Johnson Controls International plc $JCI Shares Sold by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. lowered its position in shares of Johnson Controls International plc (NYSE:JCI) by 99.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 764 shares of the company’s stock after selling 355,500 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Johnson Controls International were worth $81,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cerity Partners LLC boosted its position in Johnson Controls International by 69.8% in the 1st quarter. Cerity Partners LLC now owns 113,059 shares of the company’s stock valued at $9,057,000 after buying an additional 46,459 shares during the period. Yeomans Consulting Group Inc. purchased a new position in Johnson Controls International in the 2nd quarter valued at approximately $304,000. Ethic Inc. boosted its position in Johnson Controls International by 3.5% in the 2nd quarter. Ethic Inc. now owns 112,959 shares of the company’s stock valued at $11,869,000 after buying an additional 3,793 shares during the period. Allegiance Financial Group Advisory Services LLC purchased a new stake in shares of Johnson Controls International during the 2nd quarter worth $284,000. Finally, Asset Management One Co. Ltd. lifted its position in shares of Johnson Controls International by 9.7% during the 2nd quarter. Asset Management One Co. Ltd. now owns 297,679 shares of the company’s stock worth $31,441,000 after purchasing an additional 26,333 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insiders Place Their Bets

In other news, VP Daniel C. Mcconeghy sold 5,917 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $105.73, for a total value of $625,604.41. Following the completion of the sale, the vice president directly owned 25,005 shares of the company’s stock, valued at approximately $2,643,778.65. This represents a 19.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total transaction of $149,395.32. Following the completion of the sale, the vice president directly owned 139,459 shares of the company’s stock, valued at $14,651,562.54. The trade was a 1.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.54% of the stock is owned by insiders.

Johnson Controls International Price Performance

Shares of JCI opened at $113.06 on Tuesday. Johnson Controls International plc has a 1-year low of $68.03 and a 1-year high of $116.48. The stock has a market cap of $73.98 billion, a PE ratio of 33.55, a price-to-earnings-growth ratio of 1.70 and a beta of 1.33. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.81. The firm has a fifty day moving average price of $108.77 and a 200 day moving average price of $103.38.

Johnson Controls International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, September 22nd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.4%. This is a boost from Johnson Controls International’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, September 22nd. Johnson Controls International’s dividend payout ratio is presently 47.48%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on JCI. Royal Bank Of Canada lifted their price objective on shares of Johnson Controls International from $114.00 to $116.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 16th. Citigroup lifted their price objective on shares of Johnson Controls International from $112.00 to $119.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Jefferies Financial Group reaffirmed a “hold” rating and set a $120.00 price objective on shares of Johnson Controls International in a research report on Thursday, July 24th. Robert W. Baird lifted their price objective on shares of Johnson Controls International from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Finally, Morgan Stanley lifted their price objective on shares of Johnson Controls International from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Ten research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Johnson Controls International presently has an average rating of “Moderate Buy” and a consensus price target of $113.41.

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.