Johnson Controls International plc (NYSE:JCI) Shares Sold by Independent Advisor Alliance

Independent Advisor Alliance reduced its stake in Johnson Controls International plc (NYSE:JCI) by 66.8% during the 3rd quarter, Holdings Channel reports. The fund owned 5,729 shares of the company’s stock after selling 11,529 shares during the period. Independent Advisor Alliance’s holdings in Johnson Controls International were worth $445,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Cetera Investment Advisers boosted its stake in shares of Johnson Controls International by 470.9% during the 1st quarter. Cetera Investment Advisers now owns 157,980 shares of the company’s stock worth $10,319,000 after purchasing an additional 130,308 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Johnson Controls International in the 3rd quarter worth approximately $7,692,000. CIBC Asset Management Inc raised its holdings in Johnson Controls International by 6.8% in the 3rd quarter. CIBC Asset Management Inc now owns 117,328 shares of the company’s stock valued at $9,106,000 after acquiring an additional 7,433 shares during the last quarter. Nwam LLC purchased a new position in shares of Johnson Controls International during the 3rd quarter worth $701,000. Finally, CWC Advisors LLC. acquired a new stake in shares of Johnson Controls International during the third quarter worth $892,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on JCI. Morgan Stanley started coverage on Johnson Controls International in a research report on Friday, September 6th. They set an “overweight” rating and a $85.00 target price on the stock. Robert W. Baird increased their price objective on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Barclays boosted their target price on shares of Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Wells Fargo & Company increased their price target on shares of Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Mizuho boosted their price objective on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $77.21.

Johnson Controls International Stock Performance

Shares of NYSE:JCI opened at $83.71 on Friday. The company has a market cap of $55.43 billion, a P/E ratio of 32.96, a PEG ratio of 2.33 and a beta of 1.29. Johnson Controls International plc has a one year low of $51.70 and a one year high of $87.16. The business’s 50-day simple moving average is $78.97 and its 200 day simple moving average is $72.89. 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 Dividend Announcement

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. The ex-dividend date was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.77%. Johnson Controls International’s payout ratio is currently 58.27%.

Insider Activity

In related news, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the transaction, the chief executive officer now owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. The trade was a 8.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 of the company’s stock, valued at approximately $10,438,752. This trade represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 741,829 shares of company stock worth $59,952,007. 0.69% of the stock is currently owned by company insiders.

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.