Harel Insurance Investments & Financial Services Ltd. Trims Position in Johnson Controls International plc (NYSE:JCI)

Harel Insurance Investments & Financial Services Ltd. decreased its position in shares of Johnson Controls International plc (NYSE:JCI) by 2.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 356,264 shares of the company’s stock after selling 10,500 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Johnson Controls International were worth $28,219,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in shares of Johnson Controls International by 65.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,615 shares of the company’s stock worth $116,000 after acquiring an additional 638 shares during the period. Public Sector Pension Investment Board lifted its holdings in Johnson Controls International by 65.1% in the 2nd quarter. Public Sector Pension Investment Board now owns 24,821 shares of the company’s stock worth $1,650,000 after purchasing an additional 9,784 shares in the last quarter. Insigneo Advisory Services LLC boosted its stake in Johnson Controls International by 7.8% in the 2nd quarter. Insigneo Advisory Services LLC now owns 5,368 shares of the company’s stock worth $353,000 after purchasing an additional 387 shares during the period. APG Asset Management N.V. grew its holdings in Johnson Controls International by 201.7% during the 2nd quarter. APG Asset Management N.V. now owns 84,666 shares of the company’s stock valued at $5,251,000 after buying an additional 56,600 shares in the last quarter. Finally, MBB Public Markets I LLC bought a new stake in shares of Johnson Controls International during the second quarter valued at approximately $3,302,000. Institutional investors own 90.05% of the company’s stock.

Insider Activity

In other Johnson Controls International news, CEO George Oliver sold 110,616 shares of Johnson Controls International stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $84.60, for a total value of $9,358,113.60. Following the transaction, the chief executive officer now owns 1,244,617 shares in the company, valued at $105,294,598.20. The trade was a 8.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marlon Sullivan sold 7,230 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $83.35, for a total transaction of $602,620.50. Following the completion of the transaction, the executive vice president now owns 32,246 shares of the company’s stock, valued at $2,687,704.10. This represents a 18.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 647,787 shares of company stock worth $53,972,452. 0.69% of the stock is currently owned by corporate insiders.

Johnson Controls International Stock Down 0.5 %

Shares of NYSE JCI opened at $81.65 on Friday. The firm has a market capitalization of $53.90 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 2.35 and a beta of 1.32. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. Johnson Controls International plc has a 52-week low of $52.02 and a 52-week high of $87.16. The stock has a 50 day moving average price of $81.67 and a 200 day moving average price of $76.12.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Monday, December 23rd. Johnson Controls International’s dividend payout ratio (DPR) is 58.27%.

Analyst Ratings Changes

JCI has been the subject of a number of research analyst reports. Citigroup cut their price objective on Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. lowered their price target on shares of Johnson Controls International from $88.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. StockNews.com lowered Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Argus raised Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Friday, December 20th. Finally, Royal Bank of Canada raised their price target on Johnson Controls International from $81.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $82.53.

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.