Glassy Mountain Advisors Inc. Cuts Holdings in Johnson Controls International plc (NYSE:JCI)

Glassy Mountain Advisors Inc. decreased its stake in shares of Johnson Controls International plc (NYSE:JCI) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,436 shares of the company’s stock after selling 354 shares during the quarter. Johnson Controls International makes up 1.5% of Glassy Mountain Advisors Inc.’s investment portfolio, making the stock its 27th biggest holding. Glassy Mountain Advisors Inc.’s holdings in Johnson Controls International were worth $4,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Johnson Controls International by 514.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,391,562 shares of the company’s stock valued at $418,439,000 after acquiring an additional 4,514,792 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Johnson Controls International by 3.4% in the 3rd quarter. Fisher Asset Management LLC now owns 15,295,506 shares of the company’s stock valued at $1,187,084,000 after acquiring an additional 509,293 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Johnson Controls International in the 4th quarter valued at about $32,609,000. Worldquant Millennium Advisors LLC purchased a new position in shares of Johnson Controls International in the 3rd quarter valued at about $25,065,000. Finally, State Street Corp increased its holdings in shares of Johnson Controls International by 1.1% in the 3rd quarter. State Street Corp now owns 27,939,766 shares of the company’s stock valued at $2,178,595,000 after acquiring an additional 300,712 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Buying and Selling

In other news, CEO George Oliver sold 110,616 shares of Johnson Controls International stock in a transaction on Friday, November 15th. The shares were sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the transaction, the chief executive officer now directly owns 1,244,617 shares of the company’s stock, valued at $105,294,598.20. This trade represents a 8.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction 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 transaction, the vice president now directly owns 148,346 shares in the company, valued at approximately $11,339,568.24. This represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 649,208 shares of company stock valued at $54,081,073 over the last quarter. Corporate insiders own 0.54% of the company’s stock.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $88.09 on Friday. Johnson Controls International plc has a one year low of $53.34 and a one year high of $88.90. The stock has a fifty day moving average of $80.77 and a 200-day moving average of $76.76. The company has a market capitalization of $58.15 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 2.24 and a beta of 1.32. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping 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, equities analysts anticipate that Johnson Controls International plc will post 3.45 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors 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 payout ratio is presently 58.27%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on JCI shares. Wells Fargo & Company increased their price objective on Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday. Melius Research reiterated a “hold” rating and issued a $95.00 price objective on shares of Johnson Controls International in a report on Tuesday, January 28th. Barclays upped their target price on Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, UBS Group began coverage on Johnson Controls International in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 target price for the company. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Johnson Controls International currently has a consensus rating of “Hold” and an average target price of $90.27.

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.