Victory Capital Management Inc. Sells 13,250 Shares of Johnson Controls International plc (NYSE:JCI)

Victory Capital Management Inc. trimmed its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 2.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 625,615 shares of the company's stock after selling 13,250 shares during the quarter. Victory Capital Management Inc. owned about 0.09% of Johnson Controls International worth $48,554,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Fortitude Family Office LLC lifted its holdings in shares of Johnson Controls International by 195.8% during the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company's stock worth $33,000 after acquiring an additional 278 shares during the period. Wolff Wiese Magana LLC lifted its stake in Johnson Controls International by 977.3% during 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 boosted 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 purchasing an additional 208 shares in the last quarter. Western Pacific Wealth Management LP bought a new position in shares of Johnson Controls International in the 3rd quarter valued at $44,000. Finally, Friedenthal Financial bought a new position in shares of Johnson Controls International in the 2nd quarter valued at $47,000. Institutional investors own 90.05% of the company's stock.

Insider Activity at Johnson Controls International

In related news, CEO George Oliver sold 110,615 shares of the firm's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of the transaction, the chief executive officer now directly owns 1,243,751 shares of the company's stock, valued at approximately $90,383,385.17. This trade represents a 8.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Nathan D. Manning sold 1,167 shares of the firm'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 transaction, the chief operating officer now owns 143,488 shares of the company's stock, valued at approximately $10,438,752. The trade was a 0.81 % 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 corporate insiders.

Johnson Controls International Trading Down 0.9 %

NYSE JCI traded down $0.74 on Friday, hitting $84.40. The company's stock had a trading volume of 3,143,791 shares, compared to its average volume of 4,924,562. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. Johnson Controls International plc has a 52-week low of $51.40 and a 52-week high of $87.16. The firm has a market cap of $56.38 billion, a P/E ratio of 33.23, a PEG ratio of 2.39 and a beta of 1.29. The company's 50-day simple moving average is $76.84 and its 200 day simple moving average is $71.65.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th were issued a $0.37 dividend. The ex-dividend date was Wednesday, September 25th. This represents a $1.48 annualized dividend and a yield of 1.75%. Johnson Controls International's dividend payout ratio (DPR) is presently 58.27%.

Analyst Ratings Changes

JCI has been the subject of a number of research analyst reports. Mizuho upped their price objective on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Barclays upped their price target 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. Oppenheimer raised their price objective on Johnson Controls International from $86.00 to $87.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Robert W. Baird increased their target price on Johnson Controls International from $80.00 to $85.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Finally, Bank of America lifted their price target on Johnson Controls International from $80.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $77.21.

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.