Harrington Investments INC Sells 704 Shares of Johnson Controls International plc (NYSE:JCI)

Harrington Investments INC reduced its position in Johnson Controls International plc (NYSE:JCI) by 4.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 16,903 shares of the company’s stock after selling 704 shares during the quarter. Harrington Investments INC’s holdings in Johnson Controls International were worth $1,334,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in JCI. Compass Financial Services Inc bought a new position in Johnson Controls International in the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Johnson Controls International in the 4th quarter valued at $29,000. Synergy Asset Management LLC bought a new position in shares of Johnson Controls International in the 4th quarter valued at $42,000. ST Germain D J Co. Inc. raised its holdings in shares of Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after buying an additional 134 shares in the last quarter. Finally, Gables Capital Management Inc. lifted its position in shares of Johnson Controls International by 132.0% during the 4th quarter. Gables Capital Management Inc. now owns 580 shares of the company’s stock worth $46,000 after buying an additional 330 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Insider Activity

In related news, VP Nathan D. Manning sold 1,421 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the sale, the vice president now directly owns 148,346 shares of the company’s stock, valued at $11,339,568.24. The trade was a 0.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO George Oliver sold 205,168 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $88.03, for a total value of $18,060,939.04. Following the completion of the transaction, the chief executive officer now owns 1,260,527 shares in the company, valued at approximately $110,964,191.81. The trade was a 14.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 906,050 shares of company stock worth $77,839,329 in the last quarter. 0.54% of the stock is owned by corporate insiders.

Johnson Controls International Trading Up 3.0 %

JCI opened at $79.78 on Friday. Johnson Controls International plc has a twelve month low of $59.83 and a twelve month high of $91.14. The company has a fifty day moving average of $82.41 and a 200-day moving average of $79.67. The stock has a market cap of $52.67 billion, a PE ratio of 30.45, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. On average, sell-side analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Monday, March 24th. Johnson Controls International’s dividend payout ratio (DPR) is 56.49%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on JCI shares. Morgan Stanley lifted their target price on Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Friday, December 20th. UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and increased their price objective for the company from $90.00 to $103.00 in a research note on Monday, February 10th. Wells Fargo & Company boosted their target price on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Melius Research reissued a “hold” rating and set a $95.00 price objective on shares of Johnson Controls International in a report on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Johnson Controls International presently has an average rating of “Moderate Buy” and an average price target of $91.27.

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.