Lathrop Investment Management Corp Sells 4,231 Shares of Johnson Controls International plc (NYSE:JCI)

Lathrop Investment Management Corp decreased its stake in shares of Johnson Controls International plc (NYSE:JCI) by 2.6% in the third quarter, Holdings Channel.com reports. The fund owned 157,979 shares of the company’s stock after selling 4,231 shares during the period. Johnson Controls International comprises about 2.3% of Lathrop Investment Management Corp’s holdings, making the stock its 20th biggest position. Lathrop Investment Management Corp’s holdings in Johnson Controls International were worth $12,261,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in JCI. L & S Advisors Inc purchased a new stake in Johnson Controls International in the third quarter worth $4,350,000. Landscape Capital Management L.L.C. grew its holdings in Johnson Controls International by 89.5% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 19,969 shares of the company’s stock worth $1,550,000 after acquiring an additional 9,429 shares in the last quarter. Cornerstone Advisors LLC raised its stake in Johnson Controls International by 4.0% in the third quarter. Cornerstone Advisors LLC now owns 23,600 shares of the company’s stock worth $1,832,000 after buying an additional 900 shares in the last quarter. Citizens Financial Group Inc. RI purchased a new stake in shares of Johnson Controls International during the 3rd quarter worth $219,000. Finally, Glaxis Capital Management LLC bought a new stake in shares of Johnson Controls International in the 3rd quarter valued at about $893,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Johnson Controls International Stock Performance

Johnson Controls International stock opened at $84.24 on Friday. Johnson Controls International plc has a 52 week low of $51.70 and a 52 week high of $87.16. The stock has a fifty day moving average price of $77.91 and a 200 day moving average price of $72.24. The firm has a market capitalization of $56.27 billion, a P/E ratio of 33.16, a PEG ratio of 2.33 and a beta of 1.29. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were given a dividend of $0.37 per share. The ex-dividend date was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a yield of 1.76%. Johnson Controls International’s dividend payout ratio (DPR) is 58.27%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Oppenheimer upped their price objective on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Barclays upped their target price on Johnson Controls International from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Bank of America lifted their price objective on shares of Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. Wells Fargo & Company lifted their price target on shares of 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, Robert W. Baird raised their target price on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Johnson Controls International presently has an average rating of “Hold” and a consensus price target of $77.21.

Insider Activity

In related news, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total transaction of $231,240.00. Following the transaction, the chief operating officer now directly owns 140,488 shares of the company’s stock, valued at $10,828,815.04. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Oliver sold 224,152 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $82.72, for a total transaction of $18,541,853.44. Following the completion of the transaction, the chief executive officer now owns 1,166,992 shares of the company’s stock, valued at approximately $96,533,578.24. The trade was a 16.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 561,095 shares of company stock worth $44,820,037. 0.69% of the stock is currently owned by corporate insiders.

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.