American Century Companies Inc. Cuts Stock Holdings in Johnson Controls International plc (NYSE:JCI)

American Century Companies Inc. lowered its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 5.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,726,420 shares of the company's stock after selling 147,056 shares during the period. American Century Companies Inc. owned approximately 0.41% of Johnson Controls International worth $215,196,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its stake in shares of Johnson Controls International by 15.1% in the third quarter. Thrivent Financial for Lutherans now owns 39,279 shares of the company's stock valued at $3,049,000 after buying an additional 5,152 shares in the last quarter. Pathstone Holdings LLC grew its position in Johnson Controls International by 2.4% in the 3rd quarter. Pathstone Holdings LLC now owns 61,247 shares of the company's stock valued at $4,754,000 after acquiring an additional 1,411 shares in the last quarter. Commerce Bank increased its stake in Johnson Controls International by 0.8% during the third quarter. Commerce Bank now owns 22,984 shares of the company's stock worth $1,784,000 after purchasing an additional 186 shares during the period. Citizens Financial Group Inc. RI acquired a new stake in shares of Johnson Controls International during the third quarter worth about $219,000. Finally, Raymond James Trust N.A. boosted its stake in shares of Johnson Controls International by 20.0% in the third quarter. Raymond James Trust N.A. now owns 51,296 shares of the company's stock valued at $3,981,000 after purchasing an additional 8,538 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.

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Johnson Controls International Stock Performance

Shares of NYSE JCI traded down $0.25 during trading hours on Tuesday, reaching $84.27. The stock had a trading volume of 2,412,294 shares, compared to its average volume of 4,179,907. The firm has a 50-day moving average of $82.80 and a 200-day moving average of $80.28. The firm has a market cap of $55.63 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 1.96 and a beta of 1.32. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a fifty-two week low of $59.83 and a fifty-two week high of $91.14.

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

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be paid a $0.37 dividend. The ex-dividend date is Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a yield of 1.76%. Johnson Controls International's dividend payout ratio is presently 56.49%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on JCI shares. Argus upgraded shares of Johnson Controls International from a "hold" rating to a "buy" rating and set a $88.00 target price on the stock in a report on Friday, December 20th. Melius lowered Johnson Controls International from a "buy" rating to a "hold" rating and set a $95.00 price target on the stock. in a research report on Tuesday, January 28th. UBS Group raised Johnson Controls International from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $90.00 to $103.00 in a research report on Monday, February 10th. JPMorgan Chase & Co. raised their target price on shares of Johnson Controls International from $87.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, Melius Research reiterated a "hold" rating and set a $95.00 price target on shares of Johnson Controls International in a report on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.27.

Insider Activity

In other news, Director George Oliver sold 15,669 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $77.49, for a total value of $1,214,190.81. Following the transaction, the director now owns 1,003,893 shares of the company's stock, valued at approximately $77,791,668.57. The trade was a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the sale, the vice president now owns 148,346 shares of the company's stock, valued at $11,339,568.24. This trade represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 905,864 shares of company stock valued at $77,824,710. Insiders own 0.54% of the company's stock.

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.