Nicolet Advisory Services LLC Lowers Position in Johnson Controls International plc (NYSE:JCI)

Nicolet Advisory Services LLC trimmed its holdings in Johnson Controls International plc (NYSE:JCI) by 7.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,215 shares of the company’s stock after selling 349 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Johnson Controls International were worth $318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC raised its position in shares of Johnson Controls International by 195.8% in the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after purchasing an additional 278 shares during the last quarter. Continuum Advisory LLC grew its position in 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 period. Wolff Wiese Magana LLC grew its position 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 acquiring an additional 430 shares during the period. Western Pacific Wealth Management LP purchased a new stake in Johnson Controls International in the third quarter worth about $44,000. Finally, Hexagon Capital Partners LLC raised its stake in Johnson Controls International by 39.7% during the 2nd 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 period. Institutional investors own 90.05% of the company’s stock.

Insider Transactions at Johnson Controls International

In other news, CEO George Oliver sold 224,152 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the transaction, the chief executive officer now owns 1,166,992 shares in the company, valued at $96,533,578.24. This represents a 16.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total transaction of $231,240.00. Following the transaction, the chief operating officer now owns 140,488 shares in the company, valued at $10,828,815.04. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 561,095 shares of company stock valued at $44,820,037 in the last quarter. 0.69% of the stock is currently owned by corporate insiders.

Johnson Controls International Stock Down 0.6 %

NYSE:JCI opened at $83.45 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. The stock has a market capitalization of $55.26 billion, a P/E ratio of 32.85, a P/E/G ratio of 2.33 and a beta of 1.29. The company’s 50-day simple moving average is $78.13 and its 200-day simple moving average is $72.49. Johnson Controls International plc has a fifty-two week low of $51.70 and a fifty-two week high of $87.16.

Johnson Controls International Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on JCI. UBS Group started coverage on Johnson Controls International in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $90.00 price objective on the stock. Bank of America upped their target price 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. StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. The Goldman Sachs Group increased their price target on Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Oppenheimer raised their price target on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Twelve equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Johnson Controls International currently has an average rating of “Hold” and an average target price of $77.21.

About Johnson Controls International

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.