Harrington Investments INC Sells 704 Shares of Johnson Controls International plc (NYSE:JCI)

Harrington Investments INC lessened its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,903 shares of the company’s stock after selling 704 shares during the period. Harrington Investments INC’s holdings in Johnson Controls International were worth $1,334,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Compass Financial Services Inc bought a new position in Johnson Controls International in the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Johnson Controls International during the fourth quarter worth $29,000. Synergy Asset Management LLC bought a new stake in Johnson Controls International in the 4th quarter valued at $42,000. ST Germain D J Co. Inc. lifted its position in Johnson Controls International by 32.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock valued at $43,000 after acquiring an additional 134 shares in the last quarter. Finally, Gables Capital Management Inc. boosted its stake in Johnson Controls International by 132.0% in the 4th quarter. Gables Capital Management Inc. now owns 580 shares of the company’s stock worth $46,000 after purchasing an additional 330 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Stock Up 3.0 %

JCI stock opened at $79.78 on Friday. Johnson Controls International plc has a 1-year low of $59.83 and a 1-year high of $91.14. The business’s 50 day simple moving average is $82.41 and its 200 day simple moving average is $79.67. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $52.67 billion, a PE ratio of 30.45, a PEG ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. As a group, research analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.86%. Johnson Controls International’s dividend payout ratio (DPR) is currently 56.49%.

Insider Buying and Selling

In other Johnson Controls International news, VP Nathan D. Manning sold 1,421 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total transaction of $108,621.24. Following the transaction, the vice president now owns 148,346 shares in the company, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Oliver sold 205,168 shares of Johnson Controls International stock in a transaction on Friday, February 7th. The stock was sold at an average price of $88.03, for a total value of $18,060,939.04. Following the sale, the chief executive officer now directly owns 1,260,527 shares of the company’s stock, valued at $110,964,191.81. This represents a 14.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 906,050 shares of company stock valued at $77,839,329. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on JCI. Barclays cut their price target on Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating on the stock in a report on Monday, March 10th. JPMorgan Chase & Co. raised their price target on shares of Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Citigroup cut their price objective on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and raised their target price for the company from $90.00 to $103.00 in a research report on Monday, February 10th. Finally, Wells Fargo & Company boosted their price target on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Johnson Controls International currently has a consensus rating of “Moderate Buy” and an average target price of $91.27.

Johnson Controls International 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.