Harel Insurance Investments & Financial Services Ltd. Reduces Stock Holdings in Johnson Controls International plc (NYSE:JCI)

Harel Insurance Investments & Financial Services Ltd. reduced its stake in shares of Johnson Controls International plc (NYSE:JCI) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 356,264 shares of the company’s stock after selling 10,500 shares during the quarter. Harel Insurance Investments & Financial Services Ltd. owned approximately 0.05% of Johnson Controls International worth $28,219,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its stake in shares of Johnson Controls International by 65.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,615 shares of the company’s stock valued at $116,000 after purchasing an additional 638 shares during the period. Public Sector Pension Investment Board lifted its position in Johnson Controls International by 65.1% during the second quarter. Public Sector Pension Investment Board now owns 24,821 shares of the company’s stock valued at $1,650,000 after buying an additional 9,784 shares during the period. Insigneo Advisory Services LLC increased its stake in shares of Johnson Controls International by 7.8% in the 2nd quarter. Insigneo Advisory Services LLC now owns 5,368 shares of the company’s stock worth $353,000 after acquiring an additional 387 shares in the last quarter. APG Asset Management N.V. lifted its position in Johnson Controls International by 201.7% during the 2nd quarter. APG Asset Management N.V. now owns 84,666 shares of the company’s stock valued at $5,251,000 after acquiring an additional 56,600 shares during the period. Finally, MBB Public Markets I LLC bought a new stake in Johnson Controls International during the second quarter worth about $3,302,000. 90.05% of the stock is currently owned by institutional investors.

Insider Transactions at Johnson Controls International

In other news, EVP Marlon Sullivan sold 7,230 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total value of $602,620.50. Following the completion of the sale, the executive vice president now directly owns 32,246 shares in the company, valued at $2,687,704.10. This represents a 18.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO George Oliver sold 224,152 shares of Johnson Controls International stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total value of $18,541,853.44. Following the transaction, the chief executive officer now owns 1,166,992 shares in the company, valued at $96,533,578.24. This trade represents a 16.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 647,787 shares of company stock worth $53,972,452 in the last quarter. Company insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Performance

Shares of JCI opened at $81.65 on Friday. The firm has a market capitalization of $53.90 billion, a P/E ratio of 32.14, a PEG ratio of 2.35 and a beta of 1.32. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. Johnson Controls International plc has a one year low of $52.02 and a one year high of $87.16. The business has a fifty day moving average of $81.67 and a 200 day moving average of $76.12.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s payout ratio is currently 58.27%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup decreased their target price on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Barclays lifted their price objective on Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Mizuho increased their target price on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. lowered their price target on Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Finally, Wells Fargo & Company cut their price objective on shares of Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $82.53.

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.