Atom Investors LP Lowers Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Atom Investors LP lessened its holdings in Johnson Controls International plc (NYSE:JCI) by 73.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 4,147 shares of the company’s stock after selling 11,437 shares during the period. Atom Investors LP’s holdings in Johnson Controls International were worth $322,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fortitude Family Office LLC raised its stake in Johnson Controls International by 195.8% during the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after purchasing an additional 278 shares during the period. Wolff Wiese Magana LLC lifted its holdings in shares of Johnson Controls International by 977.3% in the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after buying an additional 430 shares in the last quarter. Continuum Advisory LLC boosted its position in shares of Johnson Controls International by 65.2% during the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after acquiring an additional 208 shares during the last quarter. Western Pacific Wealth Management LP purchased a new position in Johnson Controls International during the third quarter valued at $44,000. Finally, Friedenthal Financial bought a new stake in Johnson Controls International in the 2nd quarter valued at $47,000. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $83.77 on Thursday. The firm has a 50-day moving average price of $79.63 and a 200-day moving average price of $73.37. The firm has a market capitalization of $55.47 billion, a PE ratio of 32.98, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. Johnson Controls International plc has a 12-month low of $51.70 and a 12-month high of $87.16.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were issued a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 annualized dividend and a dividend yield of 1.77%. Johnson Controls International’s dividend payout ratio (DPR) is presently 58.27%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on JCI shares. Robert W. Baird raised their price objective 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. Oppenheimer lifted their price objective on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Morgan Stanley initiated coverage on Johnson Controls International in a research report on Friday, September 6th. They set an “overweight” rating and a $85.00 target price for the company. Finally, Royal Bank of Canada increased their price objective on shares of Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Twelve analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $77.21.

Insider Transactions at Johnson Controls International

In related news, CEO George Oliver sold 170,430 shares of Johnson Controls International stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $83.70, for a total transaction of $14,264,991.00. Following the completion of the sale, the chief executive officer now owns 1,166,992 shares in the company, valued at $97,677,230.40. This trade represents a 12.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total transaction of $231,240.00. Following the sale, the chief operating officer now owns 140,488 shares of the company’s stock, valued at $10,828,815.04. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 740,662 shares of company stock worth $59,869,133. 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.