Swiss National Bank Cuts Stock Position in Johnson Controls International plc (NYSE:JCI)

Swiss National Bank lessened its holdings in Johnson Controls International plc (NYSE:JCI) by 0.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,999,581 shares of the company’s stock after selling 18,100 shares during the period. Swiss National Bank’s holdings in Johnson Controls International were worth $155,187,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cetera Investment Advisers grew its holdings in Johnson Controls International by 470.9% during the 1st quarter. Cetera Investment Advisers now owns 157,980 shares of the company’s stock valued at $10,319,000 after purchasing an additional 130,308 shares in the last quarter. Epoch Investment Partners Inc. grew its holdings in Johnson Controls International by 0.9% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,129,418 shares of the company’s stock valued at $73,774,000 after purchasing an additional 10,146 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Johnson Controls International during the 3rd quarter valued at $7,692,000. Orion Portfolio Solutions LLC grew its holdings in Johnson Controls International by 15.8% during the 1st quarter. Orion Portfolio Solutions LLC now owns 27,191 shares of the company’s stock valued at $1,776,000 after purchasing an additional 3,717 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its holdings in Johnson Controls International by 29.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 39,436 shares of the company’s stock valued at $2,576,000 after purchasing an additional 8,897 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Trading Down 0.9 %

NYSE JCI opened at $84.40 on Monday. Johnson Controls International plc has a one year low of $51.40 and a one year high of $87.16. The company has a 50-day simple moving average of $76.84 and a 200-day simple moving average of $71.77. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. The firm has a market capitalization of $56.38 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 2.36 and a beta of 1.29.

Johnson Controls International Dividend Announcement

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

Insiders Place Their Bets

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the sale, the chief operating officer now directly owns 143,488 shares in the company, valued at approximately $10,438,752. The trade was a 0.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at $95,507,639.29. This trade represents 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 have sold 226,141 shares of company stock worth $16,904,519. 0.69% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Johnson Controls International in a report on Friday, September 6th. They set an “overweight” rating and a $85.00 price target for the company. 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 report on Wednesday, October 2nd. StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Oppenheimer raised their price objective on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Robert W. Baird raised 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. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Johnson Controls International presently has a consensus rating of “Hold” and an average target price of $77.21.

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.