Harrell Investment Partners LLC Reduces Stake in Johnson Controls International plc (NYSE:JCI)

Harrell Investment Partners LLC cut its stake in shares of Johnson Controls International plc (NYSE:JCI) by 9.0% during the third quarter, HoldingsChannel reports. The firm owned 41,806 shares of the company’s stock after selling 4,158 shares during the quarter. Harrell Investment Partners LLC’s holdings in Johnson Controls International were worth $3,245,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Johnson Controls International by 17.3% during the 4th quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock valued at $4,114,756,000 after buying an additional 10,522,009 shares during the period. Capital World Investors increased its position in Johnson Controls International by 85.5% during the first quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock valued at $923,804,000 after acquiring an additional 6,520,580 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Johnson Controls International by 686.4% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock valued at $295,487,000 after acquiring an additional 3,880,146 shares during the period. M&G Plc bought a new stake in shares of Johnson Controls International in the 1st quarter worth about $120,948,000. Finally, Toronto Dominion Bank boosted its stake in shares of Johnson Controls International by 413.5% during the 1st quarter. Toronto Dominion Bank now owns 1,935,465 shares of the company’s stock worth $126,425,000 after purchasing an additional 1,558,560 shares during the period. 90.05% of the stock is owned by institutional investors.

Johnson Controls International Stock Down 0.3 %

Shares of NYSE:JCI traded down $0.24 on Monday, reaching $77.37. The company had a trading volume of 329,678 shares, compared to its average volume of 5,057,103. The firm’s 50 day simple moving average is $72.08 and its 200-day simple moving average is $69.25. Johnson Controls International plc has a 52-week low of $47.90 and a 52-week high of $78.23. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $51.68 billion, a PE ratio of 32.47, a PEG ratio of 2.07 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.06. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The business had revenue of $7.23 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same period in the previous year, the company earned $1.03 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, analysts expect that Johnson Controls International plc will post 3.68 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th will be issued a $0.37 dividend. The ex-dividend date is Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.91%. Johnson Controls International’s dividend payout ratio is currently 61.92%.

Insider Buying and Selling

In other news, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $70.71, for a total value of $82,518.57. Following the transaction, the chief operating officer now directly owns 103,866 shares of the company’s stock, valued at approximately $7,344,364.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $70.71, for a total value of $82,518.57. Following the sale, the chief operating officer now directly owns 103,866 shares of the company’s stock, valued at $7,344,364.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total transaction of $231,240.00. Following 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 116,879 shares of company stock worth $8,503,656 in the last 90 days. Insiders own 0.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays increased 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. StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Thursday. The Goldman Sachs Group upped their price objective on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Oppenheimer lifted their target price on Johnson Controls International from $79.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company upped their price target on shares of Johnson Controls International from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Johnson Controls International has a consensus rating of “Hold” and an average target price of $72.50.

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.