Greenwich Wealth Management LLC Sells 188 Shares of Johnson Controls International plc (NYSE:JCI)

Greenwich Wealth Management LLC lowered its stake in shares of Johnson Controls International plc (NYSE:JCI) by 0.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,794 shares of the company’s stock after selling 188 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Johnson Controls International were worth $2,390,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital World Investors boosted its stake in shares of Johnson Controls International by 85.5% in the 1st quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock valued at $923,804,000 after purchasing an additional 6,520,580 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Johnson Controls International by 686.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock valued at $295,487,000 after purchasing an additional 3,880,146 shares in the last quarter. M&G Plc acquired a new stake in shares of Johnson Controls International in the 1st quarter valued at $120,948,000. Toronto Dominion Bank boosted its stake in shares of Johnson Controls International by 413.5% in the 1st quarter. Toronto Dominion Bank now owns 1,935,465 shares of the company’s stock valued at $126,425,000 after purchasing an additional 1,558,560 shares in the last quarter. Finally, DAVENPORT & Co LLC boosted its stake in shares of Johnson Controls International by 4,782.9% in the 1st quarter. DAVENPORT & Co LLC now owns 1,254,613 shares of the company’s stock valued at $81,798,000 after purchasing an additional 1,228,919 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on JCI shares. Wells Fargo & Company upped their price target on shares of Johnson Controls International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Royal Bank of Canada raised Johnson Controls International from an “underperform” rating to a “sector perform” rating and boosted their price objective for the stock from $61.00 to $69.00 in a report on Wednesday, August 14th. Barclays boosted their price objective on Johnson Controls International from $62.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Bank of America increased 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. Finally, Robert W. Baird increased their price target on shares of Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Johnson Controls International has an average rating of “Hold” and an average price target of $73.43.

Johnson Controls International Stock Performance

JCI stock traded down $0.05 during midday trading on Friday, reaching $75.50. 2,284,792 shares of the company were exchanged, compared to its average volume of 3,110,361. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73. The business has a 50-day moving average price of $74.53 and a two-hundred day moving average price of $70.40. Johnson Controls International plc has a one year low of $49.64 and a one year high of $78.23. The firm has a market capitalization of $50.43 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 2.16 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The company had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis. Equities research analysts forecast that Johnson Controls International plc will post 3.68 EPS for the current year.

Johnson Controls International Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is currently 61.92%.

Insider Transactions at Johnson Controls International

In related news, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at $95,507,639.29. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was 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 of the company’s stock, valued at approximately $10,828,815.04. 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 can be accessed through the SEC website. Also, CEO George Oliver sold 110,615 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at approximately $95,507,639.29. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 226,327 shares of company stock valued at $16,916,720. 0.69% of the stock is currently owned by corporate 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.