Aviva PLC Has $55.77 Million Position in Johnson Controls International plc (NYSE:JCI)

Aviva PLC lowered its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 9.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 706,616 shares of the company's stock after selling 70,451 shares during the quarter. Aviva PLC owned 0.11% of Johnson Controls International worth $55,773,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Johnson Controls International by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 68,156,110 shares of the company's stock valued at $5,379,562,000 after acquiring an additional 179,743 shares during the period. Franklin Resources Inc. boosted its holdings in Johnson Controls International by 6.0% during the fourth quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company's stock valued at $1,842,571,000 after purchasing an additional 1,325,500 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Johnson Controls International by 2.9% in the 4th quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company's stock valued at $1,242,597,000 after purchasing an additional 447,513 shares during the period. Geode Capital Management LLC grew its stake in shares of Johnson Controls International by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 13,818,777 shares of the company's stock valued at $1,087,670,000 after purchasing an additional 343,517 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Johnson Controls International in the 4th quarter worth approximately $568,309,000. Institutional investors own 90.05% of the company's stock.

Remove Ads

Johnson Controls International Trading Up 0.3 %

Shares of NYSE JCI traded up $0.20 during midday trading on Friday, hitting $76.43. The stock had a trading volume of 702,206 shares, compared to its average volume of 4,456,548. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. Johnson Controls International plc has a fifty-two week low of $59.83 and a fifty-two week high of $91.14. The firm has a market cap of $50.46 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 1.96 and a beta of 1.22. The company's 50-day simple moving average is $82.34 and its 200 day simple moving average is $80.78.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share (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%. Research analysts anticipate that Johnson Controls International plc will post 3.64 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently announced 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. This represents a $1.48 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International's payout ratio is 56.49%.

Insider Activity

In related news, CEO George Oliver sold 205,168 shares of Johnson Controls International stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the transaction, the chief executive officer now owns 1,260,527 shares of the company's stock, valued at $110,964,191.81. This trade represents a 14.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction 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 completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 907,286 shares of company stock valued at $77,938,071 in the last 90 days. 0.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

JCI has been the topic of several recent analyst reports. Morgan Stanley boosted their price target on Johnson Controls International from $95.00 to $105.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. lowered their target price on shares of Johnson Controls International from $100.00 to $81.00 and set an "overweight" rating on the stock in a report on Tuesday. Barclays cut their price target on shares of Johnson Controls International from $88.00 to $85.00 and set an "equal weight" rating for the company in a report on Monday, March 10th. Wells Fargo & Company boosted their price target on shares of Johnson Controls International from $92.00 to $98.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Finally, Melius Research reaffirmed a "hold" rating and set a $95.00 price objective 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 company. Based on data from MarketBeat.com, Johnson Controls International presently has an average rating of "Moderate Buy" and an average target price of $90.00.

Johnson Controls International Company 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.