Hartford Investment Management Co. Has $3.25 Million Stock Position in Johnson Controls International plc (NYSE:JCI)

Hartford Investment Management Co. cut its stake in shares of Johnson Controls International plc (NYSE:JCI) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,217 shares of the company’s stock after selling 797 shares during the period. Hartford Investment Management Co.’s holdings in Johnson Controls International were worth $3,253,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of JCI. Ritholtz Wealth Management raised its position in shares of Johnson Controls International by 8.4% in the third quarter. Ritholtz Wealth Management now owns 3,614 shares of the company’s stock valued at $280,000 after buying an additional 281 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Johnson Controls International by 170.8% in the third quarter. Exchange Traded Concepts LLC now owns 1,763 shares of the company’s stock worth $137,000 after purchasing an additional 1,112 shares during the last quarter. Procyon Advisors LLC bought a new stake in shares of Johnson Controls International in the third quarter worth $235,000. Creative Planning grew its stake in shares of Johnson Controls International by 11.1% in the third quarter. Creative Planning now owns 73,594 shares of the company’s stock worth $5,712,000 after purchasing an additional 7,375 shares during the last quarter. Finally, NBC Securities Inc. boosted its position in Johnson Controls International by 7.3% during the third quarter. NBC Securities Inc. now owns 14,902 shares of the company’s stock valued at $1,156,000 after acquiring an additional 1,008 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Stock Down 0.2 %

JCI opened at $89.02 on Thursday. The company has a 50 day moving average of $81.18 and a 200 day moving average of $77.38. The company has a market cap of $58.77 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 2.48 and a beta of 1.32. Johnson Controls International plc has a 12 month low of $54.07 and a 12 month high of $89.95. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. On average, sell-side analysts expect that Johnson Controls International plc will post 3.52 EPS for the current year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s dividend payout ratio is presently 56.49%.

Analyst Ratings Changes

Several brokerages have recently weighed in on JCI. Citigroup dropped their price objective 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. Melius lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price on the stock. in a report on Tuesday, January 28th. Barclays upped their price objective on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Oppenheimer upped their price objective on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of Johnson Controls International from $87.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.13.

Insiders Place Their Bets

In other news, EVP Marlon Sullivan sold 7,230 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total transaction of $602,620.50. Following the sale, the executive vice president now owns 32,246 shares in the company, valued at approximately $2,687,704.10. This trade represents a 18.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO George Oliver sold 205,168 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $89.07, for a total transaction of $18,274,313.76. Following the sale, the chief executive officer now owns 1,260,527 shares in the company, valued at approximately $112,275,139.89. This trade represents a 14.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,061,494 shares of company stock worth $90,587,400 in the last three months. 0.54% of the stock is currently owned by corporate insiders.

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.