First Horizon Advisors Inc. Lowers Holdings in Johnson Controls International plc (NYSE:JCI)

by · The Cerbat Gem

First Horizon Advisors Inc. lowered its stake in shares of Johnson Controls International plc (NYSE:JCI – Free Report) by 7.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 4,261 shares of the company’s stock after selling 358 shares during the period. First Horizon Advisors Inc.’s holdings in Johnson Controls International were worth $331,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Fortitude Family Office LLC raised its position in Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after acquiring an additional 278 shares in the last quarter. Wolff Wiese Magana LLC increased its holdings 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 valued at $37,000 after purchasing an additional 430 shares in the last quarter. Continuum Advisory LLC lifted its stake 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 during the period. Western Pacific Wealth Management LP acquired a new position in shares of Johnson Controls International in the 3rd quarter valued at $44,000. Finally, Friedenthal Financial purchased a new stake in Johnson Controls International during the second quarter worth $47,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insider Activity

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total value of $8,494,125.85. Following the completion of the sale, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at $95,507,639.29. This trade represents a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 561,095 shares of company stock worth $44,820,037 over the last ninety days. Corporate insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Performance

NYSE:JCI opened at $83.45 on Friday. Johnson Controls International plc has a twelve month low of $51.70 and a twelve month high of $87.16. The company has a market cap of $55.75 billion, a P/E ratio of 32.85, a P/E/G ratio of 2.33 and a beta of 1.29. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average price is $78.13 and its 200-day moving average price is $72.38.

Johnson Controls International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is currently 58.27%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on JCI. Oppenheimer upped their price objective on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Mizuho upped their price target on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Bank of America raised their price objective on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. The Goldman Sachs Group upped their target price on 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, StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Johnson Controls International presently has an average rating of “Hold” and a consensus target price of $77.21.

Check Out Our Latest Research Report on JCI

Johnson Controls International Company Profile

(Free Report)

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.

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