Confluence Wealth Services Inc. Trims Holdings in Johnson Controls International plc (NYSE:JCI)

Confluence Wealth Services Inc. decreased its holdings in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 57.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,742 shares of the company's stock after selling 10,569 shares during the quarter. Confluence Wealth Services Inc.'s holdings in Johnson Controls International were worth $601,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Fortitude Family Office LLC raised its position in Johnson Controls International by 195.8% in the third quarter. Fortitude Family Office LLC now owns 420 shares of the company's stock valued at $33,000 after purchasing an additional 278 shares during the period. Continuum Advisory LLC boosted its holdings in Johnson Controls International by 65.2% during the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company's stock valued at $35,000 after acquiring an additional 208 shares during the period. Wolff Wiese Magana LLC grew its position in Johnson Controls International by 977.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company's stock valued at $37,000 after acquiring an additional 430 shares in the last quarter. Hexagon Capital Partners LLC increased its stake in Johnson Controls International by 39.7% during the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company's stock worth $47,000 after purchasing an additional 202 shares during the period. Finally, Friedenthal Financial purchased a new position in shares of Johnson Controls International in the second quarter valued at approximately $47,000. Hedge funds and other institutional investors own 90.05% of the company's stock.

Wall Street Analyst Weigh In

JCI has been the topic of several analyst reports. Mizuho increased their price objective on Johnson Controls International from $62.00 to $75.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Royal Bank of Canada upgraded Johnson Controls International from an "underperform" rating to a "sector perform" rating and lifted their price objective for the company from $61.00 to $69.00 in a research note on Wednesday, August 14th. Wells Fargo & Company upped their target price on shares of Johnson Controls International from $80.00 to $84.00 and gave the stock an "overweight" rating in a research note on Monday, October 7th. The Goldman Sachs Group lifted their price target on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Finally, Robert W. Baird raised their price objective on shares of Johnson Controls International from $72.00 to $78.00 and gave the company a "neutral" rating in a report on Thursday, August 1st. Twelve analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $73.43.

Insider Buying and Selling at Johnson Controls International

In other news, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the sale, the chief executive officer now owns 1,243,751 shares of the company's stock, valued at $90,383,385.17. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $90,383,385.17. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Nathan D. Manning sold 1,167 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total value of $84,899.25. Following the completion of the transaction, the chief operating officer now owns 143,488 shares of the company's stock, valued at $10,438,752. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 226,141 shares of company stock valued at $16,904,519. 0.69% of the stock is owned by company insiders.

Johnson Controls International Stock Performance

Shares of JCI traded down $1.27 during mid-day trading on Monday, hitting $74.23. 3,412,005 shares of the company's stock were exchanged, compared to its average volume of 4,941,853. The business's 50 day moving average is $74.53 and its two-hundred day moving average is $70.49. Johnson Controls International plc has a fifty-two week low of $50.00 and a fifty-two week high of $78.23. The firm has a market capitalization of $49.59 billion, a P/E ratio of 31.00, a P/E/G ratio of 2.16 and a beta of 1.29. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46.

Johnson Controls International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were given a $0.37 dividend. The ex-dividend date was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a yield of 1.99%. Johnson Controls International's dividend payout ratio (DPR) is 61.92%.

Johnson Controls International 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.