Sigma Planning Corp Reduces Stock Position in Johnson Controls International plc (NYSE:JCI)

Sigma Planning Corp lessened its position in Johnson Controls International plc (NYSE:JCI) by 2.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,798 shares of the company’s stock after selling 138 shares during the period. Sigma Planning Corp’s holdings in Johnson Controls International were worth $372,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Capital World Investors lifted its holdings in Johnson Controls International by 85.5% in the 1st quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock worth $923,804,000 after buying an additional 6,520,580 shares during the period. Dimensional Fund Advisors LP lifted its stake in Johnson Controls International by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 5,855,075 shares of the company’s stock worth $389,214,000 after acquiring an additional 479,548 shares during the period. Raymond James & Associates boosted its holdings in Johnson Controls International by 5.6% in the third quarter. Raymond James & Associates now owns 4,735,147 shares of the company’s stock valued at $367,495,000 after acquiring an additional 249,405 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in Johnson Controls International by 686.4% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock valued at $295,487,000 after purchasing an additional 3,880,146 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Johnson Controls International by 2.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,401,984 shares of the company’s stock worth $159,660,000 after purchasing an additional 59,274 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on JCI shares. Morgan Stanley assumed coverage on shares of Johnson Controls International in a report on Friday, September 6th. They issued an “overweight” rating and a $85.00 price objective for the company. Mizuho raised their target price on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Robert W. Baird upped their price target on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Oppenheimer raised their price objective on Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group upped their target price on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Twelve research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $77.21.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $84.40 on Friday. The firm has a market cap of $56.38 billion, a P/E ratio of 33.46, a PEG ratio of 2.39 and a beta of 1.29. Johnson Controls International plc has a twelve month low of $51.40 and a twelve month high of $87.16. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average of $76.51 and a 200 day moving average of $71.51.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is currently 58.27%.

Insider Activity

In related news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the completion of the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at $95,507,639.29. This represents a 8.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 226,141 shares of company stock valued at $16,904,519 over the last ninety days. 0.69% of the stock is currently owned by corporate insiders.

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.