King Luther Capital Management Corp Lowers Stock Position in Johnson Controls International plc (NYSE:JCI)

King Luther Capital Management Corp trimmed its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 28.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,277 shares of the company's stock after selling 7,501 shares during the quarter. King Luther Capital Management Corp's holdings in Johnson Controls International were worth $1,496,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fortitude Family Office LLC increased its position in shares of Johnson Controls International by 195.8% in the third quarter. Fortitude Family Office LLC now owns 420 shares of the company's stock worth $33,000 after purchasing an additional 278 shares during the last quarter. Wolff Wiese Magana LLC increased its position in shares of Johnson Controls International by 977.3% in the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company's stock worth $37,000 after purchasing an additional 430 shares during the last quarter. Continuum Advisory LLC increased its position in shares of Johnson Controls International by 65.2% in the second quarter. Continuum Advisory LLC now owns 527 shares of the company's stock worth $35,000 after purchasing an additional 208 shares during the last quarter. Western Pacific Wealth Management LP bought a new position in Johnson Controls International during the third quarter valued at approximately $44,000. Finally, Friedenthal Financial bought a new position in Johnson Controls International during the second quarter valued at approximately $47,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JCI has been the topic of a number of recent research reports. UBS Group initiated coverage on shares of Johnson Controls International in a research report on Wednesday, November 13th. They set a "neutral" rating and a $90.00 price target on the stock. Barclays raised their target price on shares of Johnson Controls International from $62.00 to $64.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 2nd. Robert W. Baird raised their target price on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Morgan Stanley started 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. Finally, Wells Fargo & Company raised their target price on shares of Johnson Controls International from $84.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Twelve research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $77.21.

Insider Activity

In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the business's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the completion of the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $95,507,639.29. The trade was a 8.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Nathan D. Manning sold 1,167 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total value of $84,899.25. Following the sale, the chief operating officer now owns 143,488 shares of the company's stock, valued at approximately $10,438,752. This represents a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 561,095 shares of company stock worth $44,820,037 over the last three months. 0.69% of the stock is currently owned by corporate insiders.

Johnson Controls International Stock Down 0.6 %

Johnson Controls International stock traded down $0.54 on Friday, hitting $83.45. 4,360,652 shares of the stock traded hands, compared to its average volume of 4,040,099. 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 cap of $55.26 billion, a P/E ratio of 32.85, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29. The business's fifty day simple moving average is $78.13 and its 200 day simple moving average is $72.38. Johnson Controls International plc has a 1 year low of $51.70 and a 1 year high of $87.16.

Johnson Controls International Dividend Announcement

The business also recently declared 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. The ex-dividend date was Wednesday, September 25th. This represents a $1.48 annualized dividend and a dividend yield of 1.77%. Johnson Controls International's payout ratio is presently 58.27%.

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.