Brown Brothers Harriman & Co. Raises Stock Position in Johnson Controls International plc (NYSE:JCI)

Brown Brothers Harriman & Co. grew its holdings in Johnson Controls International plc (NYSE:JCI) by 42.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,180 shares of the company’s stock after acquiring an additional 2,733 shares during the period. Brown Brothers Harriman & Co.’s holdings in Johnson Controls International were worth $712,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Fortitude Family Office LLC raised its stake in Johnson Controls International by 195.8% during the 3rd 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 raised its position in shares of Johnson Controls International by 65.2% during the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after buying an additional 208 shares during the last quarter. Wolff Wiese Magana LLC lifted its holdings in shares of Johnson Controls International by 977.3% in the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after buying an additional 430 shares in the last quarter. Western Pacific Wealth Management LP bought a new position in shares of Johnson Controls International during the third quarter worth $44,000. Finally, Hexagon Capital Partners LLC boosted its position in shares of 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 acquiring an additional 202 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

JCI has been the topic of several research analyst reports. Robert W. Baird boosted their price target on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Wells Fargo & Company boosted their target price on Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group raised their price target on Johnson Controls International from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Mizuho upped their price objective on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Johnson Controls International has an average rating of “Hold” and an average price target of $77.21.

Insider Buying and Selling

In related news, CEO George Oliver sold 110,615 shares of the firm’s 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 transaction, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. This trade represents a 8.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Nathan D. Manning sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total transaction of $231,240.00. Following the completion of the sale, the chief operating officer now directly owns 140,488 shares of the company’s stock, valued at approximately $10,828,815.04. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 741,829 shares of company stock valued at $59,952,007. Insiders own 0.69% of the company’s stock.

Johnson Controls International Stock Performance

Shares of NYSE:JCI opened at $83.75 on Wednesday. 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 has a market capitalization of $55.46 billion, a price-to-earnings ratio of 32.97, a PEG ratio of 2.33 and a beta of 1.29. Johnson Controls International plc has a 12 month low of $51.70 and a 12 month high of $87.16. The firm’s 50-day moving average is $78.57 and its 200 day moving average is $72.74.

Johnson Controls International Dividend Announcement

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

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.