Nomura Asset Management Co. Ltd. Cuts Position in Johnson Controls International plc (NYSE:JCI)

Nomura Asset Management Co. Ltd. lowered its position in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,678,246 shares of the company's stock after selling 68,096 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.25% of Johnson Controls International worth $130,249,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

JCI has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their target price on Johnson Controls International from $84.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. UBS Group began 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. Bank of America lifted their price target on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, September 27th. StockNews.com lowered Johnson Controls International from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Finally, Oppenheimer raised their price objective on Johnson Controls International from $86.00 to $87.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $78.57.

Johnson Controls International Trading Up 0.1 %

JCI traded up $0.11 during trading on Monday, hitting $84.45. The company's stock had a trading volume of 1,592,152 shares, compared to its average volume of 4,823,908. Johnson Controls International plc has a twelve month low of $51.70 and a twelve month high of $87.16. The stock has a market cap of $55.92 billion, a PE ratio of 33.20, a PEG ratio of 2.35 and a beta of 1.31. The firm's 50 day moving average price is $79.91 and its 200-day moving average price is $73.54. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Monday, December 23rd will be paid a $0.37 dividend. The ex-dividend date is Monday, December 23rd. This represents a $1.48 annualized dividend and a yield of 1.75%. Johnson Controls International's payout ratio is currently 58.27%.

Insider Buying and Selling

In other Johnson Controls International news, CEO George Oliver sold 110,616 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 1,244,617 shares of the company's stock, valued at $105,294,598.20. This trade represents a 8.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total transaction of $231,240.00. Following the completion of the transaction, the chief operating officer now owns 140,488 shares in the company, valued at approximately $10,828,815.04. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 740,662 shares of company stock worth $59,869,133. 0.69% of the stock is owned by company insiders.

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.