MML Investors Services LLC Sells 11,302 Shares of Johnson Controls International plc (NYSE:JCI)

MML Investors Services LLC trimmed its holdings in Johnson Controls International plc (NYSE:JCI - Free Report) by 11.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,783 shares of the company's stock after selling 11,302 shares during the quarter. MML Investors Services LLC's holdings in Johnson Controls International were worth $6,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in JCI. Orion Portfolio Solutions LLC raised its holdings in shares of Johnson Controls International by 4.5% during the third quarter. Orion Portfolio Solutions LLC now owns 29,361 shares of the company's stock valued at $2,279,000 after purchasing an additional 1,262 shares during the period. XTX Topco Ltd increased its holdings in shares of Johnson Controls International by 11.8% during the third quarter. XTX Topco Ltd now owns 22,232 shares of the company's stock valued at $1,725,000 after acquiring an additional 2,345 shares in the last quarter. Zacks Investment Management raised its position in shares of Johnson Controls International by 10.8% during the third quarter. Zacks Investment Management now owns 692,595 shares of the company's stock worth $53,752,000 after purchasing an additional 67,704 shares during the period. iSAM Funds UK Ltd bought a new position in shares of Johnson Controls International in the 3rd quarter worth $1,256,000. Finally, iA Global Asset Management Inc. grew its position in Johnson Controls International by 973.1% in the 3rd quarter. iA Global Asset Management Inc. now owns 82,317 shares of the company's stock valued at $6,389,000 after purchasing an additional 74,646 shares during the period. Institutional investors own 90.05% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. UBS Group assumed coverage on shares of Johnson Controls International in a report on Wednesday, November 13th. They set a "neutral" rating and a $90.00 price objective on the stock. Morgan Stanley began 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. Royal Bank of Canada lifted their price target on Johnson Controls International from $81.00 to $86.00 and gave the company a "sector perform" rating in a research note on Thursday, November 7th. Oppenheimer boosted their price objective on Johnson Controls International from $86.00 to $87.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Finally, Barclays raised their target price on Johnson Controls International from $75.00 to $83.00 and gave the company an "equal weight" rating in a report on Thursday, December 5th. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Johnson Controls International currently has an average rating of "Hold" and a consensus target price of $78.57.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, EVP Marlon Sullivan sold 7,230 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $83.35, for a total transaction of $602,620.50. Following the sale, the executive vice president now directly owns 32,246 shares of the company's stock, valued at $2,687,704.10. This represents a 18.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO George Oliver sold 110,615 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the transaction, the chief executive officer now owns 1,243,751 shares of the company's stock, valued at $90,383,385.17. This represents a 8.17 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 872,389 shares of company stock worth $70,763,920. Insiders own 0.69% of the company's stock.

Johnson Controls International Stock Performance

NYSE JCI traded down $0.70 during trading hours on Friday, reaching $82.63. 2,353,825 shares of the company were exchanged, compared to its average volume of 4,800,241. The stock has a market capitalization of $54.72 billion, a P/E ratio of 32.81, a P/E/G ratio of 2.35 and a beta of 1.31. 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 1 year low of $51.71 and a 1 year high of $87.16. The business's 50 day simple moving average is $80.46 and its 200-day simple moving average is $73.82.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Monday, December 23rd will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.79%. Johnson Controls International's dividend payout ratio (DPR) 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.