Easterly Investment Partners LLC Reduces Holdings in Johnson Controls International plc (NYSE:JCI)

Easterly Investment Partners LLC lowered its position in Johnson Controls International plc (NYSE:JCI) by 9.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 180,010 shares of the company’s stock after selling 18,816 shares during the quarter. Johnson Controls International comprises about 1.1% of Easterly Investment Partners LLC’s portfolio, making the stock its 20th largest position. Easterly Investment Partners LLC’s holdings in Johnson Controls International were worth $13,971,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in JCI. Fortitude Family Office LLC boosted its holdings in Johnson Controls International by 195.8% during the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after acquiring an additional 278 shares during the period. Continuum Advisory LLC boosted its holdings in shares of Johnson Controls International by 65.2% in the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares during the period. Wolff Wiese Magana LLC raised its position in Johnson Controls International by 977.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after purchasing an additional 430 shares in the last quarter. Western Pacific Wealth Management LP purchased a new stake in shares of Johnson Controls International in the 3rd quarter worth $44,000. Finally, Hexagon Capital Partners LLC grew its position in shares of Johnson Controls International by 39.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $47,000 after buying an additional 202 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Insiders Place Their Bets

In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at $90,383,385.17. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total transaction of $231,240.00. Following the sale, the chief operating officer now directly owns 140,488 shares in the company, valued at $10,828,815.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Oliver sold 110,615 shares of Johnson Controls International 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 sale, the chief executive officer now owns 1,243,751 shares in the company, valued at $90,383,385.17. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 226,141 shares of company stock worth $16,904,519 over the last three months. Company insiders own 0.69% of the company’s stock.

Johnson Controls International Price Performance

JCI stock traded up $2.62 during mid-day trading on Friday, reaching $84.53. The company’s stock had a trading volume of 1,007,336 shares, compared to its average volume of 4,932,943. The company has a current ratio of 0.94, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The company’s 50 day moving average is $74.87 and its two-hundred day moving average is $70.72. The stock has a market cap of $56.47 billion, a PE ratio of 32.24, a P/E/G ratio of 2.39 and a beta of 1.29. Johnson Controls International plc has a fifty-two week low of $50.00 and a fifty-two week high of $84.68.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, November 6th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.03. Johnson Controls International had a return on equity of 14.51% and a net margin of 6.49%. The company had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $7.26 billion. Equities research analysts expect that Johnson Controls International plc will post 3.46 EPS for the current year.

Johnson Controls International Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently weighed in on JCI shares. Mizuho upped their price objective on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Barclays increased their target price on Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. StockNews.com upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Monday. Morgan Stanley began coverage on shares of Johnson Controls International in a research report on Friday, September 6th. They set an “overweight” rating and a $85.00 price target for the company. Finally, Bank of America increased their target price on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Johnson Controls International has an average rating of “Hold” and a consensus target price of $75.64.

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.