Advisors Asset Management Inc. Decreases Holdings in Johnson Controls International plc (NYSE:JCI)

Advisors Asset Management Inc. trimmed its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 24.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,987 shares of the company's stock after selling 8,914 shares during the quarter. Advisors Asset Management Inc.'s holdings in Johnson Controls International were worth $2,130,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Compass Financial Services Inc acquired a new position in shares of Johnson Controls International in the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. bought a new stake in Johnson Controls International during the 4th quarter worth approximately $29,000. Synergy Asset Management LLC acquired a new position in Johnson Controls International in the 4th quarter valued at approximately $42,000. ST Germain D J Co. Inc. raised its stake in shares of Johnson Controls International by 32.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 543 shares of the company's stock valued at $43,000 after acquiring an additional 134 shares during the last quarter. Finally, Gables Capital Management Inc. lifted its holdings in shares of Johnson Controls International by 132.0% during the fourth quarter. Gables Capital Management Inc. now owns 580 shares of the company's stock worth $46,000 after purchasing an additional 330 shares during the period. Institutional investors own 90.05% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on JCI shares. JPMorgan Chase & Co. raised their target price on Johnson Controls International from $87.00 to $100.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Royal Bank of Canada raised their price objective on Johnson Controls International from $86.00 to $93.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 6th. Morgan Stanley lifted their price objective on Johnson Controls International from $95.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Melius downgraded shares of Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 target price for the company. in a research report on Tuesday, January 28th. Finally, Melius Research restated a "hold" rating and issued a $95.00 price target on shares of Johnson Controls International in a research report on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Johnson Controls International presently has an average rating of "Moderate Buy" and an average price target of $91.27.

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Johnson Controls International Stock Down 0.3 %

Johnson Controls International stock traded down $0.25 during midday trading on Tuesday, reaching $84.27. The stock had a trading volume of 3,086,262 shares, compared to its average volume of 4,176,080. The company has a fifty day moving average price of $82.88 and a two-hundred day moving average price of $80.40. Johnson Controls International plc has a 12 month low of $59.83 and a 12 month high of $91.14. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $55.63 billion, a P/E ratio of 32.16, a PEG ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. As a group, equities analysts expect that Johnson Controls International plc will post 3.64 EPS 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 issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International's dividend payout ratio is currently 56.49%.

Insider Activity

In related news, VP Daniel C. Mcconeghy sold 1,950 shares of the firm's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $87.73, for a total transaction of $171,073.50. Following the transaction, the vice president now directly owns 24,803 shares of the company's stock, valued at $2,175,967.19. This trade represents a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO George Oliver sold 162,894 shares of the company's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $89.28, for a total transaction of $14,543,176.32. Following the completion of the sale, the chief executive officer now directly owns 1,203,893 shares of the company's stock, valued at $107,483,567.04. The trade was a 11.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 905,864 shares of company stock worth $77,824,710 over the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

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.