F M Investments LLC Has $8.75 Million Holdings in Johnson Controls International plc (NYSE:JCI)

F M Investments LLC cut its position in shares of Johnson Controls International plc (NYSE:JCI) by 9.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,757 shares of the company’s stock after selling 12,442 shares during the period. F M Investments LLC’s holdings in Johnson Controls International were worth $8,751,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Ceredex Value Advisors LLC lifted its stake in Johnson Controls International by 8.7% in the third quarter. Ceredex Value Advisors LLC now owns 1,201,604 shares of the company’s stock valued at $93,715,000 after acquiring an additional 96,279 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Johnson Controls International by 11.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,409 shares of the company’s stock valued at $497,000 after purchasing an additional 648 shares in the last quarter. Weatherly Asset Management L. P. acquired a new stake in shares of Johnson Controls International in the 3rd quarter valued at $383,000. Lowe Brockenbrough & Co. Inc. boosted its holdings in Johnson Controls International by 5.1% in the third quarter. Lowe Brockenbrough & Co. Inc. now owns 16,231 shares of the company’s stock worth $1,266,000 after purchasing an additional 789 shares in the last quarter. Finally, Americana Partners LLC acquired a new position in Johnson Controls International during the third quarter worth $366,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Trading Down 0.1 %

JCI stock traded down $0.05 during midday trading on Friday, reaching $75.50. The stock had a trading volume of 2,284,792 shares, compared to its average volume of 3,110,361. The firm has a market cap of $50.43 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 2.16 and a beta of 1.29. Johnson Controls International plc has a twelve month low of $49.64 and a twelve month high of $78.23. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $74.53 and a two-hundred day simple moving average of $70.40.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 earnings per share 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 quarter last year, the firm earned $1.03 EPS. Johnson Controls International’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, research analysts expect that Johnson Controls International plc will post 3.68 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were given a dividend of $0.37 per share. The ex-dividend date was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.96%. Johnson Controls International’s dividend payout ratio is 61.92%.

Analyst Ratings Changes

A number of analysts have weighed in on JCI shares. Bank of America boosted their price target on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Wells Fargo & Company increased their price target on Johnson Controls International from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Morgan Stanley assumed coverage on shares of Johnson Controls International in a research note on Friday, September 6th. They issued an “overweight” rating and a $85.00 price objective for the company. Royal Bank of Canada upgraded shares of Johnson Controls International from an “underperform” rating to a “sector perform” rating and lifted their target price for the stock from $61.00 to $69.00 in a report on Wednesday, August 14th. Finally, StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Saturday, October 26th. Twelve equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $73.43.

Insider Activity

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total transaction of $84,899.25. Following the transaction, the chief operating officer now directly owns 143,488 shares in the company, valued at approximately $10,438,752. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total value of $84,899.25. Following the transaction, the chief operating officer now owns 143,488 shares of the company’s stock, valued at approximately $10,438,752. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO George Oliver sold 110,615 shares of the stock in a transaction on Monday, September 16th. The stock was 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 directly owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 226,327 shares of company stock valued at $16,916,720 in the last quarter. Company 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.