Roffman Miller Associates Inc. PA Lowers Stock Position in Johnson Controls International plc (NYSE:JCI)

Roffman Miller Associates Inc. PA lowered its stake in shares of Johnson Controls International plc (NYSE:JCI) by 2.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 335,322 shares of the company’s stock after selling 7,878 shares during the quarter. Johnson Controls International accounts for 1.6% of Roffman Miller Associates Inc. PA’s holdings, making the stock its 25th largest position. Roffman Miller Associates Inc. PA’s holdings in Johnson Controls International were worth $26,024,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. International Assets Investment Management LLC purchased a new stake in Johnson Controls International in the third quarter worth about $7,692,000. CIBC Asset Management Inc boosted its holdings in shares of Johnson Controls International by 6.8% in the 3rd quarter. CIBC Asset Management Inc now owns 117,328 shares of the company’s stock valued at $9,106,000 after acquiring an additional 7,433 shares during the last quarter. Cerity Partners LLC grew its position in Johnson Controls International by 35.9% during the 3rd quarter. Cerity Partners LLC now owns 56,493 shares of the company’s stock worth $4,385,000 after purchasing an additional 14,925 shares during the period. Nwam LLC purchased a new position in Johnson Controls International during the third quarter valued at approximately $701,000. Finally, CWC Advisors LLC. acquired a new position in shares of Johnson Controls International in the 3rd quarter valued at $892,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Activity

In other news, COO Nathan D. Manning sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the completion of the transaction, the chief operating officer now directly owns 140,488 shares of the company’s stock, valued at approximately $10,828,815.04. This represents a 2.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.67, for a total value 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 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 740,662 shares of company stock valued at $59,869,133 over the last three months. Insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JCI. Royal Bank of Canada increased their target price on Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Barclays boosted their price target on shares of Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday. Wells Fargo & Company increased their price objective on Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Bank of America boosted their price target on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Oppenheimer increased their target price on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $78.57.

Johnson Controls International Trading Up 1.5 %

NYSE:JCI opened at $84.34 on Monday. The business has a fifty day moving average of $79.91 and a 200-day moving average of $73.54. The stock has a market cap of $55.85 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 2.35 and a beta of 1.31. 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 plc has a 1 year low of $51.70 and a 1 year high of $87.16.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Monday, December 23rd will be issued a $0.37 dividend. The ex-dividend date is Monday, December 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.75%. Johnson Controls International’s dividend payout ratio is currently 58.27%.

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.