Dai ichi Life Insurance Company Ltd Sells 1,837 Shares of Johnson Controls International plc (NYSE:JCI)

Dai ichi Life Insurance Company Ltd lowered its position in shares of Johnson Controls International plc (NYSE:JCI) by 4.8% during the third quarter, Holdings Channel.com reports. The firm owned 36,668 shares of the company’s stock after selling 1,837 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Johnson Controls International were worth $2,846,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Fortitude Family Office LLC increased its stake in shares of Johnson Controls International by 195.8% during the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after purchasing an additional 278 shares during the period. Wolff Wiese Magana LLC increased its stake in shares of Johnson Controls International by 977.3% during the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after purchasing an additional 430 shares during the period. Continuum Advisory LLC increased its stake in shares of Johnson Controls International by 65.2% during the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after purchasing an additional 208 shares during the period. Western Pacific Wealth Management LP bought a new position in shares of Johnson Controls International during the third quarter worth approximately $44,000. Finally, Friedenthal Financial bought a new position in shares of Johnson Controls International during the second quarter worth approximately $47,000. Institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company increased their price target on Johnson Controls International from $84.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Morgan Stanley assumed coverage on Johnson Controls International in a research report on Friday, September 6th. They set an “overweight” rating and a $85.00 price target on the stock. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Bank of America increased their price target on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Mizuho increased their price target on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Johnson Controls International currently has a consensus rating of “Hold” and an average price target of $77.21.

Johnson Controls International Stock Up 0.5 %

Shares of JCI opened at $83.75 on Wednesday. Johnson Controls International plc has a 52 week low of $51.70 and a 52 week high of $87.16. The stock has a market capitalization of $55.46 billion, a price-to-earnings ratio of 32.97, a PEG ratio of 2.33 and a beta of 1.29. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.94. The stock has a fifty day moving average of $78.57 and a 200-day moving average of $72.74.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s payout ratio is 58.27%.

Insider Buying and Selling

In related news, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the transaction, the chief operating officer now directly owns 143,488 shares of the company’s stock, valued at $10,438,752. This trade represents a 0.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the transaction, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. This represents a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 741,829 shares of company stock valued at $59,952,007 in the last three months. Insiders own 0.69% of the company’s stock.

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.