Johnson Controls International plc (NYSE:JCI) Shares Sold by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC trimmed its position in Johnson Controls International plc (NYSE:JCI) by 7.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,215 shares of the company’s stock after selling 349 shares during the period. Nicolet Advisory Services LLC’s holdings in Johnson Controls International were worth $318,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Metis Global Partners LLC boosted its stake in shares of Johnson Controls International by 0.4% in 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 lifted its holdings in Johnson Controls International by 4.6% in the 2nd quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock valued at $248,000 after purchasing an additional 163 shares in the last quarter. Miracle Mile Advisors LLC boosted its stake in Johnson Controls International by 1.0% during the 3rd quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company’s stock worth $1,320,000 after purchasing an additional 163 shares during the last quarter. Berry Wealth Group LP raised its position 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 during the last quarter. Finally, Commerce Bank raised its position in shares of Johnson Controls International by 0.8% in the third quarter. Commerce Bank now owns 22,984 shares of the company’s stock valued at $1,784,000 after buying an additional 186 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Price Performance

Johnson Controls International stock opened at $83.45 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. The stock has a market capitalization of $55.26 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 2.33 and a beta of 1.29. The business has a 50 day simple moving average of $78.13 and a 200-day simple moving average of $72.49. Johnson Controls International plc has a 12 month low of $51.70 and a 12 month high of $87.16.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were issued a dividend of $0.37 per share. The ex-dividend date was Wednesday, September 25th. This represents a $1.48 annualized dividend and a yield of 1.77%. Johnson Controls International’s dividend payout ratio is currently 58.27%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JCI. Mizuho upped 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. Barclays raised their price objective on shares of Johnson Controls International from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada boosted their target price on shares of Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. The Goldman Sachs Group raised their price target on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Morgan Stanley began coverage on Johnson Controls International in a report on Friday, September 6th. They issued an “overweight” rating and a $85.00 price objective on the stock. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $77.21.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total value of $231,240.00. Following the completion of the transaction, the chief operating officer now directly owns 140,488 shares of the company’s stock, valued at approximately $10,828,815.04. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction that occurred on Monday, September 16th. The shares were 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 of the company’s stock, valued at approximately $90,383,385.17. The trade was a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 561,095 shares of company stock valued at $44,820,037. Corporate insiders own 0.69% of the company’s stock.

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.