Johnson Controls International plc (NYSE:JCI) Shares Sold by Caprock Group LLC

Caprock Group LLC decreased its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 19.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,220 shares of the company’s stock after selling 5,457 shares during the quarter. Caprock Group LLC’s holdings in Johnson Controls International were worth $1,811,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Metis Global Partners LLC increased its stake in Johnson Controls International by 0.4% during the third quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock worth $2,208,000 after acquiring an additional 127 shares during the last quarter. Summit Trail Advisors LLC grew its stake in shares of Johnson Controls International by 4.6% in the second quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock valued at $248,000 after buying an additional 163 shares in the last quarter. Miracle Mile Advisors LLC grew its stake in shares of Johnson Controls International by 1.0% in the third quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company’s stock valued at $1,320,000 after buying an additional 163 shares in the last quarter. Berry Wealth Group LP grew its stake in shares of Johnson Controls International by 0.7% in the third quarter. Berry Wealth Group LP now owns 25,978 shares of the company’s stock valued at $2,016,000 after buying an additional 177 shares in the last quarter. Finally, Center for Financial Planning Inc. grew its stake in shares of Johnson Controls International by 5.7% in the second quarter. Center for Financial Planning Inc. now owns 3,485 shares of the company’s stock valued at $232,000 after buying an additional 187 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

JCI has been the subject of a number of research reports. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday. UBS Group initiated coverage on Johnson Controls International in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price objective for the company. Bank of America lifted their price objective on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Mizuho lifted their target price 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, Royal Bank of Canada lifted their target price on Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $77.21.

Insider Transactions at Johnson Controls International

In related news, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the transaction, the chief operating officer now owns 140,488 shares in the company, valued at $10,828,815.04. The trade was a 2.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO George Oliver sold 110,616 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $84.60, for a total value of $9,358,113.60. Following the completion of the transaction, the chief executive officer now owns 1,244,617 shares in the company, valued at $105,294,598.20. This trade represents a 8.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 336,943 shares of company stock worth $26,278,184. Corporate insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Down 0.7 %

JCI opened at $82.98 on Thursday. The business’s 50-day simple moving average is $77.65 and its 200-day simple moving average is $72.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. Johnson Controls International plc has a one year low of $51.70 and a one year high of $87.16. The stock has a market capitalization of $55.43 billion, a P/E ratio of 32.67, a price-to-earnings-growth ratio of 2.36 and a beta of 1.29.

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 given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is currently 58.27%.

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.