Oppenheimer & Co. Inc. Has $6.44 Million Position in Johnson Controls International plc (NYSE:JCI)

Oppenheimer & Co. Inc. reduced its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 9.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 82,968 shares of the company's stock after selling 8,343 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Johnson Controls International were worth $6,439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in JCI. Fortitude Family Office LLC raised its position in shares of Johnson Controls International by 195.8% in the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company's stock valued at $33,000 after purchasing an additional 278 shares in the last quarter. Wolff Wiese Magana LLC boosted its position in Johnson Controls International by 977.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company's stock valued at $37,000 after purchasing an additional 430 shares during the period. Continuum Advisory LLC grew its stake in Johnson Controls International by 65.2% during the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company's stock worth $35,000 after buying an additional 208 shares during the last quarter. Western Pacific Wealth Management LP acquired a new stake in Johnson Controls International in the third quarter worth $44,000. Finally, Friedenthal Financial acquired a new position in shares of Johnson Controls International during the second quarter valued at $47,000. Hedge funds and other institutional investors own 90.05% of the company's stock.

Analyst Upgrades and Downgrades

JCI has been the topic of a number of analyst reports. The Goldman Sachs Group increased their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. StockNews.com lowered Johnson Controls International from a "buy" rating to a "hold" rating in a report on Tuesday. Oppenheimer boosted their price target on Johnson Controls International from $86.00 to $87.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. UBS Group initiated coverage on shares of Johnson Controls International in a research note on Wednesday. They set a "neutral" rating and a $90.00 price objective on the stock. Finally, Mizuho boosted 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 report on Thursday, October 17th. Twelve research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $77.21.

Johnson Controls International Stock Down 0.8 %

JCI stock traded down $0.68 during midday trading on Friday, reaching $84.46. The company had a trading volume of 1,417,502 shares, compared to its average volume of 4,916,789. The company has a 50 day moving average of $76.51 and a two-hundred day moving average of $71.51. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. Johnson Controls International plc has a 1 year low of $51.40 and a 1 year high of $87.16. The company has a market capitalization of $56.42 billion, a P/E ratio of 33.46, a PEG ratio of 2.39 and a beta of 1.29.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Wednesday, September 25th. Johnson Controls International's dividend payout ratio is 58.27%.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $90,383,385.17. This represents a 8.17 % decrease in their ownership of the stock. The transaction 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 Johnson Controls International 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 226,141 shares of company stock valued at $16,904,519. Corporate insiders own 0.69% of the company's stock.

About Johnson Controls International

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.