Dai ichi Life Insurance Company Ltd Sells 1,837 Shares of Johnson Controls International plc (NYSE:JCI)

Dai ichi Life Insurance Company Ltd cut its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 4.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,668 shares of the company’s stock after selling 1,837 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Johnson Controls International were worth $2,846,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Patton Albertson Miller Group LLC bought a new position in Johnson Controls International during the third quarter worth about $225,000. Bank of Montreal Can lifted its holdings in Johnson Controls International by 5.4% during the third quarter. Bank of Montreal Can now owns 667,087 shares of the company’s stock worth $51,506,000 after acquiring an additional 34,373 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Johnson Controls International by 42.4% during the third quarter. Brown Brothers Harriman & Co. now owns 9,180 shares of the company’s stock worth $712,000 after acquiring an additional 2,733 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in 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 in the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in Johnson Controls International by 1.8% during the third quarter. Daiwa Securities Group Inc. now owns 197,806 shares of the company’s stock worth $15,351,000 after acquiring an additional 3,471 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Price Performance

NYSE:JCI opened at $83.75 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. The stock’s 50-day simple moving average is $78.57 and its 200 day simple moving average is $72.74. The company has a market cap of $55.46 billion, a P/E ratio of 32.97, a P/E/G ratio of 2.33 and a beta of 1.29. Johnson Controls International plc has a 52-week low of $51.70 and a 52-week high of $87.16.

Johnson Controls International Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently commented on JCI. UBS Group began coverage on Johnson Controls International in a report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price target on the stock. Mizuho boosted their price target on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Morgan Stanley began coverage on Johnson Controls International in a report on Friday, September 6th. They issued an “overweight” rating and a $85.00 price target on the stock. Bank of America boosted their price target on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Oppenheimer boosted their price target on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $77.21.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total value of $84,899.25. Following the sale, the chief operating officer now owns 143,488 shares in the company, valued at $10,438,752. This represents a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO George Oliver sold 224,152 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total value of $18,541,853.44. Following the completion of the sale, the chief executive officer now owns 1,166,992 shares in the company, valued at $96,533,578.24. This represents a 16.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 741,829 shares of company stock worth $59,952,007 over the last 90 days. Company insiders own 0.69% of the company’s stock.

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.