Johnson Controls International plc (NYSE:JCI) Shares Sold by Sasco Capital Inc. CT

Sasco Capital Inc. CT trimmed its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 15.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 180,338 shares of the company's stock after selling 32,003 shares during the period. Johnson Controls International comprises approximately 2.1% of Sasco Capital Inc. CT's holdings, making the stock its 29th largest holding. Sasco Capital Inc. CT's holdings in Johnson Controls International were worth $13,996,000 as of its most recent SEC filing.

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

Johnson Controls International Stock Performance

Shares of NYSE JCI traded down $0.14 during midday trading on Tuesday, reaching $83.51. 3,398,837 shares of the company traded hands, compared to its average volume of 4,911,122. The stock has a 50-day moving average price of $77.14 and a 200 day moving average price of $71.93. The company has a market cap of $55.79 billion, a price-to-earnings ratio of 32.93, a PEG ratio of 2.36 and a beta of 1.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Wednesday, September 25th. Johnson Controls International's dividend payout ratio (DPR) is presently 58.27%.

Analysts Set New Price Targets

Several analysts have weighed in on JCI shares. Wells Fargo & Company boosted their target price on shares of Johnson Controls International from $84.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Royal Bank of Canada boosted their price objective on shares of Johnson Controls International from $81.00 to $86.00 and gave the company a "sector perform" rating in a research report on Thursday, November 7th. The Goldman Sachs Group raised their target price 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. UBS Group initiated coverage on 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, Oppenheimer increased 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. Twelve analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $77.21.

Insider Activity at Johnson Controls International

In other news, CEO George Oliver sold 110,616 shares of the firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $84.60, for a total transaction of $9,358,113.60. Following the completion of the transaction, the chief executive officer now owns 1,244,617 shares in the company, valued at approximately $105,294,598.20. This trade represents a 8.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Nathan D. Manning sold 1,167 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the sale, the chief operating officer now owns 143,488 shares in the company, valued at $10,438,752. The trade was a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 336,757 shares of company stock worth $26,262,632 over the last quarter. 0.69% of the stock is currently owned by company insiders.

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.