Johnson Controls International plc (NYSE:JCI) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lessened its stake in shares of Johnson Controls International plc (NYSE:JCI - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 636,965 shares of the company's stock after selling 30,122 shares during the period. Bank of Montreal Can owned approximately 0.10% of Johnson Controls International worth $50,276,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Johnson Controls International in the 4th quarter valued at $568,309,000. Norges Bank purchased a new stake in Johnson Controls International during the fourth quarter worth $560,549,000. Amundi grew its position in shares of Johnson Controls International by 76.7% during the 4th quarter. Amundi now owns 3,870,478 shares of the company's stock valued at $309,422,000 after acquiring an additional 1,680,431 shares during the period. Franklin Resources Inc. increased its position in shares of Johnson Controls International by 6.0% in the fourth quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company's stock valued at $1,842,571,000 after buying an additional 1,325,500 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd increased its holdings in Johnson Controls International by 391,951.9% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 1,215,361 shares of the company's stock worth $95,936,000 after acquiring an additional 1,215,051 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on JCI shares. UBS Group upgraded Johnson Controls International from a "neutral" rating to a "buy" rating and raised their target price for the company from $90.00 to $103.00 in a research report on Monday, February 10th. Melius Research restated a "hold" rating and issued a $95.00 target price on shares of Johnson Controls International in a research report on Tuesday, January 28th. Citigroup dropped their price objective on Johnson Controls International from $95.00 to $85.00 and set a "neutral" rating for the company in a research note on Monday. JPMorgan Chase & Co. reduced 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, April 8th. Finally, Argus raised 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. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Johnson Controls International has a consensus rating of "Moderate Buy" and a consensus price target of $90.07.

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Johnson Controls International Stock Performance

Shares of JCI stock traded up $0.56 during midday trading on Tuesday, hitting $79.06. The company had a trading volume of 864,762 shares, compared to its average volume of 4,450,171. The stock has a market cap of $52.19 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 1.96 and a beta of 1.22. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The company's 50 day simple moving average is $82.19 and its 200 day simple moving average is $80.83. Johnson Controls International plc has a 52-week low of $59.83 and a 52-week 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, topping 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 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.87%. Johnson Controls International's dividend payout ratio is presently 56.49%.

Insider Activity at Johnson Controls International

In related news, CEO George Oliver sold 205,168 shares of the business's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $88.03, for a total value of $18,060,939.04. Following the completion of the transaction, the chief executive officer now 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 907,286 shares of company stock worth $77,938,071 over the last 90 days. Company insiders own 0.54% of the company's stock.

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.