Glassy Mountain Advisors Inc. Has $4.30 Million Position in Johnson Controls International plc (NYSE:JCI)

Glassy Mountain Advisors Inc. reduced its holdings in Johnson Controls International plc (NYSE:JCI) by 0.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 54,436 shares of the company’s stock after selling 354 shares during the quarter. Johnson Controls International comprises 1.5% of Glassy Mountain Advisors Inc.’s holdings, making the stock its 27th biggest holding. Glassy Mountain Advisors Inc.’s holdings in Johnson Controls International were worth $4,297,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Metis Global Partners LLC boosted its holdings in Johnson Controls International by 0.4% in the 3rd quarter. Metis Global Partners LLC now owns 28,446 shares of the company’s stock valued at $2,208,000 after purchasing an additional 127 shares during the period. Gilbert & Cook Inc. raised its stake in shares of Johnson Controls International by 2.0% during the fourth quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company’s stock valued at $510,000 after acquiring an additional 127 shares during the last quarter. Graypoint LLC raised its stake in shares of Johnson Controls International by 4.1% during the fourth quarter. Graypoint LLC now owns 3,277 shares of the company’s stock valued at $259,000 after acquiring an additional 130 shares during the last quarter. ST Germain D J Co. Inc. raised its stake in shares of Johnson Controls International by 32.8% during the fourth 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 during the last quarter. Finally, Brooklyn Investment Group raised its stake in shares of Johnson Controls International by 3.1% during the fourth quarter. Brooklyn Investment Group now owns 4,444 shares of the company’s stock valued at $351,000 after acquiring an additional 135 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on JCI shares. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Friday, December 20th. Melius Research reiterated a “hold” rating and set a $95.00 price objective on shares of Johnson Controls International in a report on Tuesday, January 28th. Morgan Stanley lifted their price objective on shares of Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup cut their price target on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Finally, Barclays boosted their price target on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $90.27.

Johnson Controls International Stock Performance

Shares of NYSE JCI opened at $88.09 on Friday. The firm’s 50-day moving average price is $80.77 and its 200-day moving average price is $76.76. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The company has a market cap of $58.15 billion, a PE ratio of 34.68, a PEG ratio of 2.24 and a beta of 1.32. Johnson Controls International plc has a 52-week low of $53.34 and a 52-week high of $88.90.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.49% and a return on equity of 14.51%. As a group, analysts anticipate that Johnson Controls International plc will post 3.45 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s dividend payout ratio (DPR) is presently 58.27%.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 224,152 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the sale, the chief executive officer now owns 1,166,992 shares in the company, valued at approximately $96,533,578.24. This trade represents a 16.11 % 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, VP Nathan D. Manning sold 1,421 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now owns 148,346 shares in the company, valued at approximately $11,339,568.24. The trade was a 0.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 649,208 shares of company stock worth $54,081,073 in the last quarter. Company insiders own 0.54% of the company’s stock.

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.