Johnson Controls International PLC (JCI) Shares Sold by Fmr LLC

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Fmr LLC cut its stake in Johnson Controls International PLC (NYSE:JCI) by 35.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 4,006,490 shares of the auto parts company’s stock after selling 2,242,432 shares during the quarter. Fmr LLC’s holdings in Johnson Controls International were worth $134,017,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. HM Payson & Co. purchased a new position in shares of Johnson Controls International during the 2nd quarter worth approximately $842,000. City Holding Co. purchased a new position in shares of Johnson Controls International during the 2nd quarter worth approximately $721,000. WINTON GROUP Ltd purchased a new position in shares of Johnson Controls International during the 2nd quarter worth approximately $4,999,000. Andra AP fonden purchased a new position in shares of Johnson Controls International during the 2nd quarter worth approximately $6,008,000. Finally, Global X Management Co LLC increased its stake in shares of Johnson Controls International by 28.7% during the 2nd quarter. Global X Management Co LLC now owns 78,579 shares of the auto parts company’s stock worth $2,628,000 after purchasing an additional 17,537 shares in the last quarter. 92.83% of the stock is owned by institutional investors.

A number of brokerages have recently weighed in on JCI. Morgan Stanley set a $35.00 price objective on shares of Johnson Controls International and gave the stock a “hold” rating in a research note on Friday, November 2nd. TheStreet cut shares of Johnson Controls International from a “b-” rating to a “c+” rating in a research note on Tuesday, October 30th. Credit Suisse Group began coverage on shares of Johnson Controls International in a research note on Friday, October 12th. They set a “neutral” rating and a $37.00 price objective for the company. Wells Fargo & Co dropped their price objective on shares of Johnson Controls International from $41.00 to $38.00 and set a “market perform” rating for the company in a research note on Friday, September 28th. Finally, JPMorgan Chase & Co. cut shares of Johnson Controls International from a “neutral” rating to an “underweight” rating and set a $44.00 price objective for the company. in a research note on Friday, September 21st. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $40.29.

JCI stock opened at $33.26 on Wednesday. The company has a market capitalization of $30.06 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 0.98 and a beta of 0.87. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.10 and a quick ratio of 0.79. Johnson Controls International PLC has a one year low of $30.60 and a one year high of $41.56.

The company also recently announced a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Monday, September 24th were paid a $0.26 dividend. The ex-dividend date was Friday, September 21st. This represents a $1.04 annualized dividend and a yield of 3.13%. Johnson Controls International’s payout ratio is currently 40.00%.

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Johnson Controls International Company Profile

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. It designs, sells, controls, installs heating, ventilating, and air conditioning systems. The company also provides residential air conditioning and heating systems, and industrial refrigeration products, as well as technical and energy management consulting services.

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Institutional Ownership by Quarter for Johnson Controls International (NYSE:JCI)

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