Meridian Investment Counsel Inc. Has $454,000 Stock Position in Johnson Controls International plc (NYSE:JCI)

Meridian Investment Counsel Inc. cut its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 8.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,845 shares of the company’s stock after selling 530 shares during the period. Meridian Investment Counsel Inc.’s holdings in Johnson Controls International were worth $454,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Cetera Investment Advisers raised its position in shares of Johnson Controls International by 470.9% during the 1st quarter. Cetera Investment Advisers now owns 157,980 shares of the company’s stock valued at $10,319,000 after acquiring an additional 130,308 shares during the last quarter. Epoch Investment Partners Inc. boosted its holdings in Johnson Controls International by 0.9% during the first quarter. Epoch Investment Partners Inc. now owns 1,129,418 shares of the company’s stock worth $73,774,000 after buying an additional 10,146 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Johnson Controls International during the 3rd quarter worth about $7,692,000. Orion Portfolio Solutions LLC increased its stake in shares of Johnson Controls International by 15.8% in the 1st quarter. Orion Portfolio Solutions LLC now owns 27,191 shares of the company’s stock valued at $1,776,000 after acquiring an additional 3,717 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in shares of Johnson Controls International by 29.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 39,436 shares of the company’s stock valued at $2,576,000 after acquiring an additional 8,897 shares during the period. Institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

JCI has been the topic of a number of research reports. Mizuho lifted their price target on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Oppenheimer raised their price objective on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. StockNews.com lowered shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research note on Tuesday. Wells Fargo & Company lifted their price target on Johnson Controls International from $84.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, UBS Group assumed coverage on Johnson Controls International in a research report on Wednesday. They set a “neutral” rating and a $90.00 price objective for the company. Twelve analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $77.21.

Johnson Controls International Stock Performance

NYSE JCI opened at $84.40 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. Johnson Controls International plc has a 12-month low of $51.40 and a 12-month high of $87.16. The firm has a 50-day moving average price of $76.84 and a two-hundred day moving average price of $71.65. The company has a market capitalization of $56.38 billion, a P/E ratio of 33.23, a P/E/G ratio of 2.39 and a beta of 1.29.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders 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 yield of 1.75%. Johnson Controls International’s dividend payout ratio is presently 58.27%.

Insider Activity

In other Johnson Controls International news, COO Nathan D. Manning sold 3,000 shares of the company’s stock in a transaction on 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 sale, the chief operating officer now directly owns 140,488 shares in the company, valued at $10,828,815.04. This represents a 2.09 % 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, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at approximately $95,507,639.29. This represents a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 226,141 shares of company stock worth $16,904,519. 0.69% of the stock is currently owned by company insiders.

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.