Barnett & Company Inc. Sells 850 Shares of Johnson Controls International plc (NYSE:JCI)

Barnett & Company Inc. decreased its position in Johnson Controls International plc (NYSE:JCI) by 12.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,000 shares of the company’s stock after selling 850 shares during the period. Barnett & Company Inc.’s holdings in Johnson Controls International were worth $474,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of JCI. Thrivent Financial for Lutherans lifted its stake in Johnson Controls International by 15.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 39,279 shares of the company’s stock worth $3,049,000 after purchasing an additional 5,152 shares in the last quarter. Pathstone Holdings LLC grew its stake in shares of Johnson Controls International by 2.4% during the third quarter. Pathstone Holdings LLC now owns 61,247 shares of the company’s stock valued at $4,754,000 after buying an additional 1,411 shares during the last quarter. Commerce Bank lifted its position in Johnson Controls International by 0.8% in the third quarter. Commerce Bank now owns 22,984 shares of the company’s stock valued at $1,784,000 after purchasing an additional 186 shares during the last quarter. Citizens Financial Group Inc. RI bought a new stake in Johnson Controls International in the 3rd quarter worth $219,000. Finally, Nwam LLC purchased a new position in Johnson Controls International during the 3rd quarter valued at about $701,000. 90.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on JCI. Morgan Stanley raised their price objective on Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Melius downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price for the company. in a research report on Tuesday, January 28th. Barclays reduced their price target on Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating for the company in a research report on Monday, March 10th. Citigroup dropped their price target on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. lifted their target price on Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Johnson Controls International has an average rating of “Moderate Buy” and an average price target of $91.27.

Johnson Controls International Price Performance

JCI stock opened at $82.64 on Monday. The stock has a 50-day moving average price of $82.70 and a two-hundred day moving average price of $80.17. The company has a market cap of $54.55 billion, a PE ratio of 31.54, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 12-month low of $59.83 and a 12-month high of $91.14.

Johnson Controls International (NYSE:JCI) last released its quarterly 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%. As a group, research analysts predict that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International’s payout ratio is 56.49%.

Insider Transactions at Johnson Controls International

In related news, CEO George Oliver sold 205,168 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the completion of the sale, the chief executive officer now directly owns 1,260,527 shares in the company, valued at approximately $110,964,191.81. This trade represents a 14.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Daniel C. Mcconeghy sold 1,950 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the sale, the vice president now owns 24,803 shares in the company, valued at $2,175,967.19. This represents a 7.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 905,864 shares of company stock worth $77,824,710. Company insiders own 0.54% of the company’s stock.

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.