Johnson Controls International plc (NYSE:JCI) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its position in Johnson Controls International plc (NYSE:JCI) by 20.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 548,218 shares of the company’s stock after selling 136,629 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.08% of Johnson Controls International worth $42,546,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of JCI. Bank of Montreal Can raised its stake in shares of Johnson Controls International by 5.4% in the 3rd quarter. Bank of Montreal Can now owns 667,087 shares of the company’s stock valued at $51,506,000 after acquiring an additional 34,373 shares during the period. Brown Brothers Harriman & Co. raised its stake in shares of Johnson Controls International by 42.4% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 9,180 shares of the company’s stock valued at $712,000 after acquiring an additional 2,733 shares during the period. Fisher Asset Management LLC raised its stake 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 period. Daiwa Securities Group Inc. raised its stake in shares of Johnson Controls International by 1.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 197,806 shares of the company’s stock valued at $15,351,000 after acquiring an additional 3,471 shares during the period. Finally, Summit Trail Advisors LLC raised its stake in shares of Johnson Controls International by 26.4% in the 3rd quarter. Summit Trail Advisors LLC now owns 4,695 shares of the company’s stock valued at $366,000 after acquiring an additional 980 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO George Oliver sold 10,304 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $84.14, for a total value of $866,978.56. Following the completion of the transaction, the chief executive officer now owns 1,166,992 shares in the company, valued at approximately $98,190,706.88. This represents a 0.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the transaction, the chief operating officer now owns 143,488 shares of the company’s stock, valued at approximately $10,438,752. The trade was a 0.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 741,829 shares of company stock worth $59,952,007 in the last 90 days. Corporate insiders own 0.69% of the company’s stock.

Johnson Controls International Trading Down 0.0 %

NYSE JCI opened at $83.71 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. Johnson Controls International plc has a 52 week low of $51.70 and a 52 week high of $87.16. The stock has a market capitalization of $55.43 billion, a PE ratio of 32.96, a price-to-earnings-growth ratio of 2.33 and a beta of 1.29. The firm has a 50 day moving average of $78.97 and a two-hundred day moving average of $72.89.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.77%. The ex-dividend date was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is presently 58.27%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on JCI. StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Robert W. Baird boosted their price target 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. Royal Bank of Canada boosted their price target on shares of Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Mizuho upped their target price on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, UBS Group assumed coverage on shares of Johnson Controls International in a research note on Wednesday, November 13th. They set a “neutral” rating and a $90.00 target price on the stock. Twelve analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Johnson Controls International currently has an average rating of “Hold” and an average price target of $77.21.

Johnson Controls International Company 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.