Johnson Controls International plc (NYSE:JCI) Stock Position Lessened by Empowered Funds LLC

Empowered Funds LLC trimmed its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 15.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,593 shares of the company's stock after selling 7,717 shares during the quarter. Empowered Funds LLC's holdings in Johnson Controls International were worth $3,306,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Capital World Investors raised its holdings in Johnson Controls International by 85.5% in the first quarter. Capital World Investors now owns 14,142,736 shares of the company's stock valued at $923,804,000 after buying an additional 6,520,580 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Johnson Controls International by 686.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company's stock valued at $295,487,000 after acquiring an additional 3,880,146 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Johnson Controls International by 413.5% during the 1st quarter. Toronto Dominion Bank now owns 1,935,465 shares of the company's stock valued at $126,425,000 after acquiring an additional 1,558,560 shares in the last quarter. Ceredex Value Advisors LLC purchased a new stake in Johnson Controls International during the 2nd quarter worth $73,881,000. Finally, Point72 Asset Management L.P. increased its holdings in Johnson Controls International by 263.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,341,919 shares of the company's stock valued at $89,197,000 after purchasing an additional 973,145 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on JCI. Robert W. Baird boosted their price objective on Johnson Controls International from $80.00 to $85.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Wells Fargo & Company upped their price target on Johnson Controls International from $84.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. The Goldman Sachs Group lifted their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. UBS Group initiated coverage on shares of Johnson Controls International in a research note on Wednesday, November 13th. They issued a "neutral" rating and a $90.00 target price for the company. Finally, Mizuho lifted their price target 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. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $77.21.

Johnson Controls International Stock Performance

NYSE:JCI traded down $0.14 during trading hours on Tuesday, reaching $83.51. 3,398,837 shares of the stock were exchanged, compared to its average volume of 4,911,122. The stock has a market capitalization of $55.79 billion, a P/E ratio of 32.88, a P/E/G ratio of 2.36 and a beta of 1.29. The firm has a 50 day simple moving average of $77.41 and a 200-day simple moving average of $72.08. 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 $51.60 and a 52 week high of $87.16.

Johnson Controls International Dividend Announcement

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

Insider Buying and Selling

In other Johnson Controls International news, CEO George Oliver sold 110,616 shares of the firm's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $84.60, for a total value of $9,358,113.60. Following the sale, the chief executive officer now directly owns 1,244,617 shares in the company, valued at approximately $105,294,598.20. This trade represents a 8.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Nathan D. Manning sold 3,000 shares of the company's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total transaction of $231,240.00. Following the transaction, the chief operating officer now owns 140,488 shares of the company's stock, valued at $10,828,815.04. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 336,757 shares of company stock worth $26,262,632 over the last quarter. 0.69% of the stock is owned by company 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.