets
In other news, EVP Marlon Sullivan sold 7,230 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the sale, the executive vice president now owns 32,246 shares of the company’s stock, valued at approximately $2,687,704.10. The trade was a 18.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO George Oliver sold 224,152 shares of the firm’s 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 owns 1,166,992 shares in the company, valued at approximately $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 sold 647,787 shares of company stock valued at $53,972,452 over the last three months. Insiders own 0.69% of the company’s stock.
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.
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