Osborne Partners Capital Management LLC Sells 1,439 Shares of Johnson Controls International plc (NYSE:JCI)

Osborne Partners Capital Management LLC lessened its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 16.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 7,317 shares of the company’s stock after selling 1,439 shares during the quarter. Osborne Partners Capital Management LLC’s holdings in Johnson Controls International were worth $578,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Comprehensive Financial Consultants Institutional Inc. increased its position in shares of Johnson Controls International by 2.2% in the 4th quarter. Comprehensive Financial Consultants Institutional Inc. now owns 58,812 shares of the company’s stock valued at $4,642,000 after buying an additional 1,246 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Johnson Controls International by 2.2% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 18,999 shares of the company’s stock worth $1,500,000 after acquiring an additional 404 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of Johnson Controls International in the fourth quarter valued at approximately $233,000. Heck Capital Advisors LLC bought a new stake in shares of Johnson Controls International in the fourth quarter worth $48,000. Finally, Austin Private Wealth LLC boosted its holdings in Johnson Controls International by 9.2% during the fourth quarter. Austin Private Wealth LLC now owns 2,833 shares of the company’s stock worth $224,000 after purchasing an additional 238 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $78.00 on Monday. The firm has a market cap of $51.49 billion, a P/E ratio of 30.71, a price-to-earnings-growth ratio of 2.19 and a beta of 1.32. The business’s 50 day moving average is $80.97 and its 200-day moving average is $76.53. 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 1-year low of $52.02 and a 1-year high of $87.16.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were given a $0.37 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.90%. Johnson Controls International’s payout ratio is presently 58.27%.

Insider Activity

In other news, CEO George Oliver sold 110,616 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the completion of the sale, the chief executive officer now directly owns 1,244,617 shares in the company, valued at approximately $105,294,598.20. This represents a 8.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Marlon Sullivan sold 7,230 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now owns 32,246 shares in the company, valued at $2,687,704.10. The trade was a 18.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 647,787 shares of company stock valued at $53,972,452. 0.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on JCI. Melius cut shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price target on the stock. in a research report on Tuesday, January 28th. Melius Research restated a “hold” rating and issued a $95.00 price target on shares of Johnson Controls International in a research note on Tuesday, January 28th. Royal Bank of Canada upped their price objective on Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Mizuho increased their price objective on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, UBS Group began coverage on shares of Johnson Controls International in a report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Johnson Controls International presently has an average rating of “Hold” and an average target price of $87.20.

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.