Investors Buy Shares of Johnson Controls International PLC (JCI) on Weakness

Investors purchased shares of Johnson Controls International PLC (NYSE:JCI) on weakness during trading hours on Wednesday. $47.22 million flowed into the stock on the tick-up and $30.08 million flowed out of the stock on the tick-down, for a money net flow of $17.14 million into the stock. Of all stocks tracked, Johnson Controls International PLC had the 24th highest net in-flow for the day. Johnson Controls International PLC traded down ($0.19) for the day and closed at $41.20

Several brokerages have recently weighed in on JCI. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $50.00 price target (down previously from $52.00) on shares of Johnson Controls International PLC in a research report on Tuesday. Cowen and Company reissued a “buy” rating and set a $48.00 price target on shares of Johnson Controls International PLC in a research report on Wednesday, September 27th. JMP Securities set a $50.00 price target on shares of Johnson Controls International PLC and gave the company a “buy” rating in a research report on Monday, October 23rd. Morgan Stanley lowered their price target on shares of Johnson Controls International PLC from $51.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, August 7th. Finally, Atlantic Securities cut shares of Johnson Controls International PLC from an “overweight” rating to a “neutral” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $48.29.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Monday, September 25th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Friday, September 22nd. Johnson Controls International PLC’s dividend payout ratio is currently -196.08%.

In other news, VP Jeffrey M. Williams sold 1,955 shares of Johnson Controls International PLC stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $41.43, for a total value of $80,995.65. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.50% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its stake in shares of Johnson Controls International PLC by 5.5% in the 2nd quarter. Bessemer Group Inc. now owns 2,550 shares of the auto parts company’s stock valued at $110,000 after purchasing an additional 133 shares in the last quarter. Perigon Wealth Management LLC lifted its stake in shares of Johnson Controls International PLC by 171.7% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,663 shares of the auto parts company’s stock valued at $116,000 after purchasing an additional 1,683 shares in the last quarter. Harfst & Associates Inc. lifted its stake in shares of Johnson Controls International PLC by 16.9% in the 2nd quarter. Harfst & Associates Inc. now owns 2,691 shares of the auto parts company’s stock valued at $116,000 after purchasing an additional 389 shares in the last quarter. Grove Bank & Trust lifted its stake in shares of Johnson Controls International PLC by 57.7% in the 2nd quarter. Grove Bank & Trust now owns 2,693 shares of the auto parts company’s stock valued at $117,000 after purchasing an additional 985 shares in the last quarter. Finally, First PREMIER Bank lifted its stake in shares of Johnson Controls International PLC by 366.2% in the 2nd quarter. First PREMIER Bank now owns 3,361 shares of the auto parts company’s stock valued at $146,000 after purchasing an additional 2,640 shares in the last quarter. 86.04% of the stock is currently owned by institutional investors and hedge funds.

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Johnson Controls International PLC Company Profile

Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.

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