Oakbrook Investments LLC reduced its stake in shares of Johnson Controls International PLC (NYSE:JCI) by 5.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 552,632 shares of the auto parts company’s stock after selling 33,203 shares during the quarter. Johnson Controls International accounts for approximately 1.1% of Oakbrook Investments LLC’s portfolio, making the stock its 23rd largest holding. Oakbrook Investments LLC owned 0.06% of Johnson Controls International worth $19,342,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of JCI. Tocqueville Asset Management L.P. boosted its position in Johnson Controls International by 7.8% during the second quarter. Tocqueville Asset Management L.P. now owns 83,019 shares of the auto parts company’s stock worth $2,777,000 after acquiring an additional 5,999 shares during the last quarter. Global X Management Co LLC grew its holdings in 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 valued at $2,628,000 after purchasing an additional 17,537 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in Johnson Controls International by 68.5% during the 2nd quarter. Wolverine Asset Management LLC now owns 61,500 shares of the auto parts company’s stock worth $2,057,000 after acquiring an additional 25,000 shares in the last quarter. Macquarie Group Ltd. grew its holdings in Johnson Controls International by 2.5% during the 2nd quarter. Macquarie Group Ltd. now owns 457,412 shares of the auto parts company’s stock worth $15,301,000 after acquiring an additional 11,315 shares in the last quarter. Finally, HPM Partners LLC grew its holdings in Johnson Controls International by 16.9% during the 2nd quarter. HPM Partners LLC now owns 16,976 shares of the auto parts company’s stock worth $568,000 after acquiring an additional 2,452 shares in the last quarter. Institutional investors own 92.89% of the company’s stock.
NYSE JCI traded down $0.24 during trading hours on Thursday, reaching $33.62. 53,885 shares of the company’s stock were exchanged, compared to its average volume of 5,148,933. Johnson Controls International PLC has a one year low of $32.35 and a one year high of $42.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 1.10. The stock has a market cap of $32.37 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 1.13 and a beta of 0.85.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Monday, September 24th were paid a dividend of $0.26 per share. The ex-dividend date was Friday, September 21st. This represents a $1.04 dividend on an annualized basis and a yield of 3.09%. Johnson Controls International’s payout ratio is 40.00%.
JCI has been the subject of several research reports. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a report on Tuesday, August 21st. Wells Fargo & Co dropped their price target on shares of Johnson Controls International from $41.00 to $38.00 and set a “market perform” rating on the stock in a research report on Friday, September 28th. JPMorgan Chase & Co. downgraded shares of Johnson Controls International from a “neutral” rating to an “underweight” rating and set a $44.00 target price on the stock. in a report on Friday, September 21st. TheStreet upgraded shares of Johnson Controls International from a “c+” rating to a “b-” rating in a report on Friday, August 24th. Finally, Morgan Stanley initiated coverage on shares of Johnson Controls International in a research report on Monday, August 20th. They issued an “equal weight” rating and a $40.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $41.27.
Johnson Controls International 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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