Exchange Traded Concepts LLC Sells 206 Shares of Johnson Controls International plc (NYSE:JCI)

Exchange Traded Concepts LLC reduced its holdings in Johnson Controls International plc (NYSE:JCI) by 11.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,557 shares of the company’s stock after selling 206 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Johnson Controls International were worth $123,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JCI. Fortitude Family Office LLC grew its holdings in shares of Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after purchasing an additional 278 shares during the last quarter. Wolff Wiese Magana LLC grew its holdings in Johnson Controls International by 977.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after acquiring an additional 430 shares during the last quarter. ST Germain D J Co. Inc. increased its position in Johnson Controls International by 32.8% in the 4th 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 in the last quarter. Western Pacific Wealth Management LP bought a new position in shares of Johnson Controls International in the third quarter worth about $44,000. Finally, Friedenthal Financial acquired a new position in shares of Johnson Controls International during the fourth quarter worth approximately $49,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on JCI. Wells Fargo & Company lowered their price target on shares of Johnson Controls International from $95.00 to $92.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. UBS Group started coverage on Johnson Controls International in a report on Wednesday, November 13th. They set a “neutral” rating and a $90.00 price objective for the company. Mizuho raised their price target on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Melius lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective on the stock. in a research note on Tuesday, January 28th. Finally, Robert W. Baird upped their target price on shares of Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Johnson Controls International presently has a consensus rating of “Hold” and an average price target of $87.20.

Johnson Controls International Stock Down 0.3 %

Shares of Johnson Controls International stock opened at $78.00 on Friday. The firm has a market cap of $51.49 billion, a PE ratio of 30.71, a P/E/G ratio of 2.19 and a beta of 1.32. The business’s 50 day simple moving average is $80.97 and its 200 day simple moving average is $76.50. 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 52-week low of $52.02 and a 52-week high of $87.16.

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 given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s dividend payout ratio is presently 58.27%.

Insider Transactions at Johnson Controls International

In related news, EVP Marlon Sullivan sold 7,230 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the completion of the transaction, the executive vice president now directly owns 32,246 shares of the company’s stock, valued at approximately $2,687,704.10. This represents a 18.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO George Oliver sold 124,497 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $82.67, for a total value of $10,292,166.99. Following the sale, the chief executive officer now owns 1,267,716 shares in the company, valued at approximately $104,802,081.72. This represents a 8.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 647,787 shares of company stock valued at $53,972,452 over the last 90 days. 0.54% of the stock is 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.