Victory Capital Management Inc. Trims Holdings in Johnson Controls International plc (NYSE:JCI)

Victory Capital Management Inc. lessened its holdings in shares of Johnson Controls International plc (NYSE:JCI) by 2.1% during the third quarter, Holdings Channel reports. The firm owned 625,615 shares of the company’s stock after selling 13,250 shares during the quarter. Victory Capital Management Inc.’s holdings in Johnson Controls International were worth $48,554,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of JCI. Summit Trail Advisors LLC grew its holdings in shares of Johnson Controls International by 4.6% during the 2nd quarter. Summit Trail Advisors LLC now owns 3,715 shares of the company’s stock worth $248,000 after acquiring an additional 163 shares during the period. Miracle Mile Advisors LLC grew its holdings in shares of Johnson Controls International by 1.0% during the 3rd quarter. Miracle Mile Advisors LLC now owns 17,011 shares of the company’s stock worth $1,320,000 after acquiring an additional 163 shares during the period. Berry Wealth Group LP grew its holdings in shares of Johnson Controls International by 0.7% during the 3rd quarter. Berry Wealth Group LP now owns 25,978 shares of the company’s stock worth $2,016,000 after acquiring an additional 177 shares during the period. Center for Financial Planning Inc. grew its holdings in shares of Johnson Controls International by 5.7% during the 2nd quarter. Center for Financial Planning Inc. now owns 3,485 shares of the company’s stock worth $232,000 after acquiring an additional 187 shares during the period. Finally, Wedmont Private Capital grew its holdings in shares of Johnson Controls International by 3.1% during the 2nd quarter. Wedmont Private Capital now owns 6,440 shares of the company’s stock worth $451,000 after acquiring an additional 192 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insider Activity

In other news, 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 completion of the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $95,507,639.29. This represents a 8.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total value of $84,899.25. Following the completion of the sale, the chief operating officer now owns 143,488 shares of the company’s stock, valued at $10,438,752. This trade represents a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 226,141 shares of company stock valued at $16,904,519 in the last ninety days. 0.69% of the stock is currently owned by company insiders.

Johnson Controls International Price Performance

NYSE JCI opened at $84.40 on Friday. The business’s fifty day moving average price is $76.51 and its 200-day moving average price is $71.51. The stock has a market capitalization of $56.38 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 2.39 and a beta of 1.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.79. Johnson Controls International plc has a 1-year low of $51.40 and a 1-year high of $87.16.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were issued a dividend of $0.37 per share. The ex-dividend date was Wednesday, September 25th. This represents a $1.48 annualized dividend and a dividend yield of 1.75%. Johnson Controls International’s payout ratio is 58.27%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Morgan Stanley assumed coverage on Johnson Controls International in a report on Friday, September 6th. They set an “overweight” rating and a $85.00 target price on the stock. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a report on Tuesday. UBS Group started coverage on Johnson Controls International in a research note on Wednesday. They issued a “neutral” rating and a $90.00 price target on the stock. Oppenheimer upped their price target on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Robert W. Baird upped their price target on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Twelve investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Johnson Controls International presently has an average rating of “Hold” and a consensus target price of $77.21.

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.