Johnson Controls International plc $JCI Shares Sold by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC reduced its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 25.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,090 shares of the company’s stock after selling 5,357 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Johnson Controls International were worth $2,392,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in JCI. First County Bank CT increased its stake in shares of Johnson Controls International by 4.2% in the third quarter. First County Bank CT now owns 1,699 shares of the company’s stock worth $253,000 after buying an additional 68 shares during the last quarter. Natural Investments LLC raised its holdings in Johnson Controls International by 2.5% in the second quarter. Natural Investments LLC now owns 3,008 shares of the company’s stock valued at $439,000 after acquiring an additional 72 shares in the last quarter. Everhart Financial Group Inc. boosted its stake in Johnson Controls International by 1.1% during the 3rd quarter. Everhart Financial Group Inc. now owns 6,355 shares of the company’s stock valued at $945,000 after acquiring an additional 72 shares during the last quarter. Baron Wealth Management LLC boosted its stake in Johnson Controls International by 1.6% during the 2nd quarter. Baron Wealth Management LLC now owns 4,705 shares of the company’s stock valued at $687,000 after acquiring an additional 75 shares during the last quarter. Finally, Kaufman Rossin Wealth LLC boosted its stake in Johnson Controls International by 2.0% during the 3rd quarter. Kaufman Rossin Wealth LLC now owns 3,845 shares of the company’s stock valued at $572,000 after acquiring an additional 75 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Buying and Selling at Johnson Controls International

In related news, Director Juergen Tinggren sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $159.19, for a total value of $636,760.00. Following the sale, the director owned 27,236 shares of the company’s stock, valued at approximately $4,335,698.84. This trade represents a 12.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.29% of the company’s stock.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $149.72 on Wednesday. The company has a market cap of $90.69 billion, a PE ratio of 31.99, a P/E/G ratio of 1.15 and a beta of 1.27. Johnson Controls International plc has a fifty-two week low of $108.41 and a fifty-two week high of $160.41. The firm has a 50-day simple moving average of $147.56 and a 200 day simple moving average of $141.15. The company has a quick ratio of 0.75, a current ratio of 0.90 and a debt-to-equity ratio of 0.55.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Tuesday, October 27th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.07. Johnson Controls International had a net margin of 11.12% and a return on equity of 23.38%. The firm had revenue of $7.11 billion for the quarter, compared to analysts’ expectations of $7.04 billion. During the same quarter last year, the company posted $1.26 earnings per share. Johnson Controls International’s revenue was up 10.4% on a year-over-year basis. On average, sell-side analysts anticipate that Johnson Controls International plc will post 6.29 EPS for the current year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, September 21st were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, September 21st. Johnson Controls International’s dividend payout ratio is presently 34.19%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Deutsche Bank Aktiengesellschaft cut their target price on shares of Johnson Controls International from $180.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, September 30th. UBS Group reaffirmed a “buy” rating on shares of Johnson Controls International in a research report on Wednesday, October 28th. Bank of America lifted their price target on Johnson Controls International from $152.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, October 8th. Finally, Mizuho boosted their price objective on Johnson Controls International from $150.00 to $165.00 and gave the company a “neutral” rating in a report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $166.86.

About Johnson Controls International

Johnson Controls International plc (NYSE:JCI) is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.