Allstate Corp Purchases New Stake in Johnson Controls International plc (NYSE:JCI)

Allstate Corp acquired a new stake in Johnson Controls International plc (NYSE:JCI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 19,934 shares of the company's stock, valued at approximately $1,573,000.

Several other institutional investors also recently bought and sold shares of JCI. Vanguard Group Inc. increased its stake in shares of Johnson Controls International by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 68,156,110 shares of the company's stock worth $5,379,562,000 after purchasing an additional 179,743 shares during the period. State Street Corp boosted its position in shares of Johnson Controls International by 1.1% in the third quarter. State Street Corp now owns 27,939,766 shares of the company's stock valued at $2,178,595,000 after acquiring an additional 300,712 shares during the period. Fisher Asset Management LLC increased its position in Johnson Controls International by 2.9% during the fourth quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company's stock worth $1,242,597,000 after acquiring an additional 447,513 shares during the period. Geode Capital Management LLC grew its position in Johnson Controls International by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 13,475,260 shares of the company's stock worth $1,041,822,000 after purchasing an additional 71,493 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Johnson Controls International during the fourth quarter valued at about $568,309,000. 90.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

JCI has been the subject of several recent research reports. Morgan Stanley upped their price target on Johnson Controls International from $95.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. JPMorgan Chase & Co. lifted their price target on shares of Johnson Controls International from $87.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Citigroup lowered their target price on shares of Johnson Controls International from $85.00 to $84.00 and set a "neutral" rating on the stock in a research note on Monday, January 13th. Melius Research reissued a "hold" rating and issued a $95.00 target price on shares of Johnson Controls International in a report on Tuesday, January 28th. Finally, Wells Fargo & Company increased their price objective on Johnson Controls International from $92.00 to $98.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $91.27.

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Insider Transactions at Johnson Controls International

In other news, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total transaction of $113,361.84. Following the transaction, the vice president now owns 145,502 shares in the company, valued at approximately $11,599,419.44. This trade represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Oliver sold 205,168 shares of Johnson Controls International stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $88.03, for a total value of $18,060,939.04. Following the sale, the chief executive officer now directly owns 1,260,527 shares of the company's stock, valued at approximately $110,964,191.81. The trade was a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 907,286 shares of company stock worth $77,938,071. 0.54% of the stock is owned by insiders.

Johnson Controls International Stock Down 6.3 %

JCI traded down $5.25 during trading hours on Thursday, hitting $77.61. 2,983,331 shares of the company's stock were exchanged, compared to its average volume of 4,400,944. The stock has a market cap of $51.23 billion, a price-to-earnings ratio of 29.76, a PEG ratio of 1.96 and a beta of 1.32. The stock's 50-day moving average is $82.92 and its two-hundred day moving average is $80.78. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 1-year low of $59.83 and a 1-year high of $91.14.

Johnson Controls International (NYSE:JCI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. Sell-side analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be given a dividend of $0.37 per share. The ex-dividend date is Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a yield of 1.91%. Johnson Controls International's dividend payout ratio (DPR) is 56.49%.

About Johnson Controls International

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.