Integrated Wealth Concepts LLC Sells 6,580 Shares of Johnson Controls International plc (NYSE:JCI)

Integrated Wealth Concepts LLC lessened its stake in Johnson Controls International plc (NYSE:JCI - Free Report) by 44.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,129 shares of the company's stock after selling 6,580 shares during the period. Integrated Wealth Concepts LLC's holdings in Johnson Controls International were worth $631,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Metis Global Partners LLC grew its position in shares of Johnson Controls International by 0.4% during the 3rd quarter. Metis Global Partners LLC now owns 28,446 shares of the company's stock worth $2,208,000 after buying an additional 127 shares during the period. Brooklyn Investment Group boosted its stake in Johnson Controls International by 3.5% in the third quarter. Brooklyn Investment Group now owns 4,309 shares of the company's stock valued at $334,000 after acquiring an additional 144 shares during the last quarter. Summit Trail Advisors LLC grew its holdings in Johnson Controls International by 4.6% during the 2nd quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company's stock worth $248,000 after acquiring an additional 163 shares during the period. Miracle Mile Advisors LLC raised its position in shares of Johnson Controls International by 1.0% during the 3rd quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company's stock valued at $1,320,000 after acquiring an additional 163 shares during the last quarter. Finally, Berry Wealth Group LP lifted its stake in shares of Johnson Controls International by 0.7% in the 3rd quarter. Berry Wealth Group LP now owns 25,978 shares of the company's stock valued at $2,016,000 after purchasing an additional 177 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.

Insider Activity

In other news, CEO George Oliver sold 224,152 shares of the firm's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total value of $18,541,853.44. Following the completion of the transaction, the chief executive officer now owns 1,166,992 shares in the company, valued at $96,533,578.24. This trade represents a 16.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $231,240.00. Following the sale, the chief operating officer now owns 140,488 shares in the company, valued at $10,828,815.04. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 865,159 shares of company stock worth $70,161,300 over the last ninety days. Insiders own 0.69% of the company's stock.

Johnson Controls International Stock Up 1.5 %

Shares of JCI stock traded up $1.27 on Wednesday, hitting $84.05. 3,310,611 shares of the stock were exchanged, compared to its average volume of 4,821,685. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $55.66 billion, a P/E ratio of 33.09, a price-to-earnings-growth ratio of 2.35 and a beta of 1.31. Johnson Controls International plc has a fifty-two week low of $51.70 and a fifty-two week high of $87.16. The business has a 50-day moving average of $80.16 and a 200 day moving average of $73.68.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, December 23rd will be paid a dividend of $0.37 per share. The ex-dividend date is Monday, December 23rd. This represents a $1.48 annualized dividend and a dividend yield of 1.76%. Johnson Controls International's dividend payout ratio is currently 58.27%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on JCI shares. UBS Group initiated coverage on Johnson Controls International in a research note on Wednesday, November 13th. They set a "neutral" rating and a $90.00 price objective for the company. Robert W. Baird boosted their target price on Johnson Controls International from $80.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. StockNews.com downgraded shares of Johnson Controls International from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Mizuho boosted their price objective on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Finally, Morgan Stanley initiated coverage on shares of Johnson Controls International in a report on Friday, September 6th. They issued an "overweight" rating and a $85.00 target price on the stock. Twelve investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $78.57.

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.