D.A. Davidson & CO. Reduces Position in Johnson Controls International plc (NYSE:JCI)

D.A. Davidson & CO. decreased its holdings in Johnson Controls International plc (NYSE:JCI) by 8.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,984 shares of the company’s stock after selling 2,157 shares during the quarter. D.A. Davidson & CO.’s holdings in Johnson Controls International were worth $1,706,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fisher Asset Management LLC raised its holdings in shares of Johnson Controls International by 3.4% during the third quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company’s stock valued at $1,187,084,000 after purchasing an additional 509,293 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Johnson Controls International by 8.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,855,075 shares of the company’s stock valued at $389,214,000 after buying an additional 479,548 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Johnson Controls International by 5.6% during the 3rd quarter. Raymond James & Associates now owns 4,735,147 shares of the company’s stock valued at $367,495,000 after buying an additional 249,405 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Johnson Controls International by 686.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock worth $295,487,000 after buying an additional 3,880,146 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Johnson Controls International by 2.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,401,984 shares of the company’s stock worth $159,660,000 after buying an additional 59,274 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling

In related news, CEO George Oliver sold 110,615 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. This represents a 8.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Nathan D. Manning sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total value of $231,240.00. Following the transaction, the chief operating officer now owns 140,488 shares of the company’s stock, valued at $10,828,815.04. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 741,829 shares of company stock worth $59,952,007. 0.69% of the stock is owned by insiders.

Johnson Controls International Stock Up 0.2 %

Shares of JCI opened at $83.86 on Friday. Johnson Controls International plc has a 12-month low of $51.70 and a 12-month high of $87.16. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $55.53 billion, a PE ratio of 33.02, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29. The business’s 50 day moving average is $79.17 and its 200 day moving average is $73.06.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is presently 58.27%.

Analysts Set New Price Targets

A number of research analysts have weighed in on JCI shares. Morgan Stanley began coverage on Johnson Controls International in a report on Friday, September 6th. They issued an “overweight” rating and a $85.00 target price on the stock. 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. Oppenheimer upped their target price on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. UBS Group initiated coverage on shares of Johnson Controls International in a research note on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price target on the stock. Finally, Robert W. Baird upped their price objective on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Johnson Controls International has an average rating of “Hold” and a consensus price target of $77.21.

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.